This Week's Recommendations - March 3, 2011
As a group, Value Line’s recommended convertibles gained 2.5% on a total return basis in February, while the stocks underlying them, as a group, rose 4.4%. Recommended Rank 1 convertibles rose 3% for the month, and 5.9% for the first two months, which beat all major equity indices. This week we have seven trade recommendations.
The Dow Jones Industrial Average rose 2.8% in the shortest month of the year, which brought the year-to-date total to 5.6%. The S&P 500 rose 3.2% and gained 5.5% over the longer period. The NASDAQ and the Russell 2000 posted monthly gains of 3% and 5.4%, which brought their two-month total to 4.9% and 5.1%, respectively.