Out Fox The $treet

Everybody claims it's not a stock picker market because all stocks are theoretically trading together due to ETFs. Not sure what explains why some stocks are hitting 52 week highs and others are lagging. Other then Riverbed Technology (RVBD) which has consistently hit new highs recently, Millicom Cellular (MICC) and ICICI Bank (IBN) are at or approaching 52 week highs under the radar. What do these 2 stocks have in common? Mainly a focus on business outside the US in fast growing markets. MICC is a leading cellular provider in Latin America, South America and Africa. They operate in 14 locations in these fast growing areas providing much more opportunity then any domestic operator. MICC has continued to slowly creep up even during a flat to down market the last 4 months. Almost a perfect chart. IBN is a leading bank in India. Having one of the largest banking networks in the fast growing country with the goal of growing beyond the borders of that country...

According to the Tulsa World, Carl Icahn and his firm has significantly added to his purchase in Williams Cos (WMB). WMB is now his 5th largest holding according to the article behind the likes of Yahoo (YHOO), Biogen (BIIB), Motorola (MOT), and Anadarko (APC). The investment more then doubled his holdings in WMB to $250M and increased his position to 3%. This isn't necessarily a sign that he plans on being an activist as he held shares back in 2006 that he mostly sold in May of 2008. Seems that maybe Icahn is just a trader in WMB stock, but he might have other plans this time. His more recent investments haven't been that stellar as both YHOO and MOT have bombed since his involvement. WMB is an anchor of the Tulsa community and would be a shame if Icahn were to force changes. They've historically been a strong natural gas company though they lost there ways in 2000 with the debacle that was Williams Communications that is now a part of Level 3 (LVLT). Its interesting that...