Lululemon Athletica (LULU) – 06-30-2010
LULU, home of the milfs. I never liked them much as a brand, but just like Crocs, they have their niche. It’s at an interesting point with a lot of potential downside.
MGM Resorts (MGM) – 06-30-2010
Is anyone going to Vegas nowadays? Actually, I think I am soon, but that’s beside the point. I’m bearish on this whole group right now, but MGM is my current favorite. It’s a bit overextended now, but you could look into WYNN, LVS, etc. too and pick the best looking one whenever you’re actually opening your position. I am hoping for another weak attempt at a rally to give some better short points, but I have doubts that the bulls can muster any more strength.
Research in Motion (RIMM) – 06-30-2010
Another big name, RIMM. I don’t see their business being in a very strong position with all the competition out there now, so this could be a decent short look. It’s kind of overextended already (already 10%), but it’s something to watch for entry points in the near future.
BP Amoco (BP) – 06-30-2010
BP has been getting absolutely destroyed in the wake of their gulf coast disaster. I wouldn’t try to buy it now, but thinking ahead, if the market decides $1150 really was support this could be interesting given its strength on a bad day. Most likely the play would be if it gets over $32.50 or something in conjunction with that marketwide bounce.
Baidu (BIDU) – 04-29-2010
Yeah, I know, I talked about BIDU 2 months ago. A lot has changed since then. The stock went from $500 to $700, the P/E doubled, and the breakouts are getting weaker. I’m not going to call a collapse, but it’s one to keep an eye on with GOOG looking weak recently, people predicting a China real estate bubble popping, and the general market not giving me a whole lot of warm fuzzies right now. Don’t try to fade it, since stocks like this easily could run to $900 before they collapse, but a confirmed pullback could be a profitable thing on this one.
Tupperware (TUP) – 04-28-2010
Tupperware. Not the most exciting company or stock, but the chart is getting to an interesting point. The breakout on solid earnings was a nice move, and not retreating back under support in the recent downturn is also a positive. I don’t think I’d keep it for long, but there are some nice potential swing trades or options plays if support continues to hold here.