Thursday’s Top Stocks From TradersWire

Almost everything I said


last nigh
t still holds.

I still think we’re overbought and that you should be careful with any new
longs–especially breakouts. The Nasdaq broke its 8-day winning streak,
which could be the start of a pullback–or it could remove just enough of the
overbought sentiment to set the stage for a rally. I’m not making a prediction.
We’re going into a three day weekend and trading volume will be drying up by
mid-day on Friday–remember this. Here are 4 stocks for Thursday:

Costco
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will announce earnings before the
open; the consensus is 0.42. A beat should have the stock gapping up–in which
case look for a pullback on the 5-minute chart for a good entry.

Express Scripts
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announced a 2:1 split after the close. A lot of people buy the stock on this
news, so guess waht? You should be looking at it for trading opportunities.
Again, pullback after gap-up in fiver.

The jobs number comes out at 8:30 AM ET; the consensus is
325K. I don’t see this number being blown out, but what I “see” is totally
irrelevant. If this number is really good, Manpower
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and
Monster

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will be in play.

 

Brice