Every day on TheStreet.com, TheStreet Picks section rounds up the best stock ideas, with a focus on the clearest bullish and bearish takes.
Here is a snapshot of several recent investment ideas on
TheStreet Picks.
From
3 Stocks I Saw on TV (Video):
RealMoney stock chartologist Dan Fitzpatrick examines three stocks he viewed on
Fast Money and offers his technical advice. The stocks are
National Semi (NSM Quote - Cramer on NSM - Stock Picks),
ProShares Short Dow 30 (DOG Quote - Cramer on DOG - Stock Picks) and
Fluor (FLR Quote - Cramer on FLR - Stock Picks). "If you're long [Fluor], stay long," says Fitzpatrick. "Fluor ultimately moves higher."
To hear (and see) Fitzpatrick's three technical analyses, click the video player below:
From
TSC's Power Stock Rankings: Joy Global:
3. Trinity Industries (TRN Quote - Cramer on TRN - Stock Picks): The stealth wind play of the market. To most investors, Trinity is a manufacturer of railcars for the railroad industry. But, it has a rapidly growing wind energy segment that is going to be a great upside catalyst over the next few years. With the recent pop in shares, I [
TheStreet.com research associate Patrick Schultz] think investors are already beginning to view TRN as a play on wind power and not just railcars. I urge investors to continue to view TRN as a wind play.
-- BUY
To read the full article, click here.
From
Top Five Large-Cap Stocks: Hess:
We [
TheStreet.com Ratings] have rated
Hess (HES Quote - Cramer on HES - Stock Picks) a buy since August 2004 due to a variety of strengths. Propelled by price increases for natural gas, natural gas liquids and oil, the company's total revenue and non-operating income for the first quarter of fiscal 2008 rose 45% year over year. An increase in average daily production of natural gas and crude oil also contributed to the improvement. Hess also announced that its first-quarter net income more than doubled to $759 million from $370 million a year ago, again due to higher crude oil prices and increased production. Additionally, net operating income increased 84% for the first quarter.
To read the full article, click here.
For more stock ideas, don't miss the daily TheStreet Picks articles
here.
Wall Street Watch: Earnings and M&A
In addition to bullish and bearish takes on individual stocks, TheStreet Picks is also your go-to source for the latest Wall Street news via Earnings Watch and Merger & Acquisitions. Here are two recent highlights.
From
Toll Brothers Swings to Loss:
Toll Brothers (TOL Quote - Cramer on TOL - Stock Picks) swung to a second-quarter loss that was narrower than analysts expected, but new orders for the homebuilder's luxury homes remained weak as Toll remains reluctant to cut prices across the board on its inventory.
To read the full article, click here.
From
Smucker Jells $3.3 Billion Folgers Deal:
J.M. Smucker (SJM Quote - Cramer on SJM - Stock Picks) on Wednesday [June 4] said it was buying the Folgers coffee business from
Proctor & Gamble (PG Quote - Cramer on PG - Stock Picks) for $3.3 billion.
Smucker, maker of its eponymous jellies, Jif peanut butter and Pillsbury baking products, said current P&G shareholders will receive approximately 53.5% of Smucker shares and current Smucker shareholders will own approximately 46.5% of the combined company upon closing the tax-free deal in the fall. Smucker also will assume responsibility for $350 million of Folgers debt and will offer its shareholders a special $5-a-share
dividend.
"Folgers is a perfect strategic fit within our portfolio of leading and iconic North American food brands," Smucker Chairman and Co-CEO Tim Smucker said in a company statement. "Folgers will become our tenth number one brand in North America and will further enhance the high quality, great tasting, diverse product offerings that consumers expect from Smucker."
P&G Chairman and CEO A.G. Lafley said the sale fits with the company's strategy of exiting noncore businesses.
To read the full article, click here.
Other Tools and Idea Sources
On TheStreet Picks, under "Calendars," you'll find a link labeled "Conference Calls." This link will take you to
TheStreet.com's dynamic
page of quarterly company reports. This page includes archived Webcasts of real earnings conference calls that you can listen to at anytime.
TheStreet Picks also features constantly updated lists of EPS (earnings per share) estimates, a dividend stock watch list and two highlight stories from Stockpickr.
To stay up to date on TheStreet Picks, bookmark and visit
www.thestreet.com/thestreet-picks/.
TSC Staff
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