Alert:  The Red Roadmaster looks Hythiam Inc. (HYTM), Warner Music Group (WMG), and Oppenheimer Holdings (OPY), at for the 1st time.

Recap of the US Stock Market Action for the Week Ending  26 June 2009

Consumers are saving more than they’re spending; banks happy, investors worried.

US Stocks finished mixed Friday after the Commerce Department reported that personal spending, incomes and savings all rose in May as the savings rate soared to a 15 yr high of 6.9%  on modest spending  of + 0.3 %; consumers are being very careful with their money in here. US GDP dropped at an annual rate of 5.5% in Q-1/ The University of Michigan reported a rise in consumer sentiment in June, better than the flat reading expected by analysts.  US Government bond prices edged higher.  The yield on the benchmark 10-year T-Note slipped to 3.53% late Friday from 3.54% late Thursday. Advancers outnumbered decliners 3-to-2 on the NYSE, where consolidated volume came to 5.1B/shrs, up from 4.9B/shrs on Thursday.  Volume was heavy on the annual reconstitution of the Russell 2000 index causing investors to buy and sell hundreds of stocks to match the new makeup of the indexes.  Crude Oil fell US$1.07 to settle at US$69.16 bbl on the New York Mercantile Exchange. The US$ was mixed against other major currencies. Gold prices rose. Overseas Markets:  Britain’s FTSE 100 fell 0.3%, Germany’s DAX index fell 0.5%, France’s CAC-40 fell 1.1 % and Japan’s Nikkei average rose 0.8%.

Stocks to Watch Today

Cell Therapeutics, Inc. (CTIC), Hythiam Inc. (HYTM): JDS Uniphase Corporation (JDSU), Oppenheimer Holdings (OPY), Palm, Inc. (PALM), and Warner Music Group (WMG), XCORPOREAL INC (XCR),

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Posted by Shayne Heffernan on Jun 29th, 2009and filed underEquities.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site