Possible Bounce Plays for Friday
Source: http://thestockmasters.com/bounce-plays-062708.htmlPosted on Friday, June 27th, 2008 | In Current Market News, Stocks to Watch
NotableCalls has a list of solid companies out this morning that have been kicked hard in the gut and could bounce back sooner than later. The Masters agree with lineup, so let’s get to it Bruce.
Bounce time?
Very little to report today. I generally feel the market is due for a bounce here. I see some hot shot market commentators throwing in the towel this AM, which leads me to believe we are pretty close to a bottom.
- PetroBras (NYSE:PBR) is getting positive comments from Deutsche Bank this morning with the firm upping their tgt to $95. The stock is also being added to Morgan Stanley’s Model Portfolio. Worth a look.
- Research in Motion (NASDAQ:RIMM) is trading down again, now hovering just below $120 level in pre mkt trading. CSFB was out with a init call on RIMM last night (Underperform; 100 tgt). I hear it’s a boring 66pg read. RIMM now looks like a solid bounce play here.
- I also like General Elec (NYSE:GE), Boeing (NYSE:BA) and Rokwell (NYSE:ROK) here as bounce plays. The last one has been absolutely destroyed here on a rather expected profit warning. I feel we may get some valuation based upgrades soon.
Fyi,
NC
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