During the week of May 19,
TheStreet.com readers searched for the following 10 stocks more than any others. This week saw two new entrants to the mix as
Broadwind Energy and
(NUE - Get Report) drew investors attention. As he does each week, research associate Patrick Schultz makes the Buy, Sell or Hold call on them below, in the order of their popularity.
Top Ten Most Searched Stocks on TheStreet.com
2. Petrobras (PBR - Get Report): This is the most exciting and dynamic energy company on the globe. Forget about Exxon Mobil (XOM - Get Report). Don't bore me with Chevron (CVX - Get Report). The key tell in global energy markets is now Petrobras. It seems they announce a monster oil discovery off their coast every few weeks. The recent Tupi oil field discovery will reward shareholders for generations. However, recent trading in PBR sent shares to extremely overbought levels. I want to own this company, but I will not pay anything over $67. Wait for that level if you don't own it already. -- HOLD3. Freeport McMoRan (FCX - Get Report): From now on, when I say copper you say FCX. It is the best-positioned copper play in the group, and demand for its product is through the roof. Copper goes into everything this global boom produces and demands. So, I say copper, you say... -- BUY 4. First Solar (FSLR - Get Report): This best-of-breed solar play is building a trading base in the $260-$300 range. I would use this consolidation trading to build up long positions. For the fast-trader types, buy some in the mid- to low $260s (with a tight stop below $260) and take the fast money on a run above $290. -- BUY 5. Broadwind Energy (BWEN - Get Report): This spec stock is a pure play on wind energy and has had a spectacular recent run. It is not surprising to see so much speculation in alternative energy sources given the persistent and stubborn high prices for energy. I do think BWEN is a very good speculative investment, but with three key caveats: 1) Understand that this is a very speculative stock and will have heart-stopping moves (up and down)
2) Be very price sensitive, and don't just pay any price (I like it in the $18 area).
3) This is not a buy and hold stock. Be quick to take profits or stop loss. -- HOLD