This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stocks Ready to Slingshot Higher

BALTIMORE ( Stockpickr) -- What do taxes in Spain have to do with your portfolio this morning? More than you may think.

Spain is in the crosshairs this morning, after Prime Minister Mariano Rajoy announced 65 billion euros of spending cuts and tax hikes to try to calm anxious traders. Spain's 10-year bonds have been flirting with 7% yields, a cost level that makes it nearly impossible for the Kingdom to keep up with its debt load. And if Spain can't pay those bills, the eurozone (and anything with financial connections to it) could be in serious trouble.

That's why the decisions being made in Madrid are impacting your stocks stateside this morning.

>>5 Stocks With Huge Insider Buying

And this morning's announcement is being absorbed favorably at this point. As I write this morning, the S&P 500 is pointed moderately higher. Of course, stocks were pointed higher on Tuesday morning too, before reversing lower for a 0.81% value haircut in the S&P by the closing bell.

Despite what may seem like tumultuous market conditions, stocks have actually been behaving pretty orderly this summer. While volatility has clearly increased in the last month (in spite of readings in the VIX Index), the bounce higher that started in June has been well defined and obedient to the technicals.

Right now, it looks like "up" is the likeliest direction for the S&P for the rest of the summer. Today, we'll take a technical look at five big names that could benefit most from it.

>>ACTIVE STOCK TRADERS: Check out Stockpickr's special offer for Real Money, headlined by Jim Cramer, now!

If you're new to technical analysis, here's the executive summary:

Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.

Every week, we take an in-depth look at big names that are telling important technical stories. Here's this week's look at the technicals of five high-volume stocks ready to move higher.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AGN $216.56 0.00%
ARNA $1.72 0.00%
MU $10.75 0.00%
PPG $110.39 0.00%
SLB $80.34 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs