Posted on Wednesday, February 8th, 2012 | In Current Market News, Stocks to Watch
Zacks highlights commentary from People and Picks Member «inthemoneystocks».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Chinese Stocks Heat Up
Chinese stocks are flourishing today after the Shanghai Index jumped to 2347.53, +57.04 (+2.43%). This pop set the China solar stocks on fire with Trina Solar Limited (ADR) (TSL) trading at $9.00, +0.80 (+9.76%). Others like JA Solar Holdings Co., Ltd. (ADR) (JASO) and Suntech Power Holdings Co., Ltd. (ADR) (STP) are also having a big day.
Some Chinese small caps are still at or near their 52 week lows despite the market rally in January 2012. These are catching fire. Sino Clean Energy Inc. (SCEI) is surging today, trading at $1.44, +0.09 (+6.67%).
The key is to look for Chinese stocks that are still trading at or near their chart lows. These may be the next explosive movers. There are not many stocks that are still cheap in this market, and speculative money is searching for the next big mover. Any small cap trading near its lows is a candidate, especially Chinese plays.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870
Follow us on Twitter: http://www.twitter.com/PeopleAndPicks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867.
JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
SUNTECH PWR HLD (STP): Free Stock Analysis Report
TRINA SOLAR LTD (TSL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries