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)
Per Trade (> 5 day)
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.