This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

20 Stocks for the Second Half

It's showtime for the financial markets this month, as every speck of speculation that has pushed floundering public companies to the top of year-to-date winners lists will be proved right or wrong on their earnings release dates.

It's not the numbers and words on paper that traders will be scrambling to ingest starting this week, as executives disgorge reports on their achievements over the past three months. No, it will be voices on the conference calls, declaring whether sales and earnings for the entire second half of the year look strong or weak.

With many hundreds of iffy stocks bid to one-year highs since the autumn lows, you can bet that companies that merely declare that their business has "stabilized" will no longer be greeted with 10% pops in the next day's trading, as they were in April and May. Investors have already wagered on stability, at minimum. At this point, only firm declarations of sunny skies and a return to 5% to 10% growth or better in the calendar third and fourth quarters will do.

If recent government reports on industrial decline and rising unemployment are accurate, the public's breathless recent move to bet on black in Wall Street's roulette wheel could be premature. But the Bush administration has so many ways to fix the wheel in its favor that bulls simply cannot be counted out.

"It's a classic battle of wind vs. tide," said one investment (and boating) veteran in an interview last week, suggesting that bears counting on ebbing economic growth are tussling with bulls attempting to sail forward on powerful gusts of government fiscal and monetary policy. Mr. P, the hedge fund manager who comments for this column anonymously from time to time, said in mid-June that he had switched from crazed bull to cautious bear. Now he's ready to go further, projecting the possibility, though by no means the certainty, of new lows for the market in the summer. An S&P 500 index at 670, he says, cannot be counted out. He is particularly concerned about the potential for labor strikes over the summer in the automobile and telecommunications industries to put a crimp in business output and consumer confidence.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
C $44.60 -2.10%
CAT $74.21 -2.80%
HD $135.07 0.39%
INTC $29.85 -0.83%
KO $45.02 0.41%


Chart of I:DJI
DOW 17,645.92 -104.99 -0.59%
S&P 500 2,051.14 -12.23 -0.59%
NASDAQ 4,727.6040 -35.62 -0.75%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs