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

4 Big Stocks to Trade (or Not)

Hertz Global Holdings

Nearest Resistance: N/A
Nearest Support: $20
Catalyst: New Highs

Rental car firm Hertz Global Holdings (HTZ - Get Report) is another name that's seeing extra trading activity today because of the new highs being hit in shares. The stock is up just 2% today, but the move is putting HTZ within grabbing distance of the all-time highs Hertz put in back in 2007.

How Hertz has been making those highs is important too. The stock has been trading in a tight range since November, bouncing within an uptrending channel. That channel gives us a high-probability range for HTZ's price action. I'd recommend waiting for shares to bounce off of trend line support before trying to jump into this stock.

MGIC Investment

Nearest Resistance: $6
Nearest Support: $3.25
Catalyst: Share Offering

Shares of mortgage insurer MGIC Investment (MTG - Get Report) are down 10% this afternoon following a well-timed $1.1 billion stock and bond issuance this week. Despite today's decline, shares of MTG are still up more than 82% in the last month off the heels of a better-than-expected fourth-quarter earnings call. While the offering pulled the rug out from under the rally in shares, investors are still hanging onto the vast majority of their gains.

If they want to keep those gains, they'd be well-advised to sell now. MTG had a volatile rally into this month, and a decline could be just as swift. Today's inability to even touch yesterday's price action is telling that buyers have lost their control of shares. Now looks like a good time to be a seller.

Navistar International

Nearest Resistance: $35
Nearest Support: $27
Catalyst: Earnings Surprise

Navistar International (NAV - Get Report) surprised investors after the close yesterday with a less-worse loss than expected. The news is sending shares of the truck maker up more than 25% as I write today. While analysts expected a loss of $1.76 per share, the firm only lost $1.42. That may sound like cold comfort, but in fact the loss is a huge improvement from the same quarter a year ago -- and investors are showing their appreciation with their dollars.
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

Check Out Our Best Services for Investors

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
CIEN $18.62 0.00%
HTZ $8.33 0.00%
NAV $7.80 0.00%
MTG $6.54 0.00%
AAPL $94.02 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs