Top Rocket Stocks for Week of Nov. 19
First up is Dick's Sporting Goods (DKS), a volatile stock that is slated to report third-quarter earnings on Tuesday. Dick's is not your typical retailer, as it caterers to a wide group of consumers, specializing in everything from sports gear to mountain apparel. This broad-based product diversification has allowed Dick's to successfully weather small downturns in consumer spending.
With roughly 21 million shares short, a gigantic short position of 20%, Dick's is posed to move higher as an earnings play. For starters, estimates in the broader retail sector are so low that even the slight bits of good news could propel this stock higher. Dick's has consistently beaten earnings and offered good guidance even while the overall retail sector has been bad. I suspect the same could happen next week.
With $3.5 billion in sales and profit and operation margins slightly above industry standards, it is no wonder that super hedge fund Maverick Capital has a nice size position in Dick's.
Remember, Dick's is not your typical retailer, and thus it should not be treated like one!Next up is Hewlett-Packard (HPQ), which is set to report quarterly earnings on Monday after the market close. Trading better then the Nasdaq, H-P is a play off overall global PC demand. Recent earnings from Nividia (NVDA) and EMC (EMC) suggest that Microsoft's (MSFT) Windows Vista has sold more units than expected. Hewlett-Packard has been trading sideways ever since Goldman Sachs took it off its conviction buy list and replaced it with Dell (DELL) a few weeks ago. While Goldman still kept its buy rating on the stock, this "de-listing" from the conviction buy list gave people an unjustified reason to sell.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV