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I am an independent investor writing at Scott's Investments (http://www.scottsinvestments.com). My site is dedicated to discussing and publicly tracking historically successful investments strategies and sharing free investment resources. I emphasize empirical, historical, and quantitative... More
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Scott's Investments
  • 30 Stocks For This Week: Trading and Investment Opportunities 0 comments
    Jun 27, 2011 9:35 PM | about stocks: CBOU, ECYT, ESIC, MNST, INFI, OKE, PCYC, PSMT, QLIK, SCLN, GTAT, SUG, TWIN, USAP
    Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a minimum of two times relative volume on Friday, June 24th. In addition, stocks were required to close Friday higher than the open price. The full list with weekly performance is tracked on the right-hand side of Scott's Investments.
     
     

    Last week 17 stocks made the cut and this week's list of 30 stocks is the most we have seen on a list since April. There are several intriguing trade candidates on this week's list.  Biotech/drug manufacturing remains a hot, speculative industry.  This should come as no surprise as healthcare continues to perform strongly relative to other industries. A comparison of the 3 month performance of XLV (SPDR Health Care ETF) to the S&P 500 is below. XLV is also a top 3 selection in my US Sector ETF Portfolio for June due to its relative strength compared to other sectors:




    Multiple stocks on this week's list were on previous lists, a bullish sign for these individual stocks that accumulation continues.  Caribou (NASDAQ:CBOU), GT Solar (SOLR), which was featured in my June 3rd update, EasyLink Services (NASDAQ:ESIC), Pharmacyclics (NASDAQ:PCYC) and SciClone Pharmaceuticals (NASDAQ:SCLN), featured in the May 17th list, are all repeat stocks appearing on this week's list.

    While I track the overall weekly performance of each list, my objective is not to purchase or recommend every stock on the list.  The primary objective is to identify stocks that are either short-term trades or long-term investments.  GT Solar looked like a candidate for both a trade and investment, which was why it was featured on June 3rd. PriceSmart (PSMT) was featured in my 5/6/11 list and had volatile price action in subsequent weeks. After waiting for PSMT to form a wedge pattern, I initiated a long position, betting on a breakout. I like the long-term growth prospects of PSMT and technicals; however, my long position was not initiated until over a month after it appeared on my "Stocks to Watch This Week" list.
    Now you can follow me on Stocktwits and Twitter!
     
    SCLN is not without its fundamental risks, as I detailed on May 17th. However, if it is able to break through $6 it could very likely ascend to $7-8 based on its historical prices levels:
     
    Chart courtesy of Finviz
     


    Caribou Coffee is a stock that is intriguing both from a fundamental and technical perspective. It is trading near an all-time high, meaning there is no overhead resistance:
     
    From a fundamental perspective the company has improved in recent years. After suffering earnings losses from 2007-2009, the company has grown earnings in 2010 and 2011 and has no debt. In addition, it has improved its return on equity to over 46% and is projected to grow earnings this year at 77% and 21% annually over the next 5 years.  It currently trades at a price-to-earnings growth (NYSE:PEG) ratio of .39. In the short-term, a pullback to $12 would not be surprising and could serve as an entry point.
     
    For today's market update from MarketClub please click here.


    TickerCompanyIndustryPriceRelative Volume
    AIArlington Asset Investment Corp.Investment Brokerage - Regional31.885.83
    BBRGBravo Brio Restaurant Group, Inc.Restaurants23.937.83
    CBOUCaribou Coffee Company, Inc.Specialty Eateries12.9713.54
    CONNConns Inc.Electronics Stores8.833.8
    ECYTEndocyte, Inc.Drug Manufacturers - Major12.8812.3
    EEEl Paso Electric Co.Electric Utilities31.142.65
    ELGXEndologix Inc.Medical Instruments & Supplies9.155.01
    ESICEasyLink Services International CorporationInternet Service Providers5.24.42
    FTNTFortinet Inc.Computer Peripherals25.856.68
    GCOGenesco Inc.Apparel Stores51.012.57
    GHDXGenomic Health Inc.Medical Laboratories & Research28.375.93
    HANSHansen Natural CorporationBeverages - Soft Drinks78.053.21
    INFIInfinity Pharmaceuticals, Inc.Research Services7.9214.68
    IPHSInnophos Holdings IncChemicals - Major Diversified48.915.02
    KALUKaiser Aluminum CorporationAluminum52.922.39
    KWKennedy Wilson Holdings Inc.Property Management12.158.31
    LADLithia Motors Inc.Auto Dealerships19.183.18
    NYMXNymox Pharmaceutical CorporationDiagnostic Substances8.96.72
    OKEONEOK Inc.Gas Utilities73.272.47
    PCYCPharmacyclics Inc.Drug Manufacturers - Other10.113.22
    PEGAPegasystems Inc.Business Software & Services43.122.21
    PRMPRIMEDIA Inc.Publishing - Periodicals7.112.55
    QLIKQlik Technologies, Inc.Business Software & Services33.395.6
    SCLNSciClone Pharmaceuticals, Inc.Drug Manufacturers - Other5.963.09
    SOLRGT Solar International, Inc.Semiconductor - Specialized15.33.68
    SREVServiceSource International, InInformation Technology Services20.363.83
    SUGSouthern Union Co.Gas Utilities39.8516.84
    TWINTwin Disc Inc.Diversified Machinery36.695.43
    USAPUniversal Stainless & Alloy Products Inc.Steel & Iron44.52.72
    WNISchiff Nutrition International Inc.Drug Stores10.344.59
    Disclosures: Long PSMT
    Stocks: CBOU, ECYT, ESIC, MNST, INFI, OKE, PCYC, PSMT, QLIK, SCLN, GTAT, SUG, TWIN, USAP
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