MoneyMiser Picks

Well, that worked.

LEH, up nicely. Too bad I didn't buy Monday, but for some reason whenever I try to log into Marketrocracy during the day, I can't get in.

Well, time to take profits, and dump LEH at the opeb, C at $21.00, and GS if it hits $180. I believe all of these stock have some upside to them, but I am not certain how long that bullish sentiment will last (probably until after 11:30 a.m. on Thursday). So I'm taking my profits and running.

Running into Morgan Stanley. The fall of Bear Stearns (God help those poor employees) means great things for Morgan Stanley, as Guy Adami pointed out on CNBC's Fast Money Tuesday night. MS competes with Goldman Sachs for best investment bank status, and they should get a longer "short-term" bounce when MS reports before the bell Wednesday morning. Either way, this is a one day trade for me here. Bob and weave.

VISA IPO has me all geeked up (technical term). Larger than Mastercard, and they priced above the range!!! Some predict a 10% positive move once the stock hits the street Wednesday morning. I'm a bit more optimistic. I forsee $60 per share by mid-April. Mastercard may fall a bit because of it, or more likely American Express and Discover Card will get schlacked even more. I raised cash sellng some losers Tuesday morning into the rally specifically so I could put down a $150,000 bet on VISA. This will make VISA the largest part of my portfolio. I missed out on Mastercard, I'm not going to miss out on VISA, and I think a lot of other people will have similar thoughts, and bid up the stock big time.

CSCO needs to keep chugging along. My patience in it, AAPL, INTC, and MSFT are finally starting to pay off. I'll take slow gains, as long they remain overall bullish.

TSO showed signs of life today, as I predicted for a while now. I think it's a hold for the amount I have invested in it, until at least May.

YUM continues to stay yummy. China must feel like chicken every night. YUM's foreign growth numbers are spectacular. Hopefully they continue the strong story.

BUD on the other hand fizzled. Up less than 1% on a day like today is very disappointing. I'm seriously thinking about dumping it, and finding something else to pu the money into (for the purposes of this game only).

GLD is an intersting story. Jeff Macke advised dumping it as a trade on Fast Money. I'm not sure that's such a good idea, given the devaluing of the dollar that the fed rate cut will cause once things settle down. I'm not certain how high Gold will get, but I think GLD is a buy on dips. Still love Macke though.

AMAT got an upgrade today. Caris & Company cited thin film solar profits for boosting their taget price to $27, and moving to a buy. I'm starting a position.

Also interesting, UBS upgraded CSX to a buy from neutral. UBS placed a $66 price target on it. CSX set a new 52 week high today, and profit taking was going on after-hours. I'm keeping an eye on it. Railroad stocks may be overdone in the short-term.

Comments: View Comments |  Tuesday March 18, 2008