Rocket Stocks For The Week of October 13-October 17
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Date updated:10-12-2008

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
  • +
  • CIT
    Cit
  • $0.00
  • N/A
  • $N/A

CIT Group (CIT): CIT is a commercial lender that has traditionally depended on the capital markets for its funding needs. As a result, the stock has been very high beta and sells off whenever there are liquidity or credit concerns around financial names. Currently, this is such a case. In the short term, the capital markets gyrations don't impact the stock at all; so, when Goldman and Morgan are selling off because they fund their business with short-term paper, CIT shouldn't sell off as hard as it does. CIT is trading at a substantial discount to its tangible book value of $13.72 ($6.15 = 45 cents on the dollar). The company is expected to make money each and every quarter going forward. Consensus expects $0.15 CIT goes from $4.6 to $6

People owning CIT also tend to own: ANATBGBTUCNHCPOETREXH

TheStreet.com Rating: No Rating What is this?

  • +
  • STEC
    Stec
  • $12.88
  • 0.00%
  • $N/A

STEC (STEC): STEC is focused on solid state drive (SSD) technology that can massively outperform existing flash memory. Unlike flash-based memory cards, SSD emulates a hard-disk drive, thus easily replacing it in most applications. Aided by the continuation of the decline in flash component pricing, with hyper growth in unit volume growth, STEC is poised to outperform in the long-term as well as short-term (ie, the next week!!) Last week, STEC management said that its 3rd quarter adjusted EBITDA and revenue will come in at the high end of its previous guidance. The company said it saw extremely strong performance in its business storage and ultra-mobile personal computing markets. STEC goes from $6 to $8 this week.

People owning STEC also tend to own: BTJMDRXRENTMEADPRCPINPHSWHC

TheStreet.com Rating: C+ What is this?

  • +
  • FCX
    Freeport Mcmoran
  • $87.32
  • +2.02%
  • $86.29

Freeport (FCX): The fact that Freeport is trading at $39 per share is simply mind-boggling. Freeport-McMoRan is one of the world’s largest copper, gold and molybdenum mining companies in terms of proven reserves and production levels. The company has worldwide reveres of copper of around 90 billion pounds, 1.8 billion pounds of molybdenum and 41 million ounces of gold, with production levels since mid-2008 of 4.35 billion pounds of copper, 85 million pounds of molybdenum and 1.8 million ounces of gold. In 2007, mining revenues by commodity were comprised of 78% copper, 12% molybdenum and 10% gold. Freeport goes from $39 to $46 this week

People owning FCX also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D What is this?

  • +
  • XL
    Xl Capital Ltd
  • $18.32
  • -0.33%
  • $18.40

XL Capital (XL): Last month John Charman, CEO of Bermuda based Axis Capital regarding acquisitions both large and small "We would consider acquiring any company that substantially enhances earnings potential," --- Charman specifically named XL Capital as one company that the industry is actively poring over as a potential takeover target. Charman said XL is attractive because it is the first global property-casualty insurance franchise to come on the market since Cigna Corp's ACE nearly a decade ago. Charman stopped short of saying that Axis was interested in acquiring XL, saying investors would have to draw their own conclusions XL goes from $5 to $8

People owning XL also tend to own: AAVAEROALLAOSASHBACBER

TheStreet.com Rating: D+ What is this?

  • +
  • GOOG
    Google Inc.
  • $585.74
  • +0.45%
  • $586.44

No Analysis added

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • GOOG
    Google Inc.
  • $585.74
  • +0.45%
  • $586.44

No Analysis added

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • NUE
    Nucor Cp
  • $43.08
  • +2.64%
  • $42.13

No Analysis added

People owning NUE also tend to own: AXAFDXNOKRTPSLBTMDEBS

TheStreet.com Rating: C What is this?

  • +
  • TRID
    Trident Microsyst
  • $1.93
  • +1.05%
  • $1.92

No Analysis added

People owning TRID also tend to own: CCRTCTSHFMDHOLXISOAMDAMGN

TheStreet.com Rating: D What is this?

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