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  • Long and Short Ideas for April 15th 0 comments
    Apr 15, 2011 10:40 AM | about stocks: AIG, NOK, KODK, PHM, WY, CREE, TLAB, ODP

    This week's stocks are from NakedValue and include American International Group (NYSE:AIG), Nokia Corporation (NYSE:NOK), Eastman Kodak (EK), PulteGroup, Inc (NYSE:PHM), Weyerhaeuser Company (NYSE:WY), Cree Inc (NASDAQ:CREE), Tellabs, Inc (NASDAQ:TLAB), Office Depot, Inc (NYSE:ODP)

    Stock No. of
    % Win
    % Win
    % Win
    Average Return
    Per Trade (> 5 day)
    AIG 73 45 53 60 3.7
    NOK 70 47 43 48 6.5
    EK 37 60 56 62 4.6
    PHM 363 63 59 61 4.8
    WY 45 39 57 61 4.8
    CREE 93 52 55 68 4.2
    TLAB 109 50 50 59 4.2
    ODP 309 35 42 52 2.9

    The five day outlook is relatively bullish with an average 59% probability for a higher close next week. Only Nokia (NOK) and Office Depot (ODP) offer a coin flip probability for a higher close.

    The projection for the next couple of days is relatively muted. Eastman Kodak (EK) and PulteGroup (PHM) offer probabilities above 60% for a higher close today. While Office Depot (ODP) and Weyehaeuser (WY) have a 65% and 61% probability of a lower close today.

    While the short term outlook is relatively bright, the long term outlook is a little more gloomy. Ironically, Nokia (NOK) offered the best long term performance; 65% winning trades with an Average Return Per Trade of 6.5% (Average Return Per Trade assumes an initial stop of 10%, raised to 5% off the price reached on a 15% gain. Ultimate Profit Target of 25%). But there are no real standouts.
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