Updated from 7:06 a.m. EDT
With multiple 200-point rallies and declines last week, this market is almost impossible to invest in for the long term. Indeed, this is a trader's market. In fact, on Wednesday alone, the
swayed from gains and losses 40-plus times in a single day. The banks, including
Bank of America
, usually are in the middle of all of this.
Each week, at Stockpickr.com, we compile our best ideas for stocks that could shoot higher in the coming week in the
. This week's portfolio includes
At the time of publication, Altucher and/or his fund was long Bank of America and Goldman Sachs, although positions may change at any time.
James Altucher is president of
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
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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