Updated from Jan. 20
Each week, I like to find beaten-up stocks that I believe have the potential to surge higher (or lower) in coming days due to a specific event-driven catalyst. I especially like when these stocks with near-term growth potential also qualify as solid long-term plays.
I compile my ideas in the
. Remember, each pick has a specific catalyst.
With the market down huge, there are plenty of short-term opportunities out there (including
falling about 5% over the past week, various
, such as TED spreads and low bid/cover ratios, keep on improving.
To read more,
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, 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;
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