Shake the Bushes

 | Jan 03, 2013 | 10:44 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

unxl

,

tasr

,

snfca

,

aveo

,

spwr

,

fslr

,

jaso

,

jks

Very mild profit taking was quickly digested and now buyers are shaking the bushes looking for places to put money to work. Facebook (FB), for example, is looking to breakout over the December highs and Priceline (PCLN), Google (GOOG) and some of the other big-cap names are seeing follow-through.

On the speculative scan, solar energy is the hot sector, with SunPower (SPWR), First Solar (FSLR), JA Solar (JASO) and JinkoSolar (JKS) leading the action. I'm not seeing any other major themes at the moment, but I am surprised by select strength in retail.

The big move yesterday created a lot of pressure for relative performance, which will be good for speculative names if the hot money stays active. I always focus on trying to find the hot theme or group, and I'm going to make an even greater effort to do that this year.

A few names on my radar include Uni-Pixel (UNXL), TASER International (TASR), Security National Financial (SNFCA) and the solars. I am adding a position in AVEO Pharmaceuticals (AVEO) to the Sharkfolio.

Columnist Conversations

Well this is confusing...our models were calling for a run to 2072 before a bearish reversal would be possible...
Revenue Trend Apple is one of the most remarkable companies in the world, not just because it has the largest...
HOG has topped out. The stock's twelve day winning streak is ending today with and ugly reversal. HOG o...
Seems like there was a bid underneath at the crucial 2:45 p.m. hour.. day saver? still not sure..

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.