Paul's Hot Stock Picks For This Week |
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| By stapin |
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| keywords: stock picks day trade stock picks - 1dayhold | ||||
| HOT STOCK PICK OF THE WEEK: Capella Education (CPLA) is
setting up in mostly lower volume. CPLA has earnings and
relative price strength readings in the high 90's, its in an
A rated industry group, and it enjoys an A+ accumulation
ranking. Capella Education provides online post-secondary
education services in the United States. It offers various
doctoral, bachelor's, and master's degree programs in the
health and human services, business management and
technology, and education disciplines primarily to working
adults. PAUL'S MARKET COMMENTARY: Having digested both Thursday's generally favorable producer price index and Friday's favorable consumer price indexes, stocks took off en masse by the end of last week, thus putting the rally back on a firm footing. Putting the finishing touches on the rally, the volume on the NYSE shot up 41%, while the Nasdaq's increased 27%-- a clear sign of institutional buying. Now Friday was quadruple witching, so that probably cranked up the volume somewhat. Last week marked the last throes of the interest rate debate created by the European Central Bank's hike in interest rates the week before, and the futures market now shows only a 12% chance of an interest rate increase, down from 24% on Thursday. Meanwhile, many leading stocks were back in the thick of things. Next week is fairly quiet in terms of economic news, with the housing starts/building permits up on Tuesday morning, crude oil inventories Wednesday morning, and initial jobless claims, the Philadelphia Fed and leading economic indicators on Thursday morning. FEATURED STOCK PICK HIGHLIGHTS: Last week saw a lot of our stock picks break out. Terra Nitrogen (TNH), of course, took top honors, breaking out on Thursday, and bolting $11.52 above our buy point in just 2 days. Barnes Group (B) also broke out Thursday and is up handily. MGM Mirage waited until Friday to break out and looks like it's aiming still higher. Then there were Intercontinental Exchange (ICE), Research In Motion (RIMM), CBOT Group (BOT), Blue Coat Systems (BCSI) and others, which were also gobbling up gains. Meanwhile most of the reversal stocks we've been mentioning are also heading back up into position and a number of leaders look ready to burst their confines next week. |
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| keywords: stock picks day trade stock picks - 1dayhold | ||||
| Article Source: http://interpret.co.za | ||||
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