TheStreet.com Power Stock Rankings
During the week of Nov. 19, 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.
1.
E*Trade Financial
(ETFC) - Get Report
: E*Trade is the most recent victim of the mortgage maelstrom. The company's brilliant strategy to diversify its business away from pure brokerage services has backfired, crushing current shareholders. However, speculation of a possible takeout by
Charles Schwab
(SCHW) - Get Report
or
TD Ameritrade
(AMTD) - Get Report
has buoyed the stock. However, I would not put any new money into this name, as many investors remain fearful of further losses yet to be announced. --
HOLD
2.
(GOOG) - Get Report
: I said to lock and load on this name
last week, and if you pulled the trigger, you have a nice gain of over $60. At this level, I would wait on market weakness (i.e., continual bad news from the financial or housing sector) to add to any Google position. --
BUY
3.
Apple
(AAPL) - Get Report
: Same situation as Google. Apple made a nice run last week after being a victim of recent market weakness. I see no reason to "pay up," as the market environment will offer opportunities to buy this tech stalwart at lower levels. --
BUY
4.
EMC
(EMC)
: This stock is down close to 30% in less than a month, with no change in fundamentals. I would be an aggressive buyer of the stock at these levels. --
BUY
5.
Research In Motion
(RIMM)
: I refer you to the notes on Google and Apple above. This is a great company in a tough overall market. Use weakness to your advantage. --
BUY
6.
Cisco
(CSCO) - Get Report
: Last week, I said I would be an aggressive buyer of John Chambers and company below $29. I reiterate that stance today. --
BUY
7.
Citigroup
(C) - Get Report
: Citi is such a mess that I am beginning to think the U.S. Congress looks diligent and conscientious in comparison. But the million-dollar question (more like multibillion-dollar) question is -- Does the current stock price reflect all the problems? With Citigroup management insisting that the dividend is safe, I find value at these levels. --
BUY
8.
Freeport McMoRan
(FCX) - Get Report
: Commodity plays live and die by global economic growth, and FCX reflected this sentiment last week. The base metal traded down on higher inventory levels and macroeconomic fears of a potential U.S. slowdown or recession, and so did the stock. --
HOLD
9.
Sirius Satellite Radio
(SIRI) - Get Report
: Everything hinges on federal regulatory approval for the proposed marriage with
XM Satellite
(XMSR)
. It is simply a waiting game. --
HOLD
10.
Baidu
(BIDU) - Get Report
: A steep price correction that
did not come unexpectedly. I would build back a position in this highflying China stock with any dip below $300 as the next buy level. --
BUY
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;
to send him an email.
