Tuesday, March 19, 2013

JP Morgan, BHP Lead; What’s Up with Wal-Mart?

As you can see from the accompanying map of the market, courtesy of SmartMoney, there’s some real green out there, in select sectors:

JP Morgan Chase (JPM) is up $2, or 5.4%, at $39.86;

Australian miner BHP Billiton (BHP) is up $3.31, or 5.6%, at $62.41;

Miner Freeport McMoran (FCX) is up $3.46, or 5.4%, at $67.08;

Wynn Resorts (WYNN) is up $3.63, or 5%, at $78.43.

The areas that are underperforming include consumer discretionary and consumer staples, and health care.

But what’s up with Wal-Mart Stores (WMT)? It’s down 23 cents, or half a percent, at $51.07. General trade-down with consumer staples? �There’s no specific news that I can see, at this point, to prompt the decline.

Green shoots in financials, mining & materials

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