TheStreet.com Power Stock Rankings
12/26/07 - 10:40 AM EST
Patrick Schultz
During the week of Dec. 17, TheStreet.com readers searched for the following 10 stocks more than any others. Research associate Patrick Schultz makes the buy, sell or hold call on them below, in the order of their popularity. This week, new entrant National City(NCC Quote - Cramer on NCC - Stock Picks) joins the list as investors seek answers to what drove the stock's recent price swoon.
1. Research In Motion(RIMM Quote - Cramer on RIMM - Stock Picks): Slowdown? What slowdown? The bears were all over this name as they spread rumors of RIMM being hurt by weakness from financial companies. How wrong were they? The Blackberry maker issued a remarkable earnings report that included a doubling of net income and raising of forward guidance. I was cautious coming into the company's earnings report, but the impressive numbers have knocked me back into line. -- BUY
2. Washington Mutual(WM Quote - Cramer on WM - Stock Picks): Do you have nightmares about this stock? If you own it or bought it anytime recently, you should not be sleeping well. Don't bottom-fish here. -- SELL
3. Garmin(GRMN Quote - Cramer on GRMN - Stock Picks): This is a tough call. I think that this GPS-device maker will have a monster quarter because of strong holiday sales, but I think its time in the sun is passing quickly. From a big-picture standpoint, I think the fundamentals of the company's business model are flawed. I am not sure when, but this company is going to see a huge secular decline in demand as cheaper competing technologies vie for its market. -- HOLD
4. Banc of America(BAC Quote - Cramer on BAC - Stock Picks): The financial sector remains ugly. I can't help but think that more bad news is coming. We are closer to the end of this morass, but there's no reason to be a martyr here. -- SELL
5. National City(NCC Quote - Cramer on NCC - Stock Picks): Here is the perfect example of why financials should be avoided. The company issued an 8-K filing that discussed the continued deterioration in credit markets. Stay away. Are we clear? -- SELL
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