Rocket Stocks for the Week
James Altucher
01/12/09 - 05:14 PM EST
Updated from 12:06 p.m. EST
As the major indices pulled back from technically overbought conditions, negative earnings forecasts from
Wal-Mart(WMT) and
Intel(INTC) and weak same-store-sales data from various retailers fueled the basis downward this week.
That said, there are still plenty of opportunities for nimble traders in this week's
Rocket Stocks portfolio (including
Linear Technology (LLTC)).
Fortunately,
last week's Rocket Stocks portfolio was a massive outperformance for readers as our two long ideas,
Family Dollar(FDO) and
Robbins & Myers(RBN), surprised to the upside, and our short idea,
Acuity Brands(AYI), lowered guidance and reported weak sales.
To read more,
visit Stockpickr.com.
In Monday trading, Linear Technology closed at $21.69 per share (down 1.9% year-to-date).