Commentary: Midweek Market Rally

Knee deep in earnings season, the market rallied today with several of my personal stocks doing very well. Rainmaker Systems (RMKR) closed at $9.75 up $.73 for the day and hitting a 52 week high. Online brokerage house Ameritrade (AMTD) closed at $17.99 up $.48. The Street.com (TSCM) closed at $9.02 up $.13. And Conexant (CNXT) which has just been a dog closed at $1.99 up $.01.

Overall the tape looked positive today giving the bulls a little ground after options expired last week. The DOW closed up 87 points and the NASDAQ was up 34 points.

Two stocks I think worth noting were mentioned by Jim Cramer at http://thestreet.com. Goldman Sachs (GS) and Trump (TRMP). I liked TRMP in october when it was at the level it is now. Since then it has risen and fallen and here it is again worth owning. Goldman Sachs is a class act and deserves the $300 tag Cramer has placed on it. Running the numbers on GS you find that it is trading at 10 times earnings and yet has 6% growth. $246 is a conservative calculation, so $300 is definitely possible based on projected growth and revenue.

Trump (TRMP), despite the problems with the recent casino setback in Pennsylvania has room to move and it’s going to 22.

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