Stock Picks – June 2009

In a comment of a post last week Ronan from Invest Using Options gave us a few of his recent stock picks. This gave me the idea of starting a recurring post of stock picks from other bloggers and readers. I’ll keep these posts fairly short and list any stock picks I’ve received through email. Anyone who sends me a pick will get a link back to their blog post where they detail their reasoning. Send me an email to alex AT mytradersjournal DOT com if you want to participate and I’ll email everyone a few days before each post asking for your latest and greatest ideas. I’ll take long and short stock and ETF picks. As long as you can give a reason for your logic, I’ll include you.

I’d like to target doing this every couple of weeks, but until I get the rhythm of it down I’m not putting that in stone. If you don’t have a blog, but want to share you can still email me or you can add your latest stock picks in a comment after I post.

As of last week, Ronan expects AEM and TSM to move up soon.

Amey from The Wild Investor sent me a few LVLT, OXGN, HAL and BAC.

Zach from ZachStocks sent me two with a summary of each. You can read the full details on his links.

Short: CarMax (KMX) – High valuation and increasing competition from dealers who used to sell new cars but have recently been shut down. Low access to liquidity could make financing more difficult

Long: ReneSola (SOL) – Solar energy coming back into forefront. Renesola trades at a very low multiple compared to next year’s earnings. The call is risky as there is still more supply than demand, but the potential return could be 3 fold in the next year.

Good luck with these picks and keep the ideas coming.

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Comments (2)

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2 Comments

Comment by Jeff

I’ve been reading your blog off and on a few months. I mostly trade naked puts just as you do, my open trades are with T, FAST, COP. Thanks for the great blog
Comment by Ronan

This is a good idea. Anything that gives us the opportunity to discover new stocks that we might not otherwise have come across will always be a good thing.

I posted a short post in my blog this morning with a few company names that are releasing earnings today. I plan to do a weekly (or bi-weekly) post like this – with more detail in future posts (this mornings was just a quicky wrote up before work.

You should consider including details of companies from your Watchlist that are releasing earnings soon in these types of posts.

Thanks,

Ronan