Saturday, January 12, 2008

Stocks for January 14, 2008

That was one rough week! Here are the stocks from the weekly list that passed at least three filters.


SymbolBB Zacks PEG SuppDem VLIBD Stock checkup
ESRX111
1A+
NOV111
1A+
FLS111
1A
GME111
1A
LIFC112
1A
SPWR111
1A
NOK111
1A-
BIDU112

A+
CF1
11
A+
CLB1
1
1A+
DE1
1
1A+
MA
111
A+
MOS1
1
1A+
NDAQ1
1
1A+
ORCL1
1
1A+
POT1
1
1A+
SWN1
2
1A+
VIP111

A+
AAPL1
2
1A
ACO1
1
1A
AG1
1
1A
AMTD111

A
AMZN1
1
1A
ARTC
12
1A
CNH1
1
1A
ESV111

A
GOOG1
1
1A
ISRG1
1
1A
JASO112

A
MATK111

A
PCLN1
1
1A
PCP1
1
1A-
RIMM1
1
1A-
WFR
11
1A-
WMB
12
1A-


This week, we see the departure of DO and TISI from the core list. CF Industries (CF) distributes fertilizers, such as ammonium nitrate and various nitrogen fertilizers. As a side note, it is interesting how many agriculture stocks have gotten on the core list of late. Could this be a fallout from ethanol manufacture?

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
AAPL10
ESRX10
GOOG10
ISRG10
LIFC10
MOS10
NDAQ10
NOK10
NOV10
PCLN10
PCP10
VIP10
BOOM9
FLS9
CLB8
CNH8
GME8
RIMM8
SPWR8
ACO8
SLB7
VMI7Div 14-Jan
BGC7
OTEX7
PSEM7
AMZN7Earn 30-Jan
KCI6
SYNA6
FTI6
LOGI6Earn 17-Jan
SXE6
AG6
DE6Div 31-Jan
JASO6Split 8-Feb
CF5


I am almost finished with one of my Christmas gifts, Financial Reckoning Day: Surviving the Soft Depression of the 21st Century by William Bonner with Addison Wiggin. The thesis of the book is:

  • The Fed can't fix every problem in the economy
  • We have spent ourselves deeply into debt, both fiscally and personally,
  • The population is getting older and will stop spending like drunken sailors,
  • In the past, this has caused protected recessions (as recently as Japan a couple of years ago).
Really cheery reading. But at least they write in an amusing and engaging way!


The scenario I described is unfolding: the Nasdaq and Dow are making a double bottom at their lows from last summer. There will be a possible penetration of these lows, a possible sucker's rally of 200-400 Dow points, and then a fall in earnest. Stay sharp and be willing to cut losses, hold cash, or go short.

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