Stock Bargains Left on the Table

 | Nov 13, 2013 | 3:49 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:












The nibblers couldn't take it anymore. They had a chance to buy and buy big at the very opening because of the S&P futures, but they were too cute. They figured it had to come in more.

They figured wrong.

But I am not going to bemoan what they did or didn't do.

Here's my suggestion: Every day, they leave some stocks out that can be bought or aren't up enough

For example, check Adam Feuerstein's comments on Pharmacyclics (PCYC). Given the pricing of its new drug, this stock should be up appreciably more. Johnson & Johnson (JNJ) is the company's partner, and that stock shouldn't be down at all.

Check Regeneron (REGN) down 10. It has an anti-cholesterol drug that's going to be on patent that will be wildly prescribed, given the new guidelines.

Check National Oilwell Varco (NOV), because if oil has bottomed, this one's very cheap, and Noble Energy (NBL) should be bought, too.

Or perhaps best of all look at is US Airways (LCC). It got one good day off the merger and that's all? That's insane, as next year should be even better than this year.

Each day there are some bargains because of pockets of selling. If the stories check out, you need to buy.

We all know that once the nibblers turn buyers, they aren't going to back away with prices that are turning up. What's harder to fathom is that they take their limits off at the end of the day. Which is what you are seeing on your screen into the close.

Columnist Conversations

Bonds and notes are taking it on the chin following a much better than expected jobs number. We had been tout...
if you wanted to counter Goldman's downgrade you could use the same line of reasoning that JJC has been using ...
Two days ago, I noted that Weyerhaeuser (WY) had broken channel support, and yesterday commented on the contin...
Where was Goldman Sachs when Lulu ran from the low 40s to the mid 60s? I believe they were neutral at the time...



Columnist Tweets


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.