Trade of the Day Updates: New Buy Unders, Targets

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Due to the possibility of more volatility in the market, in the table below I have summarized some of my favorite Trade of the Day ideas of the past month or so. I’ve also included new buy under and target prices, and traders should adjust their positions accordingly.

Some recommendations, such as Analog Devices, Inc. (ADI), Citrix Systems, Inc. (CTXS) and Gilead Sciences, Inc. (GILD), may be very volatile in a descending market and are therefore unsuitable for certain investors. However, I’ve tried to narrow the selections and their prices to the risk levels appropriate for the majority of readers.

I believe the current market has limited downside, but I could be wrong. So traders should use a stop-loss with each position. This is especially pertinent with short sales, since short sellers face potentially unlimited losses if the market turns up. Place your stop-losses no less than 5% under long executions and 5% above short positions.

Stock Buy Under Price Target Price Last Recommended
Facebook Inc (FB) $84 $100 July 6
SPDR KBW Regional Banking (ETF) (KRE) $43 $50 July 2
PowerShares QQQ Trust, Series 1 (ETF) (QQQ) $105 $114 July 1
Comcast Corporation (CMCSA) $60 $66 June 29
International Business Machines Corp. (IBM) $163 $175 June 26
iShares Dow Jones US Technology (ETF) (IYW) $100 $117 June 25
Occidental Petroleum Corporation (OXY) $75 $82 June 24
Enbridge Energy Partners, L.P. (EEP) $31 $38 June 23
Bed Bath & Beyond Inc. (BBBY)
*Short
$71 $63 June 22
Hewlett-Packard Company (HPQ) $30 $36 June 19
Citrix Systems, Inc. (CTXS)
$66 $75 June 18
Gilead Sciences, Inc. (GILD) $105 $125 June 16
iShares NASDAQ Biotechnology Index (ETF) (IBB)
$360 $400 June 15
Fifth Third Bancorp (FITB) $20 $25 June 11
KeyCorp (KEY)
$14 $20 June 10
Lincoln National Corporation (LNC) $57 $65 June 9
SPDR KBW Bank (ETF) (KBE)
$35 $42 June 8
Analog Devices, Inc. (ADI)
*Short
$67 $60 June 1

Article printed from InvestorPlace Media, https://investorplace.com/2015/07/trade-of-the-day-updates/.

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