Author: admin | Date: July 14, 2011 | Please Comment!

What’s hot on the stock market these days? How about the three things that have kept America going for the past few centuries? Guns, food and money. According to insiders, the stocks to watch happen to be Smith and Wesson, Darden Restaurants and Goldman Sachs. All three of these make the “watch list” for very different reasons.

We all are well aware at this point that things at Goldman Sachs aren’t what they used to be. That being said, the company will cut about 230 jobs within the next year or so. Still, with that expected loss and the lack of faith some have in Goldman Sachs, the company has seen active trade and closed on a high note for the past couple of days.

As for Smith and Wesson, who closed at a loss today, trades are looking a bit active. In fact, the company is expected to announce fourth-quarter earnings of only 5 cents a share. If you want to get into this one at the ground floor or sell what you have at this point, this is your chance. Perhaps, America is finally shedding its image as a bunch of gun-toting cowboys. Sorry, John Wayne.

And lastly, we get to the one thing that America will never get enough of…food. Restaurant food at that. No one can truly say why the company has seen a profit recently but we can guess that as life gets busier and people cook less, the company is reaping the benefit. With shares expected to be listed at $1, this could be a good time to by in just a bit.

As always, when investing with the Black Diamond Trader, watch the stock a bit and research the company. While companies like Darden are still relevant to the economy, they may not show major profits and they may not be your cash cow. These are good stocks to watch if you have already invested in them or if you are interested in watching what your money can do for you, if only for a little while.

Stocks, like clothing trends and who’s who in Hollywood, are hot one day and not the next.

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