Another name to keep an eye on this week are shares of Del Monte Foods (DLM). Sitting on its 52-week low, Del Monte makes various storable canned goods and items. Input costs such as various metals and commodity related costs have fallen off a cliff, which should help the Del Monte’s earnings this quarter.

SELL---On a slightly different note, I feel investors should avoid/short shares of Allegiant Travel Company (ALGT). Sitting on its 52-week high, Allegiant is a travel agency/airline whose revenue is derived from the sale of vacation packages including hotels, rental cars, show tickets, night club packages and other attractions. How this stock is sitting on a 52-week high given the current economic environment is simply insane. A recession will lower volume growth for their tourist based business, and as volume shrinks the company’s high-end margin business will lead to negative volume and price.

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