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

6 Buys Breaking Near 52-Week Highs

NEW YORK ( TheStreet) -- In today's market, investors must be willing to adapt or die. In fact I can probably drop the first part of that sentence and say simply, "investors must be willing to adapt or die," because the markets have always progressed. Sometimes slowly, and sometimes quickly, but the participants have not changed.

Take my trading approach as an example. While I am generally known for my aggressive shorting, I am trading to the long side more than ever.

There is a common saying that I imagine goes back to the creation of the Fed. Never fight God or the Fed. We knew QE3 was coming long before it was announced. How did we know? Because there is another common saying, "There are no coincidences on Wall Street."

If it's true that there are no coincidences on Wall Street (I believe it's true), we can safely assume that it's not a coincidence the S&P 500 ETF (SPY) moved higher in front of the QE3 announcement.

Take a look at SPY's chart and look at the beginning of the media coverage about a possible QE3. If you believe the SPY increasing is no more than a coincidence in the face of higher unemployment, higher deficit spending, European woes and a Chinese slowdown, I know a guy who will sell you a bridge in San Francisco.

So, for now I'm not going to fight the Fed and I will continue to focus my attention toward stocks that hold the ability to maximize shareholder returns inside the current environment. In Six Buys Near 52-Week Highs I provided six stocks that as a group are up strongly. The one and only stock that didn't climb is Sirius XM Radio (SIRI) , but after allowing for my suggestion to wait for dips and entering a covered call strategy, it's a winner too.
1 of 7

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
AAPL $95.03 -2.90%
EBAY $24.61 -2.60%
TJX $76.91 -1.10%
XOM $88.03 -0.49%
WFC $50.41 -1.02%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs