Thursday’s Top Stocks From TradersWire
Almost everything I said
last night 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
(
COST |
Quote |
Chart |
News |
PowerRating) 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
(
ESRX |
Quote |
Chart |
News |
PowerRating)
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
(
MAN |
Quote |
Chart |
News |
PowerRating) and
Monster
(
MNST |
Quote |
Chart |
News |
PowerRating) will be in play.
Â
Brice