Stocks will likely end up for the week amid the recent rate cut, so now is a good time to let the markets balance themselves out. There are still some good picks out there, like INTEL, LEHMAN BROTHERS, and APPLE, but there is no need to make any big moves. Apple cut the price of its iPod Nano to its lowest price ever.
High Energy
Look towards energy companies; its almost that time of year again and the Energy Sector will be creeping up over the next few months. Do your best to be ahead of the curve, this is a cyclical market and now is the time to buy. Look to re-evaluate your energy holdings around March.
The Energy Information Administration said crude stockpiles fell by 3.8 million barrels in the week ended Sept. 14, while U.S. gasoline supplies increased by 400,000 barrels. Analysts polled by Dow Jones Newswires expected a smaller drop of 1.5 million barrels of crude oil. Gasoline inventories were forecast to decline by 1.3 million barrels.
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