Nothing harder than being given your chance. At least, that's what I hear. -- Uncle Joe from "Great Expectations" by Charles Dickens.I know it will come as a shock to most, but I am not a literary buff. While I may know precious little about literature, however, I do know Uncle Joe was certainly on the money with his statement. With great expectations in mind, here are my picks for the week.
Koor has been called the " GE ( GE) of Israel" by some commentators, and I think it can similarly be a winner for investors. From a technical perspective, I would look to buy this stock at $10.35 and sell at $14.95.
glossary for TheStreet.com's Options Alerts newsletter.)
TC Pipelines also owns a 49% general partner interest in Tuscarora Gas Transmission, which in turn owns an interstate pipeline system that originates at an interconnection point with facilities of Gas Transmission Northwest in Oregon and runs southeast through northeastern California and northwestern Nevada. Now, here comes the best part: TC Pipelines is a master limited partnership that holds a large chunk of the U.S. assets of TransCanada, the largest Canadian pipeline company. Fundamentally, TC fits
my criteria: a forward P/E of 12.7, which is lower than its ROE of 17.40%, plus free cash flow over $30 million and a minuscule debt-to-equity ratio (less than 0.1). TC trades above its 50- and 200-day moving averages, a positive technical development. And now, a quick word about some prior picks. Yahoo! (YHOO) rose over 4% last week and I sold my position on the rally. Remember, I am a trader! I lock in profits when I feel the market is volatile, as it has been lately. Pfizer (PFE) is up a hair in the past week despite a lawsuit filed last Wednesday claiming that it oversold the benefits of Lipitor and a story in The New York Times outlining the company's recent woes. I'm still bullish on this name for reasons outlined last week. Judging from some email, many readers were under the impression that I recommended buying Fannie Mae (FNM), whose shares fell hard last week on reports regulators have found more accounting fraud. In fact, I recommended deep-in-the-money calls -- the January 2007s, to be precise, after noting I didn't get filled on the January 2006s. I also wrote: "This is not the kind of stock or option I would chase, so if it doesn't come my way, so be it." I don't make excuses and I am willing to take the heat when I'm wrong, but the vitriolic finger-pointing was misplaced in this instance.