The recent market correction indicates oversold conditions, creating bargains for investors again.

Asian stocks took yet another hit overnight. The Hang Seng and the Nikkei were off 0.38% and 0.71% respectively. European stocks were in the red early this morning too. And here in the US we're currently trading lower.Here's what I'm seeing this morning:Johnson & Johnson (JNJ): The New Jersey-based company was out with its fourth-quarter numbers yesterday. Excluding items it put $1.02 on the scoreboard. That's eye-catching because it's a nickel north of expectations. J&J managed to beat the Street on the top line too. But unfortunately the shares got a little slap on the wrist in yesterday's session: ...

Stocks -- though thankfully not Toyota (TM) -- put the pedal to the metal after consumer confidence hit its highest level in over a year only to run out of gas late on and end marginally Down Under (it was Australia Day after all). Still some shares showed surprising strength even as equities overall slipped for the fifth time in seven sessions. An analyst upgrade of TheStreet.com (TSCM) sent it skyrocketing 28.17% doubtless delighting Crazy Kramer. Sorry Crazy Cramer. Vail Resorts (MTN) jumped up 5.27% further filling the pockets of those many moguls assembling on the moguls of Davos ...

U.S. Steel Corp. swung to a loss in the fourth quarter, the company said Tuesday, and it expects to stay in the red for the current three-month period as well.

U.S. stock market futures were mostly weaker Tuesday on worries over the fiscal health of the world’s second-largest economy, Japan, as well as over moves to limit growth in China.

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC.