My 'Go-To' List

 | Nov 02, 2013 | 12:30 PM EDT  | Comments
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Stock quotes in this article:

FB

,

scty

,

qihu

The market is entering the seasonally strongest period of the year, so now is a good time to identify stocks that are likely to serve as the best trading vehicles. We want names that will attract momentum money and underperforming hedge fund managers looking to make up relative performance.

I believe these three stocks will be the "go-to" names to close out the year.

Facebook (FB)

The social network had a great earnings report this week but stumbled based on comments on the call about its inability to increase the level of ads and on concerns that teens no longer find it "cool." Analysts aren't too concerned and have increased their target prices. The key is the upcoming Twitter initial public offering, which should drive interest among those unable to obtain an allocation of Twitter shares.

Source: TCNet


SolarCity (SCTY)

The solar sector has probably been the best-performing sector recently and with a strong report and price action from First Solar (FSLR) Friday, the group is likely to remain a favorite of momentum investors. SCTY exploded higher in mid-October following a substantial increase in its estimates for fiscal year 2014. The stock has rested for a couple of weeks ahead of its earnings report after the market close Nov. 6. While expectations are high, the report from FSLR bodes well for a positive reaction.

Source: TCNet


Qihoo 360 Technology (QIHU)

Although China names have been under pressure for a couple of weeks, in part due to fraud allegations against NQ Mobile (NQ), there are big-cap names that don't have that concern and offer attractive charts. Baidu (BIDU) recently put up a good report, which likely bodes well for Chinese search engine Qihoo 360 when it reports in a couple of weeks. The stock shows good relative strength and is holding on to key support.

Source: TCNet

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