Investing Opinion

TSC Power Stocks: Chesapeake Energy

 

During the week of July 28, TheStreet.com readers searched for the following 10 stocks more than any others. This week, the financial sector dominates the list as investors seek answers to their questions about the sector's recent price action. Each week, I make the Buy, Sell or Hold call on them below, in the order of their popularity.

1. Sirius Satellite Radio(SIRI): The post-merger trading in shares of Sirius was brutal. The stock collapsed on the back of an offering priced at a lowly $1.50. However, management states that the company is now fully funded and will not need new capital raises, so maybe there is light at the end of tunnel. Maybe. The ride has been awful, but there is now limited downside to the stock. I would get over the feeling of nausea that I share with you and hold your shares. -- HOLD

Top 10 Most-Searched Stocks on TheStreet.com

2. Apple(AAPL): Apple is entering a period in which it lacks upside catalysts. The iPhone 3G is out. Earnings have been reported. The great and fantastic story of the House of Jobs is known. Now what? What to do with Apple? Take a look at the chart and trade the stock. Use weakness to buy and strength to sell. -- BUY

3. Chesapeake Energy(CHK): Across the board, great values are being created in the natural gas sector. The stocks got walloped as natural gas futures collapsed from over $13 to $9 and change recently.

Natural gas is not going away. In fact, we will be using a lot more of it in the future because it's a clean-burning fuel that is abundant here in the U.S. CHK is down more than 30% in just a few weeks on no change in its fundamental outlook. I want to be a buyer, right here, right now. -- BUY

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