Beat the Street
TheStreet.com Power Stock Rankings: March 18
03/18/08 - 07:58 AM EDT
During the week of March 10, TheStreet.com readers searched for these 10 stocks more than any others. Each week, research associate Patrick Schultz makes the Buy, Sell or Hold call on them below, in the order of their popularity. This week's rankings show just two sells -- Bear StearnsBSC and Thornburg MortgageTMA. 1. AppleAAPL: Although Apple shares might be held down short-term because of the financial morass we are in, don't forget that John Doerr from Kleiner Perkins said a couple of weeks ago that the iPhone opportunity is "bigger than the PC." I I demanded then and still beseech you now to burn what he said into your brain. -- BUY
2. CitigroupC: Do you get the same stomach-churning revulsion as I do when you type up the ticker of Citigroup? Ugh, what a mess. I am tempted to just throw in the towel and curse the dynamic duo of Prince and Pandit for the rest of my life. But, throughout the history of trading (both investing history and personally), that charming feeling of nausea has meant we are very close to a bottom. Let's take some Dramamine for our equity nausea and hang on for a choppy ride. -- BUY
Top Ten Most Searched Stocks on TheStreet.com |
4. Bear Stearns: To call this stock a disaster would be the understatement of the year. With the stock trading over $170 in early 2007 and over $60 last Monday, it would have been unfathomable to think that BSC would agree to sell themselves in a "take under" acquisition for only $2 per share. Well, the rampage of bad mortgages and the demons of financial chicanery take no prisoners. Bear Stearns is the first big victim, and probably not the last. --- SELL
5. Goldman SachsGS: Last week, we said it was a "crucial juncture for the not-so-golden-lately child" of Wall Street, and it needed to be watched closely. Unfortunately, for bulls on GS, it did not take a turn in their favor. GS tested the August 2007 lows in the mid $150s, and failed miserably. Goldman is reporting earnings this week, and I would not make any trade until that report is digested. -- HOLD
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