Rocket Stock for the Week
Last week, a historically slow time on Wall Street brought substantially lower volume to the major indices throughout the shortened holiday trading week.
Given the lack of earnings and political catalysts during this period, it is particularly tough for day-traders to try and game market volatility. In situations like that, it is best to do nothing.
That said, there is an interesting opportunity for nimble investors:
Monsanto
(MON)
, which reports earnings on Jan. 7.
To read more,
.
Know What You Own: Monsanto operates in the agriculture chemical industry. Other companies in this space include Potash (POT) , Mosaic (MOS) and Agrium (AGU) .
At the time of publication, Altucher and/or his fund had no positions, although positions may change at any time.
James Altucher is president of
TheStreet Recommends
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
Financial Times
and the author of
Trade Like a Hedge Fund
,
Trade Like Warren Buffett
and
SuperCa$h
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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