The European stock markets opened strong on Monday morning so we may expect the US markets rise higher too.
By Steve Goldstein (MarketWatch.com)
UK:NEX UK:SGC CH:NESNLONDON — European stocks opened higher on Monday, with every sector rising after two straight weeks of gains and advances for ten out of the last 14 weeks. Movers included National Express (UK:NEX 392.10, +30.00, +8.29%) , which rose 7.9% as Stagecoach (UK:SGC 155.50, -0.60, -0.38%) made a tentative all-stock offer for the U.K. bus and rail operator, and Nestle (CH:NESN 43.80, +0.48, +1.11%) , which advanced 1.8% on an upgrade ahead of the world’s largest food producer’s nine-month sales update on Thursday. The U.K. FTSE 100 rose 0.9% to 5,235.17, the German DAX rose 0.8% to 5,791.13 and the French CAC 40 rose 0.8% to 3,855.20.
I decided to add more risk to my portfolio (my current total risk is 3.69% as of Sunday late night, actually Monday very early morning) and open new position by buying JADE shares.
Tomorrow, when the US markets open, I shall buy 34 shares of this stock at the price around $3.40 per share. I am also looking at other penny stocks with strong earnings such as SIHI and MHJ.
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