In a world of indices hitting new 52-week highs, individual stock prices are changing in a narrow range. In the immediate term, anything and everything can rattle the stock price; be it a downgrade, a change in weather or perhaps even a comment from Greece or Portugal. Focus on the company’s business instead and the broader environment.
Markets in the US and Europe posted gains, with the Dow hitting a new 18-month high. Concerns over sovereign default have ebbed with Greece securing EU commitment on financial aid and Dubai getting a fresh bailout.