This Day On The Street
Continue to site
ADVERTISEMENT
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

Bears Hide From These Tech Stocks: 2 Buy And 3 Sell Ideas

Investors should be cautious. The company reports on March 24, and the benefits of Blackberry 10 will not be known until the quarter after.
 

Interactive Chart: Compare average analyst ratings.  Tool provided by  Kapitall . Login to access free research tools, share practice portfolios, and more. 

 

3. Zynga, Inc. ( ZNGA): Market cap at $1.98B, most recent closing price at $2.53.

Short-selling declined for Zynga, Inc. by 6.3%. Shares rallied, possibly on optimism that another social network company, Twitter, could be worth $9 billion, according to Blackrock. Investors should avoid Zynga. The company will experience devastating declines from game sales at Facebook. Facebook is releasing “graph search,” which makes games much less visible to users, unless friends happen to be active in games. Investors should be wary of Zynga shares.
 

4. First Solar, Inc. ( FSLR): Market cap at $2.43B, most recent closing price at $27.91.

FSLR shares are losing their shine after peaking at nearly $35 at the start of the year. Short-selling volume declined 14.7% between December 31 2012 and January 15 2013.

Prospects for First Solar are strong. Investors should wait for shares to settle before adding a position.
 

5. Ctrip.com International Ltd. ( CTRP): Provides travel services for hotel accommodations, airline tickets, and packaged tours in the People's Republic of China. Market cap at $2.87B, most recent closing price at $19.99.

CTRP plunged from $24 to around $20 recently, after short-sellers reduced their bearish bet. Investors should be reminded that Ctrip.com is not like Priceline ( PCLN) or Expedia ( EXPE). Shares declined after Oppenheimer said its coupon program will extend to plane tickets. A price war would substantially reduce earnings and threaten the viability of the Chinese online travel firm sector.
 

 

2 of 3

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs