Thursday's Top and Bottom Picks: GERN, NVDA, IMGG, GE, BCON, PPL
PPL Corporation, Beacon Power Corporation, NVIDIA Corporation, General Electric, Geron Corporation, and Imaging3 Inc. are today's best and worst picks.
Fundamentals and technicals certainly play a part in deciding what a stock's going to be worth in the foreseeable future, but sometimes it's plain-old sentiment that matters most. With that as the backdrop, here's a look at the stock that have been voted THE most bullish and THE most bearish today. Let's start with the most bullish.
It's tough to be against the most diversified and well-shielded company in the world, so seeing General Electric Co. (GE) top the bullish list isn't a complete shocker. On the other hand, in the shadow of a 30% rally from GE since late November, topped off by a big bullish gap a few days ago, this bullish optimism on General Electric is a little late to the party.
Geron Corporation (GERN) isn't a bad bullish bet right now. It's certainly been beaten down enough to suggest value, and GERN does have a bit of an up-and-down history. To be crystal clear though, this is a speculation and not an 'investment'. Geron Corporation is not profitable, and isn't expected to be anytime soon.
And finally, though the breakout effort from small cap stock Beacon Power Corporation (BCON) petered out soon after it got rolling a few days ago, long-term investors are still interested.... and well they should. Though BCON got a little ahead of itself last week - and paid the price this week - the fact of the matter is that Beacon Power is closer to being profitable (and will post its best-ever revenue in 2011) than it's ever been before.
And the most bearish picks of the day?
As has been said more than a few times since NVIDIA Corporation (NVDA) shares overheated in early December, there's nothing wrong with the company. It's just that NVDA has run away (up 50% in January) without enough supporting results yet. As over-extended as it is, this pessimism on NVIDIA Corporation is more of a 'take profits' call than a true bearish outlook.
Unfortunately, it's not necessarily wrong to pile on a sinking ship. That's why the bearish view of PPL Corporation (PPL) isn't off-base right now. In fact, PPL appears to have just rolled over after yet-another failure to break above its key moving averages. The nail in the coffin for PPL Corporation is how the selling volume is picking up as more and more (falling) moving averages step in as resistance.
And finally, Imaging3 Inc. (IMGG) has been rated as one of today's most-bearish stock picks. Let's say it's hardly a shock. There's a long history of disappointment for IMGG owners, blazed by a long trail of non-FDA-approval of its devices despite tacit assurances that it would be achieved. Though Imaging3 Inc. shares aren't starting to unravel on a technical basis, the market has learned all too well.... the hard way.
It's tough to be against the most diversified and well-shielded company in the world, so seeing General Electric Co. (GE) top the bullish list isn't a complete shocker. On the other hand, in the shadow of a 30% rally from GE since late November, topped off by a big bullish gap a few days ago, this bullish optimism on General Electric is a little late to the party.
Geron Corporation (GERN) isn't a bad bullish bet right now. It's certainly been beaten down enough to suggest value, and GERN does have a bit of an up-and-down history. To be crystal clear though, this is a speculation and not an 'investment'. Geron Corporation is not profitable, and isn't expected to be anytime soon.
And finally, though the breakout effort from small cap stock Beacon Power Corporation (BCON) petered out soon after it got rolling a few days ago, long-term investors are still interested.... and well they should. Though BCON got a little ahead of itself last week - and paid the price this week - the fact of the matter is that Beacon Power is closer to being profitable (and will post its best-ever revenue in 2011) than it's ever been before.
And the most bearish picks of the day?
As has been said more than a few times since NVIDIA Corporation (NVDA) shares overheated in early December, there's nothing wrong with the company. It's just that NVDA has run away (up 50% in January) without enough supporting results yet. As over-extended as it is, this pessimism on NVIDIA Corporation is more of a 'take profits' call than a true bearish outlook.
Unfortunately, it's not necessarily wrong to pile on a sinking ship. That's why the bearish view of PPL Corporation (PPL) isn't off-base right now. In fact, PPL appears to have just rolled over after yet-another failure to break above its key moving averages. The nail in the coffin for PPL Corporation is how the selling volume is picking up as more and more (falling) moving averages step in as resistance.
And finally, Imaging3 Inc. (IMGG) has been rated as one of today's most-bearish stock picks. Let's say it's hardly a shock. There's a long history of disappointment for IMGG owners, blazed by a long trail of non-FDA-approval of its devices despite tacit assurances that it would be achieved. Though Imaging3 Inc. shares aren't starting to unravel on a technical basis, the market has learned all too well.... the hard way.
Bryan Murphy is a paid contributor of the SmallCap Network. Bryan Murphy's personal holdings should be disclosed above. You can also view SmallCap Network's complete disclaimer and disclosure.
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IMGG
Jan 27, 2011 12:50 PM PST
This IMGG note is terribly inaccurate. You clearly aren't following it if you think they have multiple "devices." They only have one - a HUGE one - and it only had one FDA non-approval. Now they have high-powered consulting firm and are ready to pop.
If you're advice is to wait until the stock goes up to get in, then go right ahead and wait; in the meantime, it's holding VERY strong at .15 and many longs know the outcome is up and up.
If you're advice is to wait until the stock goes up to get in, then go right ahead and wait; in the meantime, it's holding VERY strong at .15 and many longs know the outcome is up and up.
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