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Dow Theory's mid-year favorites
Posted on June 25, 2009
Midyear is as good a time as any to pause and re ect, says Richard Moroney in Dow Theory Forecasts -- a newsletter that has been published for over 50 years.Here, he reviews the state of the market and offers a look at trio of favorite stocks which he considers fundamentally superior companies: Biogen Idec (NASDAQ: BIIB), Comcast (NASDAQ: CMCSA), and Oceaneering International (NYSE: OII). The Dow Theory indicator remains in the bearish camp, as the last con rmed signal was the move to new lows in March. But both the Industrials and Transports have staged signi cant rallies since...
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