During the week of Nov. 12, TheStreet.com readers searched for these 10 stocks more than any others. Research associate Patrick Schultz makes the buy, sell or hold call on them below, in the order of their popularity.
--- Not surprisingly, Citigroup remains the top searched ticker this week. We all could use some guidance in navigating this drama. The stock bounced nicely last week, getting as high as $37 and change, but the
downgrade Monday morning should pressure the stock. I continue to believe that the stock offers value around the $32 as long as the dividend remains intact. Citigroup management has insisted that the dividend is safe, but if that changes, look out below. --
-- I would be an aggressive buyer of John Chambers' company below $29. The stock did not meet sky-high earnings expectations and investors unduly panicked after its quarterly report --
-- The weekly Google report has a slight change. It is still the same great company. But the stock has been put on sale. Have you ever said to yourself that if Google sells off, then I would pull the trigger and get in? Lock and load. --
-- A victim of recent market weakness, Apple's decline has been dictated, dominated by overall weak-market sentiment and not by the company's still-strong fundamentals. --
-- Last week, I said Garmin was a buy and did not deserve to be down over 45% in less than a month because of its bidding war for TeleAtlas. Well, Garmin pulled its bid and saw its stock spike accordingly. I would not initiate any new positions here, as I want to see how the dust settles after this corporate tussle --
Research In Motion
-- I refer you to the notes on Google and Apple above. This great company has been hit in a tough broader market. Use the weakness to your advantage --
-- Ever look at a stock and get really scared? --
-- The best in show for alternative energy. If you think that high energy prices are here to stay then this stock is for you. Embrace your inner-hippie. --
Bank of America
-- The stock is cheap, cheap, cheap. The only problem is that it might get cheaper. I would hold on to current positions, but avoid being aggressive in any of the financial stocks right now. --
-- Last week, I said look for a dead-cat technical bounce to unload shares. You are getting that opportunity now. --
Patrick Schultz is a research associate at TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. He has previously obtained Securities licenses under the NASD's Series 7, Series 24, Series 52, and Series 63 exams and has worked in the financial markets on various trading desks in addition to trading for his own account. Schultz appreciates your feedback;
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