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
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

A Deep Post-Decline Analysis, Part 3

We've got a bunch of stocks that I would describe as "on the precipice" that could go either way. You could argue that I am being wishy-washy even labeling stocks this way, but recall that the Fed Chief does speak Tuesday and these stocks would be ripe to knock over if the testimony leaves you cold.

First up is Bank of America (BAC). The stock of BofA does not look like the regionals. It is a sink or swim moment for the bank and if Bernanke delivers I would buy some. There are a ton of retail companies that report this week, so keep in mind that the following are all at levels that could precipitate a big win or a big loss, notably Bed Bath & Beyond (BBBY), which has given you several weak reports of late, Nordstroms (JWN), which, like Toll Brothers, I felt was poorly reported on as it says it will emphasize growth in Nordstrom's lower-priced outlets, which I thought just represented good business sense. Ross Stores (ROST) and Urban Outfitters (URBN) seem hanging on by a thread, yet Ross reported a pretty darned good quarter and Urban reported a stupendous one even as some analysts detected a weakness in the Anthropologie line.

Even as I mentioned the housing-related stocks as having nice charts, two stocks I am worried about, chart-wise, are Pulte (PHM) and Toll. I don't know what gets them moving again except Bernanke, who, if he says he had to keep rates low because of fears of sequester and higher gasoline, could ignite a next leg up for two very strong stocks over the last 18 months, even if they have been exceptionally weak as of the latest trading.

With the BP trial starting today you can understand how that one certainly fits on the precipice and you would need a settlement to define the upside. Devon (DVN), on the other hand, seems poised for another breakdown. I guess anything's possible with that stock, but it did have about the worst quarter of any of the major oils when it reported last week.

Be careful of the refiners. Valero's (VLO) coming close to the edge and this group has had a remarkable run, perhaps too remarkable. I find it worrisome and it is the leader of the band.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 16,353.37 -27.04 -0.17%
S&P 500 1,897.11 +10.35 0.55%
NASDAQ 4,295.6090 +37.1710 0.87%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs