With Nividia, Cisco and EMC all reporting great results, tech is clearly the place to be. Those reports bode well for H-P. In fact, Nividia made clear on its conference call that demand for PCs has not slowed -- a trend that should directly benefit HPQ.
For the rest of this week's potential highfliers -- including AIG (AIG - Get Report), Baidu (BIDU - Get Report), NYSE Euronext (NYX), Apple (AAPL - Get Report), Boeing (BA - Get Report) and Transocean (RIG), and the analysis behind each, check out the Rocket Stocks for the Week of Aug. 13-Aug. 17 portfolio on Stockpickr.com.
To find the snapbacks and potential breakouts on a regular basis, check out these Stockpickr portfolios, which I use in my own research each week:
- Today's Hot List: This daily list is a must-view at midday each day to see what stocks are making the biggest moves and why.
- Always check the Biggest Percentage Losers, a list of stocks that lost big the day before, because they can snap back hard. When you check this list on Stockpickr, you can see which stocks are owned by the quality hedge funds and mutual funds. Pay attention to those. They will be buying at the lower prices, so you should be also.
- Biotech Short Squeezes.