Rocket Stocks For The Week of July 14-July 18
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Date updated:07-18-2008

The goal of this portfolio is not necessarily to find the best stocks for the next century but the ones that can either snapback this week because of an irrational selloff last week, or they have some other potential catalyst that can create explosive potential during the coming week.

symbol name last price % change open
  • +
  • NOK
    Nokia Cp Ads
  • $16.69
  • -0.06%
  • $17.46

Nokia: Nokia is down a whopping 35% for the year, despite having market share of 49.4% in the Smartphone market. Over the past few months several analysts have downgraded Nokia, all suggesting that its current market share is slipping and that the escalating cost of food in India, China and Brazil, could hurt the Nokia’s total sales volume. With this bad news baked into the stock, Nokia is poised to report a solid earnings surprise. The company has $16 billion in cash, operating margins north of 15% with revenue growth of almost 30% per quarter. If increasing food prices are indeed an issue, it should be a positive one for shares of Nokia, as people in developing nations have substantially less capital and thus prefer the lower priced Nokia phones over Apple’s I-Phone, or RIMM’s Blackberry. Analyst Tero Kuittinen from Global Crown Capital Equity Research put out a positive piece a week ago entitled 'Nokia: It is Time to Buy the Stock; Bad News Likely Priced in' highlighting the fact that the company just started shipping, new radically improved cheap phones, which could help its oversea sales. Buy it before it reports earnings up 10%

People owning NOK also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: B- What is this?

  • +
  • ETN
    Eaton Cp
  • $47.98
  • -0.08%
  • $49.02

Eaton: Eaton, which designs, manufactures markets and services electrical systems and components worldwide, should be an interesting trade as investor sentiment is very bearish on international construction companies; after the horrible miss by Oshkosh. My bet is that international growth is booming and that Eaton is going to have a monster quarter. Eaton has a history of beating earnings estimates and either guiding above or slightly above analyst estimates.

People owning ETN also tend to own: ABXBABACBHPCCHKCHL

TheStreet.com Rating: B What is this?

  • +
  • RS
    Reliance Stl & Al
  • $25.38
  • -10.29%
  • $28.60

Reliance Steel: Reliance Steel, which is by far the cheapest of the steel companies, reports earnings this week—they are going to report a monster upside quarter and you’re going to want to take part in that. After positive news from Cleveland-Cliffs and Mechel Open Joint Stock, Reliance will be next in-line to beat earnings, and/or raise guidance. Forward PE of 9 doesn’t reflect its true earnings potential, given where steel prices are going. Barclays Capital analyst Amrita Sen "The recent surge in steel prices can in no sense be seen to have peaked, given the tightness in the scrap and raw material market,"

People owning RS also tend to own: ALBAPDARJBHPBLLDOWFCX

TheStreet.com Rating: C+ What is this?

  • +
  • APC
    Anadarko Petroleu
  • $35.18
  • -11.14%
  • $40.38

Anadarko Petroleum: Anadarko has been totally killed, down about 20% since early June, mostly due in part to an very so slight pullback in natural gas futures. Anadarko is dirt cheap trading with a forward PE of just 11, and has huge untapped reverses in Pennsylvania’s Marcellus Shale. With a 50% deep-water-drilling success rate, the highest in the industry; Anadarko is simply to cheap to ignore.

People owning APC also tend to own: ACIAINVANRBBDBTUCHKCMCSK

TheStreet.com Rating: C+ What is this?

  • +
  • NVLS
    Novellus Systems
  • $15.63
  • -8.17%
  • $17.30

No Analysis added

People owning NVLS also tend to own: AMATAMDAMXCNQRDADWIIG

TheStreet.com Rating: C What is this?

  • +
  • CSX
    C S X Cp
  • $45.98
  • -3.65%
  • $47.83

No Analysis added

People owning CSX also tend to own: AEPAMPAOCCAGEIXFGNW

TheStreet.com Rating: A What is this?

  • +
  • JOEZ
    Joes Jeans Inc
  • $0.80
  • -13.04%
  • $0.91

No Analysis added

People owning JOEZ also tend to own: NLYAAPLANFAPPAROBKECHIC

TheStreet.com Rating: D+ What is this?

  • +
  • IIIN
    Insteel Industrie
  • $9.34
  • -10.02%
  • $10.59

No Analysis added

People owning IIIN also tend to own: EAGLHSOAHTEZEUSAAPLAESASR

TheStreet.com Rating: B- What is this?

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