New High for JOSB

The stock market is up in early trading so far. It seems like a fairly quiet day on Wall Street. One of our Buy List stocks, Jos. A Bank Clothiers ($JOSB), is doing quite well and is at a new 52-week high. JOSB is a 20% winner for us on the year so far.

Reynolds American ($RAI) is also doing well; the stock came within three pennies of hitting a new 52-week high this morning. Even with the higher share price, RAI still yields 6.2%.

We had some decent economic news this morning. Consumer spending rose 0.7% last month which was an increase from 0.3% in January. Personal income rose by 0.3% so people are saving less.

It’s still early but the S&P 500 may close today at a three-week high.

Posted by on March 28th, 2011 at 10:31 am


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