Rocket Stocks for the week of February 23th-February 27th
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Date updated:02-21-2009

After playing the last two weeks relatively safe in terms of risk and capital exposure, I am willing to believe that the market will snap back to the tune of 3% to 5% this week in relatively short order.
Here is why I am bullish on the week:
1) A shortened trading week coupled with options expiration, and several important economic data points increased volatility towards the downside.
2) Corporate bond trading in the United States is at a two-year high, signaling improved liquidity in the credit markets
3) Sentiment levels, as judged by the bull/bear index, and Citigroup’s proprietary panic/ euphoria showing panic levels
4) The rise in the price of gold to almost $1000 per oz. a level which was last seen the week Bear Stearns was rescued by the J.P Morgan and the Federal Reserve

symbol name last price % change open
  • +
  • TX
    Ternium S.a. Ads
  • $30.00
  • +1.63%
  • $29.14

Ternium S.A. (TX): Long ahead of earnings: Ternium S.A could see an earnings surprise similar to what happened to Reliance Steel (RS) on Thursday of last week, sending shares of Reliance Steel higher by 25%. Despite saying that fourth-quarter profit dropped by 17% due to falling demand and lower steel prices, Reliance Steel’s net income for the fourth-quarter was $66.3 million, or 90 cents per share, down from $79.9 million, or $1.06 per share. Currently, analysts are forecasting earnings for Ternium to range from a gain of $0.78 cents per share to a loss of $1.56 per share. These estimates are very wide hinting at analysts uncertain into how Ternium may fair. It is worth pointing out that Ternium has beat analyst estimates to the upside 6 out of the last 7 quarters by an average 18.97%

People owning TX also tend to own: ATSGBPOBRK-BCRESWCRESYFFHGS

TheStreet.com Rating: D+ What is this?

  • +
  • FLS
    Flowserve Cp
  • $92.81
  • +1.42%
  • $92.71

Flowserve Corp. (FLS): Long ahead of earnings: Late January shares of Flowserve raised their 2008 profit guidance, hinting towards investors that they would likely beat on the earnings front. For the full-year 2008, Flowserve is now predicting that earnings be on the high-end of its previously announced forecast of $7.20 to $7.50 per share. Wall Street analysts were expecting earnings of $7.42 per share. Trading at just 6.32x 2008 earnings, shares of Flowserve could trade up into the mid-fifths

People owning FLS also tend to own: AGZ.BECBIIEXITTLAYNMILNLC

TheStreet.com Rating: B What is this?

  • +
  • FWLT
    Foster Wheeler Ag
  • $26.02
  • +2.28%
  • $26.07

No Analysis added

People owning FWLT also tend to own: AESAKSAMRAMTDAMZNCECOCLF

TheStreet.com Rating: C+ What is this?

  • +
  • ASTE
    Astec Industries
  • $24.11
  • +3.08%
  • $24.10

No Analysis added

People owning ASTE also tend to own: COPPAYATNIDVNEXPOIISGG

TheStreet.com Rating: C What is this?

  • +
  • MHS
    Medcohealth Solut
  • $61.25
  • +1.79%
  • $60.71

No Analysis added

People owning MHS also tend to own: CCLXCVSGOOGGSHDJNJ

TheStreet.com Rating: A What is this?

  • +
  • NBR
    Nabors Inds Inc N
  • $22.29
  • +3.53%
  • $21.97

No Analysis added

People owning NBR also tend to own: ESVHPRDCAMTDBNIGLWUNH

TheStreet.com Rating: C What is this?

  • +
  • KBR
    Kbr Inc
  • $17.83
  • 0.00%
  • $N/A

No Analysis added

People owning KBR also tend to own: APCAPPAUYAVNXBMDCBICOLM

TheStreet.com Rating: B- What is this?

  • +
  • ATHN
    Athenahealth
  • $39.63
  • 0.00%
  • $N/A

No Analysis added

People owning ATHN also tend to own: FROLVLTRHYTMACATCPSLCSCO

TheStreet.com Rating: D What is this?

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