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TheStreet.com Power Stock Rankings: March 25
03/25/08 - 09:00 AM EDT
During the week of March 17, TheStreet.com readers searched for these 10 stocks more than any others. This week, after its IPO, new entrant VisaV joins the list. Research associate Patrick Schultz makes the buy, sell or hold call on them below, in the order of their popularity. 1. VisaV The largest IPO in history came to market smoothly and profitably. The stock priced a whopping 406 million shares at $44, above its anticipated range of $37 to $42, and opened for trading at $59. Clearly, investors who got shares at the offering price should look to "lock in" some of these quick gains. What if you did not get shares at the offering price of $44? I would not chase and would wait for the enthusiasm to wane. -- SELL
2. Bear StearnsBSC: The Bear Stearns drama continues, as the company spiked on a potential increase in the takeover price from JPMorganJPM, which came to pass on Monday. With Monday's price upmove, the risk/reward is now poor. Sell this soap opera. -- SELL
Top Ten Most Searched Stocks on TheStreet.com |
4. AppleAAPL: Apple is starting to get its mojo back, and I believe the momentum will continue. The House of Jobs is down over 30% year to date, so we have plenty of upside before we even get back to previous highs. -- BUY
5. Foster WheelerFWLT: The hangover for FWLT continues from its disappointing earnings. But I find these price levels very attractive, as the demand for global infrastructure build is red-hot and will continue for years. Here is the bottom line on FWLT: Huge secular growth trend on globalization, cheap valuation and best-of-breed management make this infra play a buy. -- BUY
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