Stocks Fall Under Global Slowdown Concerns

Fear gripped the markets today as investors sold heavily in the morning and shed additional shares near the close. If you have been reading FastSwings.com, then you know that I have been on hold since publishing the article ‘Stocks Recover But The Trend is Down’. The positive is that interest rates are falling to even lower lows, so refinancing for Americans is very affordable on automobiles and homes. Trading the market is a little less exciting during this time.

Interest Rates Staying in Place

The Federal Reserve finished a two day meeting and left interest rates in place instead of adjusting them upward to ward off possible inflation. The Fed board seemed to be more concerned about growth in the US than they had previously been when reporting their findings last month. European debt issues have stalled the US recovery to some degree and inflation is not a concern of the Fed at this time.

Sketchers USA (SKX) Breaking Out

Sketchers, the footwear manufacturer, has been printing money as of late and the stock has rallied nicely over the past 12 months. Most recently, it has traded in a range near its 52 week high but looks to be breaking out once again. Set to release an earnings report towards the end of July, the stock price of Sketchers USA (SKX) could move higher will improved expectations and a moderate price to earnings ratio.

VMWare Inc (VMW) stock has been on a nice run over the past year from a low $26.12 a share on July 8, 2009 to a recent high of $70.71. The company develops, markets, and sells the very popular software product by the same name that allows enterprises world-wide the ability to better utilize computer server space by partitioning the resources into separate virtual servers.

SanDisk Corp (SNDK) Moves Higher

In addition to great stock performance and solid earnings and revenue improvements, SanDisk (SNDK) today announced new improvements in flash memory devices while Gartner predicted rising chip sales. The flash devices of SanDisk are now moving into PC applications as replacements for hard drives and allowing netbook makers to design even smaller portable devices. The performance of the new memory products along with reliability and storage capacity make the devices ideal for many application according to reports.