Editor's Note:

In addition to tonight's new candidate, consider these stocks as possible trading ideas:

NTRS - shares are surging past technical resistance and its October highs.

CRK - this stock continues to underperform. Readers might want to consider bearish positions and target a drop toward the $10 area.

FEIC - shares are still drifting higher and a dip near the 10-dma might be a new entry point.

AA - After bottoming in late December shares of AA are now challenging technical resistance at their 100-dma.

CTL - a breakout past $38.00 could be a bullish entry point.


NEW BULLISH Plays

Host Hotels & Resorts - HST - close: 16.23 change: +0.37

Stop Loss: 15.45
Target(s): 17.90
Current Gain/Loss: unopened
Time Frame: up to the Feb. 14th earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
HST is a REIT focused on hotel properties. The stock has been showing strength and building on its bullish trend of higher lows. Shares just recently broke through resistance in the $15.65-16.00 zone. I am suggesting small bullish positions at the open on Monday but only if both HST and the S&P 500 index open positive. Nimble traders may want to take a different approach and wait for a dip near the rising 10-dma instead as their entry point. FYI: The Point & Figure chart for HST is bullish with a $24.00 target.

*See Entry Details Above* (Small Positions)

Suggested Position: buy HST stock @ the open

- or -

buy the Feb $16 call (HST1218B16) current ask $0.65

Annotated chart:

Entry on January xx at $ xx.xx
Earnings Date 02/14/12 (confirmed)
Average Daily Volume = 7.5 million
Listed on January 21, 2011


J.P.Morgan Chase & Co - JPM - close: 37.36 change: +0.43

Stop Loss: 35.95
Target(s): 42.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
JPM is generally considered the best-in-breed among the major U.S. banks. The stock saw a short-term dip following a disappointing revenue number when the company reported earnings on the 13th. Shares have recovered. JPM just broke out past technical resistance at its simple 200-dma on Friday.

If Greece gets a deal done with private sector investors over the weekend then it could be a big boost for the financial sector. We are suggesting bullish positions in JPM at the open on Monday but only if both JPM and the S&P 500 open positive. More conservative traders may want to wait for JPM to actually close over $38.00 before launching new positions.

If our trade is opened we'll use a stop loss at $35.95. Our multi-week target is $42.50. FYI: The Point & Figure chart for JPM is bullish with a long-term $56 target.

*See Entry Details Above*

Suggested Position: buy JPM stock @ the open

- or -

buy the Feb $38 call (JPM1218B38) current ask $0.78

- or -

buy the Mar $38 call (JPM1217C38) current ask $1.32

Annotated chart:

Entry on January xx at $ xx.xx
Earnings Date 01/13/12
Average Daily Volume = 35.2 million
Listed on January 21, 2011