Revisiting Some Current Positions

We've gotten a few warnings shots across the bow this week -- layoffs at Cisco Systems (CSCO), soft guidance from Wal-Mart (WMT) and tepid manufacturing data in the form of industrial production and two regional indicators. These events point to the continued mixed bag that is the U.S. economy -- some pockets of strength, some that are doing OK and some that are far less so. 

As we exit this week, we've got two weeks left until Labor Day weekend, which signals the official end of summer and generally means we're back to the races ... at least until the Thanksgiving-Christmas slowdown. That means that after the coming lull that tends to see a drift in stocks as volumes drop, companies and investors will be gearing back up. Considering the weakness we've seen this past week -- the S&P 500 is down 2.1% over the last five trading days -- I find it's a good time to revisit current positions as well as those that have been ones to watch, or as I call them, contenders. ...362 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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