Rocket Stocks for the week of February 23th-February 27th
7534 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by RocketStocks
DESCRIPTION:

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
  • $31.27
  • -0.70%
  • $31.01

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: AWIDMXCCSCOBMRNEMCGS

TheStreet.com Rating: D+ What is this?

  • +
  • FLS
    Flowserve Cp
  • $101.57
  • -0.42%
  • $101.45

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
  • $32.00
  • -1.99%
  • $32.16

No Analysis added

People owning FWLT also tend to own: ABKBBDCFCDEFCXFREHES

TheStreet.com Rating: C+ What is this?

  • +
  • ASTE
    Astec Industries
  • $25.42
  • -1.47%
  • $25.16

No Analysis added

People owning ASTE also tend to own: COPPAYATNIDVNEXPOIISGG

TheStreet.com Rating: C What is this?

  • +
  • MHS
    Medcohealth Solut
  • $61.61
  • +0.42%
  • $61.25

No Analysis added

People owning MHS also tend to own: CCLXCVSGOOGGSHDJNJ

TheStreet.com Rating: A What is this?

  • +
  • NBR
    Nabors Inds Inc N
  • $19.83
  • -5.75%
  • $20.86

No Analysis added

People owning NBR also tend to own: ESVHPRDCAMTDBNIGLWUNH

TheStreet.com Rating: C What is this?

  • +
  • KBR
    Kbr Inc
  • $18.89
  • -0.58%
  • $18.92

No Analysis added

People owning KBR also tend to own: APCAPPAUYAVNXBMDCBICOLM

TheStreet.com Rating: B- What is this?

  • +
  • ATHN
    Athenahealth
  • $42.27
  • -0.42%
  • $42.45

No Analysis added

People owning ATHN also tend to own: FROLVLTRHYTMACATCPSLCSCO

TheStreet.com Rating: D What is this?

  • Page 1 of 2
  • 1
  • 2
previous next

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

latest articles | popular forums
Cramer's Take on Headline Stocks...

Not a Stockpickr member? Join the community today -- for free.Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about...

11.20.09 | 11:48 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 20, 2009 According to Jim Cramer, options expiration is driving the current market selloff. He pointed out that the only stocks that we...

11.20.09 | 08:09 AM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 19, 2009 According to CNBC’s “Fast Money” traders, the stock market is showing no signs of stopping its current bull run. Joe Ter...

11.19.09 | 11:13 AM
Squeezing the Shorts: Earnings G...

By Jonas Elmerraji Posted on Nov. 18, 2009 There are plenty of reasons for stocks to have the attention of short-sellers. Waning financials, a deteriorating business mo...

11.18.09 | 12:36 PM
more articles
recent answers | popular answers
bubble(0)
today 's lists
52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Nov. 20, 2009. more

Biggest % Gainers

Here are some of the largest % gainers from Nov. 20, 2009. more

Dogs of the Dow

Here are the 10 stocks in the Dow Jones Industrial Average stocks with the highest yields as of the market close on June 2, 2009. more

show all today's lists