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I am an independent investor writing at Scott's Investments ( 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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  • 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, SCLNQ, 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.

    Ticker Company Industry Price Relative Volume
    AI Arlington Asset Investment Corp. Investment Brokerage - Regional 31.88 5.83
    BBRG Bravo Brio Restaurant Group, Inc. Restaurants 23.93 7.83
    CBOU Caribou Coffee Company, Inc. Specialty Eateries 12.97 13.54
    CONN Conns Inc. Electronics Stores 8.83 3.8
    ECYT Endocyte, Inc. Drug Manufacturers - Major 12.88 12.3
    EE El Paso Electric Co. Electric Utilities 31.14 2.65
    ELGX Endologix Inc. Medical Instruments & Supplies 9.15 5.01
    ESIC EasyLink Services International Corporation Internet Service Providers 5.2 4.42
    FTNT Fortinet Inc. Computer Peripherals 25.85 6.68
    GCO Genesco Inc. Apparel Stores 51.01 2.57
    GHDX Genomic Health Inc. Medical Laboratories & Research 28.37 5.93
    HANS Hansen Natural Corporation Beverages - Soft Drinks 78.05 3.21
    INFI Infinity Pharmaceuticals, Inc. Research Services 7.92 14.68
    IPHS Innophos Holdings Inc Chemicals - Major Diversified 48.91 5.02
    KALU Kaiser Aluminum Corporation Aluminum 52.92 2.39
    KW Kennedy Wilson Holdings Inc. Property Management 12.15 8.31
    LAD Lithia Motors Inc. Auto Dealerships 19.18 3.18
    NYMX Nymox Pharmaceutical Corporation Diagnostic Substances 8.9 6.72
    OKE ONEOK Inc. Gas Utilities 73.27 2.47
    PCYC Pharmacyclics Inc. Drug Manufacturers - Other 10.11 3.22
    PEGA Pegasystems Inc. Business Software & Services 43.12 2.21
    PRM PRIMEDIA Inc. Publishing - Periodicals 7.11 2.55
    QLIK Qlik Technologies, Inc. Business Software & Services 33.39 5.6
    SCLN SciClone Pharmaceuticals, Inc. Drug Manufacturers - Other 5.96 3.09
    SOLR GT Solar International, Inc. Semiconductor - Specialized 15.3 3.68
    SREV ServiceSource International, In Information Technology Services 20.36 3.83
    SUG Southern Union Co. Gas Utilities 39.85 16.84
    TWIN Twin Disc Inc. Diversified Machinery 36.69 5.43
    USAP Universal Stainless & Alloy Products Inc. Steel & Iron 44.5 2.72
    WNI Schiff Nutrition International Inc. Drug Stores 10.34 4.59
    Disclosures: Long PSMT
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