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Chun Bong Lai
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  • Five Stocks to Watch This Week [Feb. 14 to Feb. 18, 2011] 0 comments
    Feb 13, 2011 11:24 PM | about stocks: NOK, MSFT, MGM, WYNN, YOKU, NFLX, AAPL, FOSL, RL, COH


    Attention: Mubarak, the President of Egypt, resigned. Stock market will definitely be up this week.
    1. Nokia Corporation (symbol: NOK)
    NOK fell 13.97% last Friday to 9.36 due to its alliance with Microsoft. Nokia announced that its smartphones will use the Microsoft’s cellphone operating system. I believe Nokia’s act is to compete with other major cellphone companies such as Apple’s iPhone and Microsoft’s Windows Phone. Investors and institutions immediately reacted and sold their Nokia shares because they feared the future of Nokia’s smartphones – that was the reason behind the huge drop on its stock price last Friday. NOK broke both the 50-day moving average and 200-day moving average on last Friday. I think Nokia stock will drop even more to 8.75 or 9.00 in the next few days and rises from there. I suggest buying NOK when it falls below 9.00 – also it is a pretty good dividend stock.
    Buy: 8.9
    Sell: 12
    2. MGM Resorts International (symbol: MGM)
    MGM will announce its earnings this Monday before the market opens. It is currently reaching its 50-day moving average – which is about 14.84; however, I think MGM will have a better earnings – which means the stock will rise. The other casino, Wynn Resorts, reported its earnings on last Friday morning. Wynn Resorts’ earnings report was better than expected due to Macau’s revenue stream; Wynn Resorts (symbol: WYNN) stock price was up 7.45% to a 52-week high of 129.10. Based on the similarity, I predict that MGM will report a better-than-expected earnings this Monday morning. MGM stock price will rise to 18.2 or so.
    Buy: 14.9
    Sell: 18.2
    3. Inc. (symbol: YOKU)
 Inc. is one of the Internet television companies in China. It allows people to view and share video contents – such as movies, dramas, and other television shows. As of right now, there are 457 million people (up 19.1% compared to 2009’s) using the Internet in China – China is a huge market for Internet. This is similar to car industry – more people in China are using cars now than in ten years ago. Inc. is similar to Netflix; therefore, it has potential to go up in the future. YOKU closed at 29.55 last Friday – which was the lowest point so far. It is good to buy such stock now and hold for long term.
    Buy: 29.5
    Sell: 38
    4. Apple Inc. (symbol: AAPL)
    Apple is growing much larger than before. Verizon starts selling Apple’s iPhone 4 (with plans) in its retail stores. This means there will be more iPhones 4 to be sold in the future. In addition to iPhone 4, Apple’s iPad is doing great too. Apple is a technology-driven company; it will develop iPhone 5 and iPad 2 in the future. This company is great and the stock is a great buy – even it hits the 52-week high.
    Buy: 340
    Sell: 365
    5. Fossil Inc. (symbol: FOSL)
    Fossil is a great buy even though it reached 52-week high last Friday. As the economy recovers from the financial crisis, more people have money to buy luxury goods. These people will buy Polo, Coach, and maybe Fossil products; therefore, the stock price for Fossil should rise in the long run. Fossil will release earnings this Tuesday. I believe this stock will rise to 87 this Tuesday. You might want to compare similar companies such as Coach (symbol: COH) and Polo Ralph Lauren Corporation (symbol: RL).
    Buy: on Monday (Feb. 14, 2011)
    Sell: on Tuesday (Feb. 15, 2011) – around 87.
    Good luck to you all.
    Please write some comments below – share your thoughts!
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