Rocket Stocks for the Week
Updated from 7:01 a.m. EST
After a historic 1,200-point rally last week, investors and traders alike should approach this week with caution.
Value plus snapback potential equals opportunity. Every week, I share my snapback ideas in my Rockets Stocks portfolio. Even after last week's move, this week's
offers some very interesting snapback ideas, including
Enzon
(ENZN)
and
Foster Wheeler
(FWLT)
.
To read more,
.
At the time of publication, Altucher and/or his fund was long Arch Coal, Cliffs and Foster Wheeler, 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
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;
to send him an email.
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