Friday, April 29, 2011

Five Stocks added to Watchlist

Over the last week we added 5 stocks to the PFG WatchList. They come from varying sectors, but all have solid charts and fundamentals to back the move to our list of potential buy candidates heading into next week.

  1. Ion Geophysical (IO) - Offers seismic imaging to help energy companies find more oil and natural gas underground. Makes a lot of sense with oil above $110/barrel.
  2. Canadian Imperial Bank (CM) - A lower risk way to play the financials with a big dividend of 4.2%. (Note: we did buy shares of CM for several clients this week.)
  3. Marketaxess Holdings (MKTX) - Offers trading platforms for fixed income products based around the globe. Finding support on a pullback after touching a fresh all-time high.
  4. Clean Harbors (CLH) - The environmental waste company has it hands in traditional waste management as well as cleanup efforts for spills, etc. Trying to breakout of a base on support - great chart setup.
  5. Verifone Systems (PAY) - Electronic payment firm that has been on a tear for over 2 years recently hit an all-time high and is now consolidating, offering a buying opportunity.

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