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

5 Rocket Stocks Ready for Blastoff in July

Covidien

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

First up is medical device maker Covidien ( COV), a stock that hasn't exactly rocketed so far this year. Since the calendar flipped over to January, shares of the firm have effectively stayed flat. At the same time, the S&P 500 has posted gains approaching 18%.

But Covidien could be due for a turn of fortunes. The boost in analyst expectations in the last week is an early indication of that.

>>3 Biotech Stocks Under $10 Spiking Higher

Covidien made a bold step at the start of this month, spinning off its pharmaceuticals business into Mallinckrodt ( MNK), the unit Tyco International bought in 2000 to increase its pharma offerings. The transaction makes Covidien a pure play medical device and imaging company and should boost margins now that the massive but commodity-like generic pharmaceuticals business is off of its plate. While a swelling R&D budget has put the squeeze on margins, it should pay off in spades in 2013, particularly as compelling new technologies like the Sonicision ultrasonic dissection tool get physicians excited.

The firm's earnings call on Aug. 1 could be the catalyst Covidien needs to recover lost ground with the broad market. Investors should keep a close eye on that earnings call.
2 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

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AFL $62.33 1.30%
COV $106.71 -1.26%
CTSH $61.17 0.69%
EL $88.02 1.32%
ORLY $240.95 0.46%

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs