Notable Stocks of the Day 8/05/2008

Boeing (BA) is rallying today on falling oil prices. The stock is up 5.04% to $64.45.

Black and Decker (BDK) has been trending fiercely up since about a week before the stock reported earning. After hitting a 52week low of 51.56, stock started moving up. Today, BDK is up 4.25% to $61.01. I keep wanting to recommend this stock on weakness and have not seen a big down day.

Wal-Mart (WMT) and other retailers are rallying with the decline in oil. WMT is up 2.40% to $59.84. I am very impressed with WMT on a operational level but the stock has failed to break $60.00 repeatedly. However, with the decline in oil and growing strength of today's uptrend, it may do so this time.

Otter Tail (OTTR) reported poor earnings and lowered guidance. The stock is down $9.20, or 21%, to $35.70. This decline shows how crowded and over-optimistic investors are about any alternative energy.