Editor's Note:

In addition to tonight's new candidates, consider these stocks as possible trading ideas and watch list candidates:

(bullish ideas) URBN, URI, M, SCSS, PFCB, LPLA, PKT, IART, JACK, MCO, WDC, WFC, AIG, RHI, TXT, MOLX, SLE


NEW BULLISH Plays

Bank of New York Mellon - BK - close: 24.67 change: +0.18

Stop Loss: 23.65
Target(s): 26.75
Current Gain/Loss: unopened
Time Frame: exit prior to earnings on April 18th
New Positions: Yes, see below

Company Description

Why We Like It:
Banking stocks look poised to breakout higher from their three-week consolidation sideways. BK could lead the way with shares showing relative strength today.

I am suggesting a trigger to open bullish positions at $24.80 with a stop loss at $23.65. There is potential resistance at $26.00 but we're aiming for $26.75. That might be a bit optimistic since we need to exit prior to the April 18th earnings report.

Trigger @ $24.80

Suggested Position: buy BK stock @ (trigger)

- or -

buy the Apr $25 call (BK1221D25) current ask $0.51

Annotated chart:

Entry on April xx at $ xx.xx
Earnings Date 04/18/12 confirmed
Average Daily Volume = 8.0 million
Listed on April 03, 2011


Lithia Motors - LAD - close: 27.14 change: +0.77

Stop Loss: 25.25
Target(s): 29.75
Current Gain/Loss: unopened
Time Frame: up to its late April earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
LAD is an automobile dealership. The stock has been building on a bullish trend of higher lows. Now the stock is poised to test its recent multi-year high hit in February. I am suggesting small bullish positions if LAD can trade at $27.25 or higher. LAD could see a short squeeze. The most recent data listed short interest at 16% of the very small 19.3 million-share float.

We do want to exit prior to the late April earnings report. So far the date is unconfirmed.

Trigger @ $27.25

Suggested Position: buy LAD stock @ (trigger)

- or -

Annotated chart:

Entry on April xx at $ xx.xx
Earnings Date 04/25/12 (unconfirmed)
Average Daily Volume = 293 thousand
Listed on April 03, 2011