Industrial Stocks Will Drive the Market Higher – Regardless of High Oil Prices
March 10, 2011 at 05:00 AM EST
Some investors are worried that high oil prices will drag down the U.S. recovery - and the stock market rally it's spawned. But even though some stocks look to be topping out, the major industrial stocks behind this bull market are plowing ahead. Don't get me wrong - some real heavyweights look poised to hit the mat. InternationalBusiness MachinesCorp. (NYSE: IBM ) looks like it could be settling in for a prolonged sideways shuffle after reaching new all-time highs in January.Amazon.com Inc. (Nasdaq: AMZN ) looks like it has put its finger on the wrong page.And Google Inc. (Nasdaq: GOOG ) looks like the two letters in the middle of its name - big zeroes.