trade of the week posts

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Deere & Co. (DE): Bet on 'Big Green'

Deere logo"Commodity prices are surging. But rather than recommending a pure commodity play, I'm intrigued by Deere & Co. (DE), the world's largest manufacturer of lawn and farm equipment," says Dr. Melvin Pasternak.

The editor of Trade of the Week explains, "The stock not only benefits from strong commodity prices, but also more profits for farmers. And with farmers seeing fatter profits from their crops, many are taking the money and putting it into new farm equipment.

"According to the Association of Equipment Manufacturers, September sales of row-crop tractors increased by +46.9% from August, while four-wheel drive tractor sales rose +20.5%.

Continue reading Deere & Co. (DE): Bet on 'Big Green'

Gilead Sciences (GILD): Defying Gravity

Gilead Sciences (GILD) logo"Gilead Sciences (GILD) is a top-rated stock on both our fundamental and technical screens; indeed, the biotech world tends to run on its own steam, and this stock seems to by capable of defying gravity;" says Mike Turner.

The editor of Trade of the Week explains, "The company, based in Foster City, California, has just about everything that I look for in a company and, by extension, its stock.

"True, the biotech sector cannot completely ignore the broader markets, but when a fundamentally and technically strong stock like this bubbles to the surface, I do not want to ignore it.

Continue reading Gilead Sciences (GILD): Defying Gravity

United Technologies (UTX): 'Poised for Takeoff'

United Technologies (UTX) logo"My latest trading idea is United Technologies (UTX), a company that is experiencing rising sales and profits, despite the weak overall economy in the U.S.," says Melvin Pasternak.

The editor of Trade of the Week explains, "Based on solid fundamentals and technicals, I think United Technologie appears poised for take off.

"United Technologies is an industrial conglomerate that makes Pratt & Whitney jet engines, Carrier air conditioners, Sikorsky helicopters and Otis elevators. The company is the world's largest maker of elevators and air conditioners.

Continue reading United Technologies (UTX): 'Poised for Takeoff'

Brigham Exploration: 'Super-Charged' Oil Play

"I am a big fan of oil right now, as I believe it is significantly oversold. And one super-charged way to play a rise in oil is with Brigham Exploration (BEXP)," says Mike Turner.

The editor of Trade of the Week, explains, "My forecast charts -- based on time-cycle technology -- indicate that oil should move higher.

"While the overall market is down a little over -10% in this current correction, many oil companies are down -20%, -30% and some even more. Relative to the broader market, this means many of these oil companies are significantly oversold and underpriced.

Continue reading Brigham Exploration: 'Super-Charged' Oil Play

DIG this oil and gas ETF

"There is a very interesting situation developing in the oil and gas industry," says Mike Turner. In the Trade of the Week advisory, he looks at the Oil & Gas Ultra ProShares (NYSE: DIG).

"Even though global economies are not rapidly recovering (although they do seem to be on a positive upslope), and even though there seems to be a bit more supply than demand in the energy markets, oil and gas stocks continue to move higher. What's behind this move?

"Oil has become the inverse proxy to the U.S. dollar. As the dollar weakens, the price of oil is moving higher. With the burgeoning debt piling up in the U.S., the dollar looks to be under pressure to move lower for the foreseeable future.

Continue reading DIG this oil and gas ETF

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 07:31 PM

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