Stocks around the world are higher as investors hope for a resolution to the situation in Egypt. Oil prices are back below $92 per barrel. Pfizer, Archer-Daniels-Midland, UPS and ********* are rising on strong earnings, but BP shares are falling.
My top stock picks continued to break out out and/or move higher this week. Indeed, G III Apparel (GIII) broke out and blasted almost 25 1/2% on a strong earnings report, while ********* (BIDU) kept moving higher and now is over $71 above my buy point in just 15 days, not to mention Priceline.com (PCLN) which shot $7 above its secondary buy point. Meanwhile, though the market might be a little overbought at this point, there are many leading stocks that are well-positioned to break out soon.
With improving market conditions, this week saw at least 8 of my hand-picked stocks break out and many more rebound from lows. The star for the week was Priceline.com (PCLN) which blasted $21 above my buy point on strong earnings and guidance. Last week's top stock pick, Baidu (BIDU), continued to move higher, too. Meanwhile, many more stocks with strong earnings and earnings growth are setting up to break out or move higher.
12/22/09 - TheTechTrader.com - Tonight we'll take a look at the Boxer's Short List. Even though these stocks definitely look negative and are dropping in the face of a rising market there's not much risk being short. Baidu (BIDU) is down $8.57 or 2.1% for the day closing at $398.81. TheTechTrader.com/chartofday - Other stocks on Harry's chart are: ABAX, CTCM, CTCT, CYOU, EBIX, ESE, ESI , FUQI, GT, HXM, LAD, NTES, NUVA, NVEC, POOL, PRGO, PWRD, SAP, SCHN, SIGM, WMS. Distributed by Tubemogul.