Top 10 Rocket Stocks for This Week
I plan to start something new with this column, by offering quick-take grades on my own picks from the prior week based on how the stock performed compared to my expectations.
First is Cisco (CSCO). This earnings play reported monster results, just as predicted. Readers could have made a quick 6% in this name. Longer term, this is still a great stock and the CEO made very bullish comments in the conference call. It should be bought on any pullback.
I also recommend Ralph Lauren (RL), which reported horrible earnings and gapped down 12%.
Grade: C I also recommended Akami (AKAM) as a pure snapback play as well; due to oversold conditions plus heavy insider buying at much higher prices. Investors could have made a nice 5%.
Grade: B Dynegy (DYN) reported good earnings, but investors still hammered the stock; it was an earnings play but the stock is down 3% since I recommended it.
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