Rocket Stocks For The Week of March 31-April 4
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Created by fnftynftynu
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Date updated:03-30-2008

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
  • +
  • SCHN
    Schnitzer Steel I
  • $47.10
  • +3.00%
  • $45.20

The steel sector is on fire right now. As international countries demand more steel, SCHN seems like a natural take-over target by X. SCHN also has earnings on this week and with great pricing power we should see a nice pop upward.

People owning SCHN also tend to own: AGDEGOGSTLIIFINTCJNJMO

TheStreet.com Rating: C What is this?

  • +
  • NT
    N/a
  • $0.66
  • 0.00
  • $0.66

Worth keeping an eye is Nortel Networks which is down from a 52-week high of $26.49 to its current levels of $6.53. Last week Nortel won a 5 year contract from US Cellular to beef up the company’s network. The deal will allow US Cellular, the 6th largest wireless company in the US to keep adding subscribers and provide additional web browsing services. Also, last week the CEO of Nortel bought 83,500 shares at $6.2-3.37. Nortel has a forward PE of 6.73 and stated book value of 6.305

People owning NT also tend to own: COPGSIRLLDFQLGCWITDUK

TheStreet.com Rating: No Rating What is this?

  • +
  • AZZ
    Azz Incorporated
  • $33.47
  • +2.73%
  • $32.40

Was triggered a buy in our 3x2 trading system. Was up almost 3.5% in a down market on Friday. AZZ manufactures and sells electrical equipment and components for power generation. With earnings out on the 4th look for a nice beat.

People owning AZZ also tend to own: ALYAOBAXRCLBCRVLIIGJST

TheStreet.com Rating: B What is this?

  • +
  • FDO
    Family Dollar Sto
  • $30.38
  • +0.30%
  • $30.25

Near its 52-week low with a PE of11.7 FDO should see a nice boost in sales as consumers start shopping at discount retailers.

People owning FDO also tend to own: ASNEDHCNHRICFJNJKMB

TheStreet.com Rating: B What is this?

  • +
  • ESLR
    Evergreen Solar
  • $1.47
  • -0.68%
  • $1.46

Also worth keeping an eye on is Evergreen Solar (ESLR). With the solar stocks coming back into flavor, Evergreen is the best positioned as they have a 10-year polysilicon supply deal, which should limit the company’s costs. Evergreen also has a 20% short position, which could fuel a sharp rally. Cheryl Tang of Goldman Sachs called Solarfun’s earnings “solid”. So, as traders try to boost performance and oil at record levels looking for a short lived rally in the solar stocks.

People owning ESLR also tend to own: AEZBLDPGFIGSSNTRZRTKABX

TheStreet.com Rating: D What is this?

  • +
  • IMA
    Inverness Med Inn
  • $41.60
  • -1.00%
  • $41.78

Technical snapback rally is due.

People owning IMA also tend to own: APNS.OBAVNRDSCOEBHIECPGEVICGE

TheStreet.com Rating: C What is this?

  • +
  • VLO
    Valero Energy Cp
  • $16.47
  • +0.67%
  • $16.60

Got an upgrade last week with a $72 price target—This upgrade was lost in the market’s madness. VLO is starting to look very attractive—MASSIVE BUYBACK

People owning VLO also tend to own: APAAPCBHICHKCOPCVXDVN

TheStreet.com Rating: D+ What is this?

  • +
  • RIMM
    Research In Motio
  • $59.72
  • +1.50%
  • $57.84

Rumors that RIMM has made its way successfully into China—Look for any update on this front to really rock the stock higher.

People owning RIMM also tend to own: ACIWADMADSAZPNCERNCKFRCREE

TheStreet.com Rating: B- What is this?

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