My Top Big-Cap Momentum Picks

 | Sep 07, 2013 | 2:00 PM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

FB

,

tsla

,

nflx

,

lnkd

,

qihu

,

yelp

,

jks

,

ua

,

sfun

,

kors

The most interesting thing about the stock market in the past month or so has been the strength of individual stocks while the indices have corrected and gone nowhere. If you have been focused on buying the momentum leaders and ignored the market-timing pundits, you have likely done well.

Good markets have a group of key leadership stocks that often tell you more about the health of the market than the indices do. In this market, the message has been that astute stock-picking is far more important than the big-picture arguments touted by the media.

The time to worry about the market is when leadership stocks start to stumble. So far, they have held up remarkably well. But if these stocks stumble along with the broader market, that indicates a change in character that requires a more defensive approach.

If we continue to see good underlying strength, most of these stocks will be good buys on dips to key support levels. The trick is to buy when upside momentum is still strong but experiencing momentary weakness. Once the trend is broken, it will take time to repair the damage.

Watch these stocks and you will have a good feel for the overall health of the market. Here are charts for my top 10 big-cap momentum picks, including the best spots for entries on pullbacks.

Facebook (FB)

Tesla (TSLA)

Netflix (NFLX)

LinkedIn (LNKD)

Qihoo 360 (QIHU)

Yelp (YELP)

JinkoSolar (JKS)

Under Armour (UA)

SouFun (SFUN)

Michael Kors (KORS)

All charts by TCNet.

Columnist Conversations

TrueCar, Inc. (TrueCar) is a data-driven online platform operating a technology infrastructure, powered by dat...
Financial Planning magazine reports that... The Internal Revenue Service is considering regulations to limit t...
MMM is rolling over. Early last week the stock began to fall out of a steep bull channel before retestin...
Higher tariffs are a sign of increased floating inventories that will be available for immediate withdrawal on...

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.