FeedPosted Jul 26th 2010 12:40PM by Louis Navellier (RSS feed)
Filed under: Exxon Mobil (XOM), Bank of America (BAC), BP p.l.c. ADS (BP), Stocks to Sell
The stock market had a pretty good run last week, with the Dow Jones gaining about 3.3%, the S&P 500 adding +3.5% and the Nasdaq tacking on +4.2%. Favorable corporate earnings from some big name stocks helped lead the charge, and gave way to new optimism for many stocks.
But don't think this means that the market is going to be smooth sailing from here on out. The bottom line is that a number of companies are still struggling, after just posting poor earnings or issuing warning signs as they approach their earnings date.
To keep you out of the worst stocks, here are 3 big name
blue chips to sell now:
Continue reading 3 Big Name Blue Chips to Sell Now
Posted Jul 20th 2010 2:15PM by Louis Navellier (RSS feed)
Filed under: Stocks to Sell

When it comes to buying inexpensive stocks, sometimes investors think that they can find bargains for just a few dollars a share. Sometimes they are right -- but other times these
penny stocks can expose your portfolio to big risk and lose you a bundle in a hurry. Here are five popular stocks under $2 a share you should avoid like the plague.
Penny stock investing tends to be riskier than investing in large cap stocks, but that doesn't mean you have to settle for losers in your quest for big penny stocks that take off. Here are five penny stock losers to avoid:
Continue reading Five Popular Penny Stocks to Sell Now
Posted Jul 19th 2010 3:00PM by Wade Hansen (RSS feed)
Filed under: Bank of America (BAC), Stocks to Sell
As Wall Street watches to see which direction the S&P 500 is going to go this week, investors in Bank of America (BAC) have already made their decision. They are sending the stock south.
Bank of America gapped down after its earnings announcement on Friday, July 16, and it is continuing to move lower this week. In fact, the stock is at its lowest level since July 2009.
If you are getting nervous about Bank of America, you are not alone. Goldman Sachs announced today that it is removing the stock from its Conviction Buy List -- citing the bank's announcement that its debit interchange fees could fall by as much as 80%. Goldman went on to say that JPMorgan Chase (JPM) looks like a better bet than Bank of America.
Continue reading Bank of America Down to Single Digits?
Posted Jul 15th 2010 1:30PM by Wade Hansen (RSS feed)
Filed under: ConocoPhillips (COP), Stocks to Buy, Stocks to Sell

On Wednesday, Investors pushed call option prices higher in the savings & loan industry and pushed put option prices higher in the electric utilities industry.
Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.
The opposite is also true. Any time a volatility skews below 1.00, it is an indication that puts are more expensive than calls.
Bullish Volatility Skews
- Hudson City Bancorp, Inc. (
HCBK)---part of the Savings & Loans industry---came in at the top with a volatility skew of 1.13. This may come as a surprise as HCBK is down -6.89 percent for the past month.
Continue reading Hudson City Tops Bullish Volatility Skews; Xcel Energy Tops Bearish
Posted Jul 14th 2010 2:00PM by Wade Hansen (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Stocks to Sell

Everybody has been wondering what was going to happen to homebuilders once the Federal government's tax credit expired at the end of April. Well, we're starting to find out, and the picture doesn't look good.
Goldman Sachs has downgraded the entire Homebuilders industry from Attractive to Neutral, dropped MDC Holdings Inc. (
MDC) from its Conviction Buy List and dropped its price targets on 10 stocks in the industry.
And really, who can blame them?
We've seen new home sales plunge from 504K in April -- right before the tax credit expired -- to 300K in May. We've also watched housing starts and applications for new building permits dry up. Plus, it is getting harder and harder for individuals to qualify for a loan.
Continue reading Goldman Sachs Slashes Ratings Across Entire Homebuilder's Industry
Posted Jul 12th 2010 3:00PM by Wade Hansen (RSS feed)
Filed under: Stocks to Sell, Northrop Grumman (NOC)
Northrop Grumman (NOC) may be a U.S. Air Force favorite, but it does not deserve a place in your portfolio right now.
Northrop announced it received an indefinite-delivery/indefinite-quantity (ID/IQ) award from the Air Force that has a potential value of $919 million collectively over 10 year. Northrop will compete to provide mission planning software systems and tools that enable warfighters to plan missions and transfer required data to aircraft avionics.
Unfortunately for Northrop, this announcement was overshadowed by Goldman Sach's announcement that it has added Northrop to its "conviction sell" list today.
Frankly, even with the announcement of this new contract, I agree with the folks at Goldman. Northrop has been in a persistent downtrend since the end of April and is continuing to form lower highs and lower lows. A temporary support level has established itself at $54, but I don't expect this level to hold up for long.
Continue reading Northrop Fails to Fly Higher
Posted Jul 3rd 2010 9:40AM by Kevin Kersten (RSS feed)
Filed under: Pfizer (PFE), AT and T (T), Nokia Corp. (NOK), Altria Group (MO), Bristol-Myers Squibb (BMY), Verizon Communications (VZ), duPont(E.I.)deNemours (DD), Lilly (Eli) (LLY), Qwest Communications Intl (Q), Politics, Stocks to Sell
Is it time to dump dividend stocks before the Bush tax cuts expire? In 2001 and 2003 Bush, passed several tax relief bills that will automatically expire at the end of 2010. Obama campaigned against the tax relief packages and many Americans may be facing a huge tax increase as the package expires.
Dividend taxation is of particular concern to investors. Under the relief packages, dividends taxes were cut to 15%, but if the package expires, dividends may be taxed as ordinary income at levels up to 39.6%.
Continue reading Are Dividend Rates About to Drop 29%?
Posted Jul 2nd 2010 3:40PM by Wade Hansen (RSS feed)
Filed under: Blockbuster Inc 'A' (BBI), Stocks to Sell

One-time home-entertainment juggernaut Blockbuster Inc. (
BBI) faces being delisted from the New York Stock Exchange.
Shares of Blockbuster -- which are currently trading at $0.18 -- have been trading well below the NYSE's price threshhold of $1 since October 2009.
The company had hoped to orchestrate a reverse stock split to bring the share price back into compliance with the Big Board, but shareholders voted the measure down yesterday.
Continue reading Blockbuster Faces NYSE Delisting
Posted Jul 1st 2010 5:50PM by Wade Hansen (RSS feed)
Filed under: Stocks to Sell
Short sellers are starting to pile on Forest Laboratories (
FRX), and the drug manufacturer may not be able to sustain the bearish weight. Short interest on Forest has jumped 410.4%, or 14,253,017 shares -- rising from a previous short-interest level of 3,473,213 shares to the current level of 17,726,230 shares -- during the past few weeks.
Based on the average trading volume for Forest, it will take short sellers 4 days to cover their short positions if they wanted to completely reverse their trades. Seeing a jump in short interest like this is a clear indication there is a growing number of traders out there who believe Forest is going to be moving lower in the near future. In fact, it shows they believe it enough to put their money where their mouth is.
Continue reading Short Sellers Piling on Forest Laboratories
Posted Jul 1st 2010 2:00PM by Wade Hansen (RSS feed)
Filed under: Stocks to Buy, Stocks to Sell

Option investors are pushing call option prices higher in the Independent Oil & Gas industry and are pushing put option prices higher in the Medical Instruments & Supplies industry today.
Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.
The opposite is also true. Any time a volatility skews below 1.00, it is an indication that puts are more expensive than calls.
Continue reading Anadarko Petroleum Tops Bullish Volatility Skews; Millipore Tops Bearish
Posted Jun 30th 2010 1:45PM by Wade Hansen (RSS feed)
Filed under: Earnings Reports, Stocks to Sell

If you are looking for a textbook downtrend, you need look no further than agricultural giant Monsanto (
MON). Since hitting a high just above $85 in early January, Monsanto has been on an uninterrupted escalator down to $45.
Unfortunately for Monsanto, today's disappointing earnings announcement is going to do nothing to help change that situation.
Monsanto announced that it only earned $0.70 per share last quarter -- compared to the $1.25 per share the company earned last year. So earnings are off by 44% while the stock price is off by 47% this year.
It looks like poor Roundup and other glyphosate-based herbicide sales are largely to blame for Monsanto's struggles. It's not that farmers and others aren't buying as much herbicide. The problem is the price of these herbicides has declined from $35 a gallon a few years ago to current levels of $8 to $11 a gallon.
Continue reading Monsanto Getting Lost in the Weeds
Posted Jun 28th 2010 4:40PM by Jeff Reeves (RSS feed)
Filed under: Pfizer (PFE), Stocks to Sell

Stocks paying dividends are in favor on Wall Street right now as investors look to insulate themselves from the recent market volatility. But what happens when these stocks actually end up losing you cash instead of protecting your portfolio?
If you're losing a significant amount of money as the share prices of your
high yield dividend stocks dive, then it may be time to pull the trigger and sell these dividend duds. After all there are a host of income friendly stocks out there, so why should you settle for one that offsets your quarterly dividends with regular losses in share price?
Continue reading Three Dividend Duds to Sell Now
Posted Jun 28th 2010 12:40PM by Elizabeth Harrow (RSS feed)
Filed under: Major Movement, Bad News, Technical Analysis, Stocks to Sell
Shares of CardioNet (BEAT) were punished Monday morning after an unfavorable decision from the Centers for Medicare and Medicaid Services (CMS). The administrative group proposed that the reimbursement rates on the technical component of mobile cardiovascular telemetry should stay carrier-priced for 2011, defying CardioNet's wishes to obtain a national reimbursement rate for the technology.
Now, CardioNet will attempt to lobby CMS during the public comment period prior to the final ruling, which is due by Nov. 1. "We will work diligently during the public comments period to request that CMS change its recommendation to one that is more beneficial to Medicare recipients who depend on" devices containing CardioNet's technology, explained CEO Joe Capper.
Continue reading CardioNet Collapses on Medicare Disappointment
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