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Archive for the ‘stock picks’ Category

Encana Corp is a natural glas player with strong fundamentals. Technically speaking the stock broke out of a 4-month flag last month on good volume and is positioned to continue further up.

My system gave me a signal at the end of october.

VIVO Participacoes (VIV) - Vivo means alive in Portuguese, and it looks like it really is so far. Good traction over the last two days. Bounced nicely from the 50am and the intraday chart shows participation on volume as well.

Laboratory Holdings (LH) - This is a fundamentally strong stock (S&P 5 stars) and they think their stock is cheap, have been buying it back. Intraday activity shows buying interest. I have a position on it and here are the original comments.

Laboratory Corp Board Approves Buyback 11/5/2007
BURLINGTON, N.C. (AP) - Clinical lab services provider Laboratory Corporation of America Holdings said Monday its board of directors approved a $500 million stock buyback program. AP

LabCorp Announces $500 Million Stock Repurchase Program 11/5/2007

Laboratory Corporation of America(R) Holdings (LabCorp(R)) (NYSE: LH) today announced that its Board of Directors has authorized a new stock repurchase program under which LabCorp may purchase up to… BusinessWire

Daily Chart

30 Minutes

American Express (AXP) - Mentioned yesterday on this blog, got a buy signal today from my system.

Johnson & Johnson (JNJ) - This huge cap looks fantastic from the Weekly View… too bad I’m undercapitalized at the moment.

Weekly Chart

Very interesting article from Investor’s Business Daily on the Brazilian economy and stocks. Read more here. Some of key topics:

• "Strong domestic demand is a main engine of growth, supported by falling interest rates, improving labor conditions and price stability," economist Alfredo Coutino said in an outlook on Brazil. "We do not foresee any major inflation problems in the short or medium term, since monetary and fiscal disciplines are expected to be maintained."
• In the past 12 months, the iShares MSCI Brazil Index (NYSE:EWZ - News) vaulted 87% vs. 16% for the iShares MSCI Mexico Index (NYSEArca:EWW - News).

  

• IShares MSCI Brazil is heavily weighted in materials at 34% of assets and energy at 22%. The state oil company, Petrobras (NYSE:PBR - News), accounts for 22%, and metals and mining giant Companhia Vale do Rio Doce (NYSE:RIO - News) is 13%. The third-largest sector, financials, takes up 16% of the portfolio.
• CVRD stands to benefit if the global iron ore industry consolidates from three to two main players, given its high leverage in iron ore, which is estimated to make up 52% of 2008 revenue, analysts said in a client note.

Here’s a list of Brazilian stocks trading on the NYSE.

Good activity so far today on AXP. The candles are indicating a possible short term reversal. In my HOT watch list.