Even as stock futures point lower to start the week, which isnâ€™t surprising after last weekâ€™s rally, I am somewhat optimistic on my selections.
I wrote a post in which I outlined a Chinese company called Focus Media (FMCN) a while back. While I like the prospects of this company, the street has punished it to the tune of about 8% since I wrote. This beating has been on speculation that their third quarter revenues might not be that impressive. I found the following article this morning that basically sums up my thoughts on the company. Now, the market tells us what the stock is worth and not the other way around, so take my opinion with a grain of salt. I just thought I would share the article for your information.
One of my other pick, Eurozinc Mining (EZM) has announced that it has agreed to purchase Lundin Mining in a stock swap that will create a global producer of zinc and copper with a market cap of over $3 Billion. Eurozinc (EZM) is up almost 3% in early trading this morning following the announcement.
It will be interesting to see what investors have in store for us the rest of the week.
Have a profitable day!