RBAK is a telcom equipment supplier that is growing fast and should post its first profit this year on 25% sales growth.
XMSR got a huge DB upgrade today to $33, this may help SIRI as well.
CSCO is finally getting some recognition from Prudential, who are looking for $24, but it is already way up from my original call back at $17.25.
Chip maker MRVL still looks great, watch INTC and TXN for market direction.
AAPL may have another good day in anticipation of Mac World tomorrow but watch out below if their new offerings don’t impress. High put prices confirm the general state of anxiety on this stock.
4.9% unemployment means CDI could bounce back. This is a very volatile stock that MIGHT be bouncing off its 200 dma of $25.25 or not…
MRB is still a class act in the mining sector, even though it is up 30% from our original pick. Do not buy into any gold positions if we don’t hold $540! Gold is currently trading at a huge historical premium to silver so if gold continues up, we need to look into silver stocks.
Old TOTD PLAY should get some play coming into Mac World and announcing the expected strong results. Sure it’s up 50% from our November pick but 1/3 of the float is still shorted and earnings are coming out on the 26th so we can expect a lot of covering between now and then.
JPM downgraded AMZN on slowing US growth. If the stock goes below the 50 dma of $46, it has little support all the way to $41.
MER is poised for a nice run up and would be my Trade of the Day if I had more faith in the markets.
DUK also looks smart dumping some low performing assets.
BSX goes back to being a sell as they press on to buy GDT for too much money while their own sales fall below flat. JNJ will sell off as well as investors are concerned they will be pressured to match the offer.
TYC is moving well on break-up plans.
DOW continues on its roll as natural gas prices remain tamed.
GM got a GS upgrade that will bring a lot of money back in and will really move the DJI today. People buying this stock are nuts!
