Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Buy Occidental Petroleum (OXY)
(Pick Made 6/20 9am)--This is a great play on rising oil prices. On the charts the stock is now back in uptrend is approaching its 52 week high as it has outperformed many oil companies through the correction in the overall market. I do think this stock continues higher here and heads towards $90
S&P Prediction for 6/21
On 6/18 The S&P Rose slightly. I think the market will continue higher here. 1120 is the 1st resistance level to watch, which is a 50% retracement of the entire bear market. If we break through that level, I do think the market will head towards 1150 within the next 2-3 weeks.
S&P 500 Prediction
On 6/14 I do expect a slight pullback to around the 1185 level in the S&P. However, I would use that pullback as a buying opportunity. I am now slightly bullish the market will move higher. If we can close above 1105 in the S&P, i will become more bullish.
S&P 500 Prediction
On 6/7 We may get a pop because of oversold conditions especially if something positive happens in Europe. 1040 is the key level to watch in the S&P. If we do get a really early in the week, I would use it as a selling opportunity, because i do think that level will be tested once again.
S&P 500 Prediction
On 5/21 The S&P Rose above 1180. I think the S&P will continue to rally here and make it up to about 1100 in the S&P either Monday or Tuesday. We will see if we can break through that level. 1055 is still support on the downside.
My S&P Predictions for week of 5-2-2010
Hey Everyone, Here is my Weekly YouTube Video with stock picks and predictions for this week.
Any Comments would be appreciated
Buy Frontline Ltd (FRO)
--(Pick Made 5/2 9am)--This tanker company trades at an inexpensive multiple and pays a great dividend which i expect to see increased as tanker rates rise. On the charts, the stock closed above and re-tested its previous resistance at about $34, I think the uptrend will continue and this stock will head towards $42
Full Disclosure: the owner of this website owns shares of Frontline (FRO)
My Prediction for BAC
Sell Bank of America (BAC) (Pick Made 4/18 9am)-- I think the big Banks will continue to be under pressure on the Goldman News. On the charts, the stock closed below its previous resistance it made in October. I think this stock trades down to $17
S&P 500 Predictions
On 4/22 The S&P fell below 1200. I do think the S&P will re-test the 1181 in the S&P either 4/22 or 4/23. If we hold that level it is a buying opportunity. If we break through on the downside I think we can re test the 1150 level.
Buy US Steel (X)
(Pick Made 4/4 9am) On the charts, this stock also just closed above a previous resistance point it made in Jan of 2010. I think this stock heads towards $72
S&P Prediction for this week
On 4/2 We got a good jobs report. The Market may sell the news on Monday. If we gap lower, we could test the 1170 level. If we hold that level its a great buying opportunity. However. I do believe we will break through 1181 which is resistance this week.
Buy Stryker (SYK) --
(Pick Made 3/21 4pm)--This company trades at an inexpensive multiple given its growth rate. On the charts, the stock is approaching the level of $57 which it failed at back in January. If this stock breaks through that level I do think it can go to $65
S&P Prediction
On 3/19 The S&P Fell slightly. I do think the market will trade down and test the 1150 level either Monday or Tuesday, if we break through on the downside I think we can go to 1125.
Buy Qualcomm (QCOM)
(Pick Made 3/7 3pm)--This company trades at an inexpensive multiple given its expected growth rate and just announced a share buyback and dividend increase. On the charts, the stock recently dropped on heavy volume and got very close to its March of 2009 low. Somewhat of a double bottom may have been formed. I think this stock trades back to $42
S&P Prediction for This Week (3/8)
On 3/5 The S&P Rose to 1138 and closed above the previous support area at 1136. I think the rally will continue for a short while. I think we will make a move towards the 1150 level. if we fail at that level, or don’t make it there at all, I think we will trade down to 1120 in the S&P later in the week. However, we we break through we could see another breakout higher.
Buy Best Buy
Buy Best Buy Stores (BBY)-(Pick Made 2/21 5pm)--This company trades at in-expensive multiple and is expected to grow their earnings per share this year. On the charts, the stock retraced about 50% of the entire move from the March 2009 bottom. After this re-tracement is bounced higher. I do believe this stock can go to $40
S&P Prediction for This Week
The S&P Rose despite the surprise Fed rate hike. On 2/22 I expect the the rally to continue. The S&P closed above its 50 DMA for the 1st time since Mid-Jan. I do beieve the market will test the 1120 level this week. However, If we open and gap lower, I think we can test the 1100 support level. Those are the levels to watch on the down and upside.
Buy Freeport McMorran (FCX)
Buy Freeport McMoran (FCX): (Pick Made 1/31 12pm)--This stock trades at an inexpensive multiple. On the charts its very close to its 200 DMA. Also, it re-traced nearly 38% of the bull run from its 52 Week Low. I think this marks a good buying opportunity and this stock can go trade up to $73
MY S&P PRediction for 1/31
On 1/29 The S&P dropped below the 1078 level and closed below it for the 1st time all year. I think the S&P Should rise to the 1080 level because of oversold conditions. However, I do think thats an opportunity to sell. I do believe the S&P will trade down to 1040 within the next 2-3 weeks.
Buy American Eagle (AEO)-
-Fundamentally, this stock trades at an inexpensive multiple and should grow their eps over the next couple of years. On the charts, it bounced nicely off its 200 DMA and appears now to be back in uptrend. I think this stock goes to $19
On 12/31 The S&P had a sharp selloff at the end of the day but the volume was low. However, I think the key level to watch is 1110 which was previous resistance. If we hold that level, I do believe we will make new 52 Week Highs in the next couple of weeks.
Buy Amazon.com
Buy Amazon.com (AMZN): Fundamentally, this company is doing everything right and is growing their revenues by double digits despite this recession. The valuation is quite rich here, however, the growth rate is also big. I think Online is becoming America's preferred way to shop this holiday season. On the charts, the stock has pulled back to a level thats close to its 50 DMA, I think you can buy it here and the stock goes to $150
S&P Predictions for 12/21
On 12/18 The S&P rose back above 1100 as option contacts expired. I think the market will be in a range from 1085-1120 for the rest of the year. If we get to the bottom end of the range, I would buy. Also, Take profits near the top of the range. With a lot of traders out on vacation, I think volume will be light. For the next couple Weeks, It is going to a wait & see approach to the market.
Buy Apple (AAPL).
I think alot of weak hands got flushed out of Apple last week. On the charts its trading below its 50 DMA, so you may want to wait for it to get back over that before buying, But I think this stock can go to $220.
Disclosure: The owner of this website owns shares of Apple (AAPL)
Buy Citigroup (C),
I think the stock has been consolidating in a tight range recently. Fundamentally, they still have a lot of problems, however I think BAC paying back the Tarp will be a roadmap for Citigroup to do so. I think this stock goes to $6
GS Is Looking like it bottomed. I think the recenet pullback in GS gives you an opportunity.
Buy Diana Shipping (DSX)
Fundamentally, they have one of the best balance sheet’s in the industry and they are buying ships from some of their weaker rivals. On the Charts the stock recently broke out of a previous range. You might want to wait for a pullback before getting in but I think this stock can go to $19
Buy Diana Shipping
Buy Diana Shipping (DSX) (Pick made 11/13 6pm) Fundamentally, they have one of the best balance sheet’s in the industry and they are buying ships from some of their weaker rivals. On the Charts the stock recently broke out of a previous range. I think this stock can go to $19
The Symbol on Diamond offshore is (DO)
Buy OPtionsExpress (OXPS)
This is a great long term story as options get more popular. The Stock recently bounced off of its 200 Day Moving average, If this stock gets above its 50 Day, which its very close too, I think this stock can go to $20. Fundamentally, They are trading at only 13 times earnings at the time of this recommendation.
Buy Diamond offshore
I think this stock looks great and I would buy it. You might want to wait for a pullback before gettig in. It held the 50 Day Moving Average. This company is cheap on a valuation basis. In Addition they pay a special dividend every quarter and is currently yielding 8% assuming that special dividend will continue to be paid, which i see no reason why It wouldn’t be paid.
Buy AeroPostale (ARO)
This stock recently dropped hard on the Largest Volume of the year. It is right near a level it held back in June & July. You can buy it here (at $33.70) Stop out below $31.50. I think this stock goes to $38. Fundamentally, They recently reported disappointing same store sales, but they have a great balance sheet and I think the selloff was overdone.
My S&P Predictions for this week
On 11/6 The S&P Rose Despite unemployment raising to 10.2 percent. I think that is a great sign for the overall market for next week. When the market goes up on Bad News, it usually means the market goes higher. I do Believe the market will make new Year to date highs in the next week or two.
The Profits in the railroad stocks
After the pop you got from Warren Buffet, I would be taking profits in CSX and of course BNI and the other railroads after the rise in stock price you got from Warren Buffet’s investment in BNI.
I Like FCX
Even though this stock has had a huge run it is only trading at 12 times earnings. I think it is still undervalued. You might want to wait for a pullback to get in because I think FCX trades down to $71, which is the 50 Day Moving average. However I think this stock goes to $100. This will benefit from a weaker dollar and a stronger demand for copper.
S&P Predictions for 11/3.
On 11/2 The S&P rose as I expected, but failed to close above its 50 Day Moving Average. I now think the S&P will test the support level around 1025 later this week. However, If the S&P can close and hold above 1050, I think we can keep this bull market alive. However, I would have to hold above that level for 2-3 straight trading sessions.
My S&P Predictions for this week
On 10/30 The S&P dropped sharply. It fell below its 50 Day Moving average. I think we will get a bounce Monday because of oversold conditions. The Vix jumped to 30 on 10/30 indicating fear is starting to return. That usually means any piece of good data will bounce the market up. However, I think that will be an opportunity to take profits because it now appears the market is in downtrend.
Buy Coca-Cola (KO).
KO had a up day on 10/28 which was a horrible day for the overall market. I think this is a great defensive play with some growth overseas. You might want to wait for a pullback before getting in (The 50 DMA for this stock is near $52), but I Think this stock can go to $60.
Freeport McMorran (FCX)
I am Waiting until it gets down to the 50 DMA average which is at $70, I Think then you will have a great opportunity on this stock.
Buy FreeportMcMorran (FCX)
Even though this stock has had a huge run it is only trading at 12 times earnings. I think it is still undervalued. You might want to wait for a pullback to get in, but i think this stock goes to $100. This will benefit from a weaker dollar and a stronger demand for copper.