Free Stock Picks – May Report

By: ispeculatornew
Date posted: 05.04.2008 (1:26 pm) | Write a Comment  (2 Comments)

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AIXG – Aixtron (NASDAQ)
Aixtron has announced a couple of new orders since my initial recommendation and the stock price is already up 11%. A dividend will most likely be approved at the shareholders meeting on May 14 and this should provide a boost to the stock price. Aixtron reported Q1 results last year on May 8 so they should report earnings pretty soon.

AMR – American Airlines (NYSE)
All airline stocks had a strong rally since my initial recommendation but they pulled back on Friday due to profit taking and a rise in oil prices. AMR was already close to my price target but I didn’t give a sell recommendation because I think oil is going to continue to go down short term. I think the dollar will continue to strengthen and the demand for oil is going to decrease. This should push down oil prices and help airline stocks.

CAAS – China Automotive (NASDAQ)
China Automotive reported decent results in March and the stock price initially went up but has sold off since. They are set to report Q1 results this month so I will provide an update then.

DTLK – Datalink (NASDAQ)
The stock price of Datalink has trended up since the company announced good Q1 results in April. I expect the stock price to trade flat or slightly up until they announce Q2 results.

EGHT – 8×8 Inc. (NASDAQ)
8×8 Inc. dipped quite a bit after my initial recommendation but has rebounded since. The company received an analyst upgrade in April and the company announced the availability of its business phone system at OfficeMax. 8×8 Inc. should report Q4 results this month so I will provide an update then.

MCZ – Madcatz (AMEX)
Madcatz announced a license agreement with Coffin Case “to manufacture, market, and sell cases for guitar controllers, drums and videogame accessory cases, as well as guitar straps, and other accessories, all for use with Rock Band and Guitar Hero.” The stock price saw a pretty decent surge the week after this announcement but has sold off since. The best indication of where the stock price of Madcatz is headed will come when they report fourth quarter results.

SILC – Silicom Ltd (NASDAQ)
The stock price of Silicom got punished after they reported flat earnings growth in Q1. However, I think the selling has been way overdone and SILC is a good stock to hold. I may also give a recommendation to average down at some point.

SWIR – Sierra Wireless (NASDAQ)
Sierra reported strong first quarter results and gave good guidance but has sold off since the report was announced. I think this was mainly due to people who were speculating before earnings and were going to bail regardless of results. I think the stock price will start to trend up again and I would continue to hold Sierra Wireless.

Disclaimer: I have a long position in SILC. I don’t have a position in any of the other companies mentioned.

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  1. Comment by Eve — May 14, 2008 @ 9:15 am

    CAAS is rally today.

    After 2 weeks of flat, disappointing waiting, patience really pays off.

    Good job!

  2. Comment by admin — May 14, 2008 @ 8:23 pm

    Thanks. I’m glad you held onto your shares.

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