Rent A Center share value moved higher during the day as did other indicators.
The primary index composites rallied in the U.S. today as they followed the
global market indicators higher. Worries in the eurozone receded a bit today and
with the recession came a boost of investor confidence. Global market indicators
rose in France, Britain and Germany. Market indicators in these regions pushed
into the green and this action helped stock indicators in the U.S. move into
positive territory as the days session was wrapping up. Investors are generally
still worried about the Greek default but rumors of additional financial support
via China are helping put some anxieties to bed temporarily. The confidence
boost is likely going to be short lived and the fear trade is likely to resume.
We can see choppy trends already this week as investors try to process and
predict, but are unsure of market direction. Regardless of what is to come, the
primary U.S. indices managed to finish off the day green today. Just minutes
prior to official close, the Dow Jones was higher by over 45 points at
11,106.38. The Nasdaq was higher by over 37 points at 2,533 and the S&P 500 was
green by over 10 points at 1,174. Individual company share values did better
today as well. Rent A Center Inc. stock finished the day in the green by 1.30
percent 27.95 as close was finalizing. Previous close for RCII was 27.59
according to google finance. Rent a Center is rent to own and during a time when
many cant afford to buy straight-up, rent a center is offering a service that
many cant avoid. Frank Matto
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