Here is a fresh list of stocks I will be keeping my eye on as of market open May 26, 2009. These are the current highest bull/bear rated stocks my screener has returned. Looks as if there is a similar trend among the gold names, perhaps factoring in a US credit downgrade. To get a detailed definition of the bull/bear components check my Bull/Bear Ratio Defined Blog post by clicking here.
OncoGenex Pharmaceuticals (OGXI) (14:0)
Merchants Bancshares (MBVT) (13:0)
Randgold Resources (GOLD) (13:0)
Compania De Minas Buenaventura (BVN) (12:0)
Market Vectors Gold Miners (GDX) (12:0)
These are the top stocks and have not received bullish ratings in the past few weeks. I would use extreme caution if planning to purchase any of these stocks and would do some extensive research before I jumped in any of them. These will certainly be on my watch list the next few trading days. I'll wait for a 7-10% pull back to purchase any of them and set a tight stop loss if I happen to purchase any of them. If I purchase any of them, I will be selling into strength.
Current Bull/Bear Ratings for many of the stocks I blog about frequently:
Visa (V) (7:3)
Caterpillar (CAT) (3:9)
Research in Motion (RIMM) (6:4)
Palm (PALM) (3:9)
Google (GOOG) (7:5)
Bank of America (BAC) (6:5)
Sirius Satellite Radio (SIRI) (1:11)
For those in the first list I will be looking to purchase call options on some of them (some do not have options).
Disclosure: Long V, CAT, PALM, GOOG, BAC, SIRI