Beat the Street
TheStreet.com Power Stock Rankings: April 1
04/01/08 - 07:09 AM EDT
9. Goldman SachsGS: Last week, I said to wait for a pullback below $170 after a 40% run -- and here we are. It is time to start buying back into the Golden Child. But don't even for a second think that the volatility in Goldman will abate. Headline worries and political sniper fire will keep the shares trading in a wide range. However, if you recognize the market's current tendencies for wild swings, then you can play it to your advantage. The key is to widen the scale of your buy orders (limit orders, of course!). Pick at some here and wait for a price level in the $150s for the next tranche. -- BUY
10. EMC EMC -- The fate of EMC lies with the performance of VMWare VMW. Recent estimate cuts at majority-owned VMWare are putting downward pressure on EMC shares. The blowup of VMWare's stock in late January is putting fears of a repeat announcement coming up. I want to see another quarterly report for VMWare before putting fresh money into the name. -- HOLD
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