As fear of a debt crisis in Europe continued to worry investors the markets were dragged down 1% today. While not too big of a drop the Dow is now below the 10,000 level for the first time in more than three months. Despite the debt fears however the Dollar fell versus the Euro after hitting a six month high. This slight decline allowed for a jump in commodities and energy stocks which have been hit by a rallying dollar. The tech heavy Nasdaq was the leader among the three main indexes with declines of just ,7% as some big name technology shares managed to cling to gains on the day. HPQ and Google were two big technology names that saw a jump in their share price after a strong sell off in the tech sector last week.
The Fiscal Frenzy Portfolio Challenge is entering round two with the next winner to be selected on March 1st. All portfolios have been reset so if you have a portfolio be sure to pick new stocks. If you are looking to join the game to win a $20 iTunes giftcard there is a link on our homepage and joining the game is free.
Fiscal Frenzy is looking to make a large position of the portfolio based in technology for the next two months as we see a big rally in that sector set for the near future. A green energy play that we are going to move into however is APower (APWR). This is a company that manufactures wind turbines and power grids. This stock can be used as a short term or long term play. The stock has recently dropped and is in a position to rebound nicely while in the long term view the stock will be a leader in the green energy field. The stock is down more than 44% since December 22nd of last year (click for chart) and finished todays trading session at $11.40 a share after hitting a $21.04 just over a month ago. Fiscal Frenzy thinks this stock is in a good position to make a run and thus, make you money.




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