The major indices rallied toward their recent highs and bullish candidates are pretty common. I'm providing a list of stocks that are currently on my watch list. Keep in mind I haven't looked up their earnings dates yet and would not want to hold over any earnings announcements.
Stocks that look interesting: CTSH, CTXS, CVX, COP, BAX, JNJ, GD, and DVN.
NEW DIRECTIONAL CALL PLAYS
Joyg Global - JOYG - close: 59.93 change: +1.48 stop: 57.75
Why We Like It:
Commodity stocks were on the move again in spite of strength in the U.S. dollar. Shares of JOYG look poised to continue their run higher after consolidating sideways (albeit in a volatile manner) the last several days. More aggressive traders may want to consider bullish positions now. I want to see a little more confirmation so I'm suggesting a trigger to buy calls at $61.51. If triggered our first target to take profits is at $64.95. Our second target is $69.00. FYI: The Point & Figure chart's long-term target is $79.00. We do not want to hold over the early March earnings report.
Traders could use the February or April calls (I don't see any open interest in March calls). My preference is the April $65 strike.
BUY CALL APR 65.00 JQY-DM open interest=3,402 current ask $2.90
Entry on January xx at $ xx.xx <-- TRIGGER @ 61.51
Change since picked: + 0.00
Earnings Date 03/03/10 (unconfirmed)
Average Daily Volume = 2.8 million
Listed on January 19, 2010