Stocks to Watch for Friday

The stock scan conducted after the close on Thursday found 51 winners and 39 losers.

Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). They are ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to worst. Click on the column headers of the table below to sort the winners list.

Ticker Description Volume Close Change
DHI D.R. Horton 19,741,044 17.26 9.85%
BPOP Popular Inc 5,167,538 13.52 4.82%
TNE Tele Norte Leste Partici ADS 2,456,263 26.02 4.18%
URBN Urban Outfitters 5,294,236 29 2.68%
JBHT Hunt(J.B.)Transport 5,076,599 31.1 5.42%
ZMH Zimmer Holdings 4,461,479 78.02 1.12%
CHRW C.H. Robinson Worldwide Inc 3,521,398 55.54 2.95%
AUY Yamana Gold Inc 12,361,833 16.5 -2.48%
WCI WCI Communities 3,740,133 6.04 16.48%
CSX CSX Corp 8,780,664 48.46 1.32%
ROST Ross Stores 2,687,007 29.15 3.04%
WERN Werner Enterprises 2,179,871 20.37 4.99%
PHM Pulte Homes 22,942,198 16.35 16.58%
PTV Pactiv Corp 2,167,699 28.59 3.16%
SPLS Staples Inc 17,866,337 23.94 3.63%
LEH Lehman Brothers Holdings 21,121,777 64.05 2.25%
WHR Whirlpool Corp 2,600,602 85.03 2.82%
MAT Mattel, Inc 7,351,349 21.01 11.23%
SY Sybase Inc 1,277,090 28.25 1.88%
WFC Wells Fargo 60,211,451 34.08 3.82%
EMN Eastman Chemical 1,439,477 66.07 2.58%
DKS Dicks Sporting Goods 3,080,253 32.51 2.58%
ASBC Associated Banc-Corp 2,138,036 28.18 3.48%
SYMC Symantec Corp 27,612,931 17.93 4.81%
STI SunTrust Banks 7,913,127 68.81 4.20%
MAS Masco Corp 12,430,304 22.93 4.51%
RKH Regional Bank HOLDRS 3,305,200 137.64 2.79%
IBM Intl Business Machines Corp 8,968,202 107.11 1.60%
FL Foot Locker 1,347,483 13.69 3.57%
ARM ArvinMeritor Inc 2,569,837 13.61 2.39%
KRE SPDR KBW Regional Bank 6,786,661 38.73 3.84%
PVH Phillips-Van Heusen 1,254,559 42.07 5.94%
ZION Zions Bancorp 4,041,026 54.74 4.43%
$SPX.X S&P 500 Index   1378.37 1.68%
TER Teradyne Inc 3,685,221 11 0.86%
XRT SPDR S&P Retail 7,300,515 34 5.41%
LTD Limited Brands 5,663,700 19.07 5.82%
UAUA UAL Corp 3,053,090 37.95 5.41%
COF Capital One Financial 15,746,211 54.62 8.91%
$NDX.X Nasdaq 100 Index   1841.42 1.82%
JCP Penney (J.C.) 8,877,113 47.35 5.87%
DAL Delta Airlines Inc 3,895,700 16.82 4.15%
SHLD Sears Holding Corporation 3,314,549 110.15 5.49%
WFMI Whole Foods Market 3,972,379 39.44 1.93%
CIT CIT Group 6,594,741 27.81 6.46%
ZLC ZALE Corp 1,031,092 16.35 2.64%
JBLU JetBlue Airways 14,324,038 6.91 8.65%
JAVA Sun Microsystems Inc 13,595,589 17.44 -0.30%
ZQK Quiksilver, Inc 2,573,000 9.54 5.19%
BGP Borders Group 1,823,512 11.29 4.69%
BIG Big Lots Inc 2,828,844 17.36 7.83%
WM Washington Mutual 55,540,181 19.82 5.90%
NG Novagold Resources 591,138 11.44 -0.73%

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Are the Dow Transports defying doom and gloom?

31-trananimated.gifHave you noticed lately how quickly people’s emotions are changing day by day? Last week, it was doom and gloom and this week it’s relief that the Fed saved the day.

Everyone is glued to the financial media outlets listening to so-called experts talk about ‘this, that and the other thing’ AFTER the fact. It’s amazing.

Time is money, and your valuable time is better spent listening to what the market is saying.

While everyone is talking about the Fed, recession, unemployment, inflation, etc., something very interesting has appeared on our radar, standing out in these uncertain times: transportation.

Regular readers of our daily “Stocks to Watch” list will have noticed that companies involved in the trucking industry have been showing up on the winners list over the past few days.

Dow Theory followers should keep an eye on the Dow Transports. The index is made up of 20 companies, and four of these companies are in the Trucking Industry. If the index continues to tick up, it won’t be long before pundits and commentators latch onto this story and start quoting Dow Theory experts.

Let’s look at some recent media comments about trucking companies:

Media perception has been pretty negative towards the trucking industry, yet recent price action tells us otherwise. Bear Stearns analyst Edward Wolfe summed it up when he said, “We believe the stocks are heavily shorted, and with sentiment this poor, investors should have several opportunities to cover into weak earnings reports and 2008 guidance.”

Let’s take a look at the price action for some of the bigger trucking companies.

CLICK HERE for more Are the Dow Transports defying doom and gloom?