Rocket Stocks For The Week of December 1-December 5 Portfolio - Stockpickr! Your Source for Stock Ideas

Rocket Stocks For The Week of December 1-December 5

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Date updated:12-12-2008

The time to be greedy in the capital markets is when everyone else is fearful. Fortunately, we loaded up on the highest beta momentum names we could find last week, and enjoyed an almost 15% rally off the lows from Friday. Shares of Apple, Goldman Sachs and J.P. Morgan were up anywhere from 20%-45% in less than a week’s time!

DLM
Del Monte Foods C
$11.00
-0.36%
$11.08

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.

People owning DLM also tend to own: BLL CCK DENN KO NVL PII SDS

TheStreet.com Rating: B What is this?

ALGT
Allegiant Travel
$40.45
+1.28%
$40.32

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.

People owning ALGT also tend to own: HLEX SUSS SWSI TALX AAPL DOW FWLT

TheStreet.com Rating: C+ What is this?

AAPL
Apple Inc.
$204.45
+1.22%
$202.97

No Analysis added

People owning AAPL also tend to own: AMD CSCO DELL GOOG IBM INTC MSFT

TheStreet.com Rating: B+ What is this?

JPM
Jp Morgan Chase C
$42.90
-0.92%
$43.16

No Analysis added

People owning JPM also tend to own: AA AIG IBM INTC JNJ KO MSFT

TheStreet.com Rating: B- What is this?

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