Rocket Stocks for the week of February 17th-February 20th
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Date updated:02-20-2009

Despite the shortened trading week this week overall market volatility should remain high as the following economic data will be released.
1) On Tuesday: Empire State Manufacturing for the month of February. This is a monthly survey of manufactures in New York State conducted by the Federal Reserve Bank of New York
2) On Wednesday: Both Building Permits and Housing Starts for the month of January.
3) On Wednesday: FOMC minutes from their latest interest rate meeting
4) On Thursday: Initial Jobless Claims for the month of January
5) On Thursday: Producer Price Index (PPI)
6) On Friday: Core Consumer Price Index (CPI)

symbol name last price % change open
  • +
  • WLT
    Walter Energy
  • $65.10
  • -0.34%
  • $64.06

Walter Industries (WLT): As Chinese and Indian demand for coal remain relatively robust despite the economic recession, Walter Industries, which is down over 60% from its 52 week high of $115 per share could get an earnings pop. With the stock at $21.45, I would buy the stock and sell the upside $22.50 calls for $0.85 cents, thus creating a net-long position at $20.60.

People owning WLT also tend to own: AAVABXAADGAMATAQRBGRBXL

TheStreet.com Rating: B- What is this?

  • +
  • CHK
    Chesapeake Energy
  • $24.22
  • -2.42%
  • $24.42

Chesapeake Energy (CHK): The largest natural gas producer in the United States could move higher as rumors surrounding an additional land sale to BP (BP) coupled with earnings clarity may move the stock higher.

People owning CHK also tend to own: ACIAINVANRAPCBBDBTUCMCSK

TheStreet.com Rating: C What is this?

  • +
  • FOSL
    Fossil
  • $28.43
  • +0.32%
  • $27.87

No Analysis added

People owning FOSL also tend to own: AAPLAEOSANFANNAROBBWCACH

TheStreet.com Rating: C+ What is this?

  • +
  • GPC
    Genuine Parts Co
  • $36.18
  • -0.71%
  • $36.34

No Analysis added

People owning GPC also tend to own: ADMAIZALLCBCNICOPCSC

TheStreet.com Rating: B What is this?

  • +
  • RIG
    Transocean Ltd
  • $85.40
  • -0.50%
  • $84.65

Transocean (RIG): Transocean’s earnings are particularly interest despite the substantial drop in crude oil prices, as deepwater day-rates for oil rigs are still north of $500,000 per day. I expect a decent quarter with weak guidance, thus a trader may want to consider the following: Buying shares of Transocean at $60 flat, selling the $60 calls for $2.05, and buying the $55 puts for $0.45 cents---this is income generating strategy generally works well for earnings trades.

People owning RIG also tend to own: GSFHPNBRAAPLADBEBBYCMCSA

TheStreet.com Rating: B- What is this?

  • +
  • WMT
    Wal Mart Stores
  • $51.25
  • -0.06%
  • $51.03

No Analysis added

People owning WMT also tend to own: AIGALLBACCCATCBSCOP

TheStreet.com Rating: B What is this?

  • +
  • ADI
    Analog Devices
  • $26.52
  • -1.30%
  • $26.71

No Analysis added

People owning ADI also tend to own: CSCOUARMAIGALLAPACATDD

TheStreet.com Rating: B- What is this?

  • +
  • BIDU
    Baidu
  • $409.74
  • +3.41%
  • $390.54

No Analysis added

People owning BIDU also tend to own: AMATAMTAMXFMCNKRYRACKSTP

TheStreet.com Rating: B- What is this?

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