3 Stock Picks For Wednesday, February 02

Antonio Costa
updated | Author's Website

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InterDigital, Inc. (NASDAQ:IDCC) was very strong on today, as the stock closed up $1.84 on 1.3 x the normal daily volume. This is a good move for IDCC, and could be the start of a breakout move. Resistance is $51.03, which was January’s high. I’m watching the stock for the breakout move and expect it to happen soon. Once the stock breaks through, we should see a heavy increase in buying. Technically, the chart looks Bullish, with the 50 dma on top of 200 dma and MACD on top of 0. In addition, with %K line above %D line we should see the stock continue to go up.

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Electronic Arts Inc. (NASDAQ:ERTS) released better then expected numbers after Tuesday’s close. The stock is blowing up in after hours trading. On the daily chart, the stock is still facing resistance around $16.71. If the resistance is broken, we can expect a target price of $18.09.

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Rambus Inc. (NASDAQ:RMBS) showed some signs of strength, as the stock closed up $.44 on the day. I feel there will be a continuation move on Wednesday, and I’m a buyer once it breaks through Tuesday’s high of $21. From the technical chart above we can see that the stock is on a bull market as the stock is trading above both 50 day and 200 day moving average and the 50 day moving average is on top of 200 day moving average heading upwards. The daily RSI is also showing a sign of reversal, currently trading above its 50% level.  From here, the stock might run to $22 according to the way the market is acting now.

Other stocks to watch :

Earnings Announcements for Wednesday

99 CENTS Only – NDN
ACE LimitedACEActuate Corporation – BIRT
Adept Technology – ADEP
Affymetrix – AFFX
Agilysys, Inc. – AGYS
Alexandria Real Estate – ARE
Allergan – AGN
Alliance Fiber Optic Products, Inc. – AFOP
ALPHA & OMEGA SEMICONDUCTOR LT – AOSL
Alvarion – ALVR
AMERCO – UHAL
Ameriprise Financial, Inc. – AMP
Annaly Capital Management, Inc. – NLY
AOL Inc – AOL
Arrow Electronics, Inc. – ARW
Assurant, Inc. – AIZ
ATMI – ATMI
Atwood Oceanics – ATW
Avalonbay Communities – AVB
Avery Dennison Corporation – AVY
B&H Ocean Carriers Limited – BHO
Bally Technologies Inc.BYIBaltic Trading Limited – BALT
Banco de Chile – BCH
BankAtlantic Bancorp – BBX
BMC Software – BMC
Brightpoint, Inc. – CELL
Bristow Group Inc. – BRS
Brookline Bancorp – BRKL
CACI International – CACI
Cadence Design Systems – CDNS
Cadence Financial Corporation – CADE
Cameron – CAM
Capstead Mortgage Corporation – CMO
Cardiovascular Systems, Inc. – CSII
CE Franklin Ltd – CFK
Central Garden & Pet Company – CENT
CHINA RECYCLING ENERGY CORP – CREG
Cincinnati Financial Corporation – CINF
Con-Way – CNW
Concur Technologies – CNQR
Consolidated Graphics – CGX
Convergys Corporation – CVG
Credit Acceptance – CACC
CSS Industries – CSS
Cutera, Inc – CUTR
Cymer, Inc. – CYMI
Dawson Geophysical – DWSN
Doral Financial – DRL
Dun & Bradstreet Corp – DNB
Edwards Lifesciences – EW
Endwave – ENWV
Entropic Communications, Inc. – ENTR
Equity Residential – EQR
EVERCORE PARTNERS INC – EVR
Exponent – EXPO
First Federal Bancshares Arkansas – FFBH
FOX CHASE BANCORP INC NEW – FXCB
Furniture Brands – FBN
GENERAL FINANCE CORP – GFN
Genworth Financial, Inc. – GNW
Gleacher & Company, Inc. – GLCH
Green Mountain Coffee Roasters, Inc. – GMCR
GT SOLAR INTERNATIONAL INC – SOLR
Hartford Financial Services – HIG
Hospira – HSP
IAC – IACI
Infospace – INSP
INPHI CORP – IPHI
International Coal Group, Inc – ICO
Intersil Corporation – ISIL
Landmark Bancshares – LARK
Lazard Ltd – LAZ
Level 3 Communications – LVLT
Logic Devices – LOGC
LRAD Corporation – LRAD
Lubrizol – LZ
Magellan Midstream Partners L.P. – MMP
Magic Software Enterprises – MGIC
Manpower – MAN
Marathon Oil Corporation – MRO
MarketAxess Holdings Inc. – MKTX
Mastech Holdings, Inc. – MHH
Mattel – MAT
Mattson Technology – MTSN
Measurement Specialties – MEAS
MERIDIAN INTERSTATE BANCORP INC – EBSB
Meritage Homes Corporation – MTH
MERU NETWORKS INC – MERU
MITSUI & CO LTD – MITSY
MKS Instruments – MKSI
Mueller Industries Inc. – MLI
Navigant Consulting – NCI
Ness Technologies Inc – NSTC
NetLogic Microsystems, Inc. – NETL
Neustar, Inc. – NSR
New Jersey Resources – NJR
Newport Corporation – NEWP
News Corporation – NWS
Novo Nordisk A/S – NVO
Nu Skin – NUS
Old Dominion Freight Line – ODFL
Open Text – OTEX
Overland Storage, Inc. – OVRL
OXiGENE, Inc. – OXGN
Panasonic Corporation – PC
Parlux – PARL
Pathfinder Bancorp – PBHC
PATRIOT TRANSN HLDG INC – PATR
PC Connection, Inc. – PCCC
PENNANTPARK INVT CORP – PNNT
PENNYMAC MORTGAGE INVESTMENT TRUST – PMT
PokerTek, Inc. – PTEK
Pro-Dex Incorporated – PDEX
QC HLDGS INC – QCCO
QCR Holdings – QCRH
QUINSTREET INC – QNST
Ralcorp Holdings, Inc. – RAH
Regal-Beloit Corporation – RBC
Regency Centers – REG
RightNow Technologies, Inc. – RNOW
Rit Technologies Limited – RITT
Schweitzer-Mauduit InternationalSWM
Selective Insurance Group, Inc. – SIGI
SFN Group Inc. – SFN
SHUTTERFLY INC – SFLY
Silicon Graphics International Corp – SGI
Solera Holdings Inc. – SLH
Spartan Stores, Inc. – SPTN
Standard Pacific Corp. – SPF
Suncor Energy – SU
Symetra Financial Corporation – SYA
Symmetricom – SYMM
Syntroleum – SYNM
Technology Research – TRCI
Tengion, Inc. – TNGN
Tesoro Corporation – TSO
Tetra Tech – TTEK
The Hershey Company – HSY
The NASDAQ OMX Group, Inc. – NDAQ
Thermo Fisher Scientific – TMO
Thermogenesis – KOOL
THQ Inc – THQI
Time Warner Inc. – TWX
TRC Companies – TRR
Unum Group – UNM
Valence Technology – VLNC
Visa Inc. – V
Vulcan Materials – VMC
W.R. Berkley – WRB
WGL Holdings – WGL
Whirlpool Corporation – WHR
WILBER CORP – GIW
Wisconsin Energy Corporation – WEC
XATA – XATA
Yum! Brands, Inc. – YUM

New 52-week High stocks

PFE – PFIZER INC.
GE – GENERAL ELECTRIC CO
AA – ALCOA INC
XOM – EXXON MOBIL CORP
CHK – CHESAPEAKE ENERGY CORP
BIDU – Baidu Inc
EMC – EMC CORP
MTW – MANITOWOC CO INC
MEE – Massey Energy Co
GLW – CORNING INC
GENZ – Genzyme General
QCOM – QUALCOMM Incorporated
HAL – HALLIBURTON CO HLDG CO
PCX – Patriot Coal Corp
VLO – VALERO ENERGY CORP NEW
WFT – Weatherford International
TER – TERADYNE INC
UPS – UPS
TXN – TEXAS INSTRUMENTS INC
COP – ConocoPhillips
SU – SUNCOR ENERGY INC
HOLX – Hologic, Inc.
ATLS – Atlas Energy Inc
SLB – SCHLUMBERGER LTD
MRO – U S X-MARATHON GROUP
DNR – DENBURY RESOURCES INC
BX – Blackstone Group LP
CVX – Chevron
DOW – DOW CHEMICAL CO
TIBX – TIBCO Software, Inc.
MPEL – Melco Crown Adr
EP – EL PASO CORP
OXY – OCCIDENTAL PETROLEUM
ERIC – LM Ericsson Telephone
FMCN – Focus Media Hldg
TOT – Total Sa
IP – INTERNATIONAL PAPER CO
DE – DEERE & CO
WNR – WESTERN REFINING INC
WMB – WILLIAMS COS INC
TEX – TEREX CORP
TYC – TYCO INTL LTD
XLNX – Xilinx, Inc.
TSO – Tesoro Corp
SIMO – SILICON MOTION TECHN
SLM – USA EDUCATION INC
NOV – NATIONAL OILWELL INC
HST – HOST MARRIOTT CORP
IR – INGERSOLL RAND CO
LNG – Cheniere Energy Inc
CAM – Cameron Intl
MCK – MCKESSON HBOC INC
NVLS – Novellus Systems, Inc.
COF – CAPITAL ONE FNCL CORP
ENTG – Entegris, Inc.
CCJ – CAMECO CORP
STO – Statoil ASA
DVN – Devon Energy Cp
POT – POTASH CORP SASKATC
NBR – Nabors Industries Inc
HES – AMERADA HESS CORP
UBS – UBS AG
CY – Cypress Semiconductor
AFL – AFLAC INC
TEL – Tyco Electronics Ltd
KG – KING PHARMACEUTICAL
DHX – Dice Holdings Inc
NU – NORTHEAST UTILITIES
CHU – CHINA UNICOM LTD
SAP – Sap Ag
PWE – Penn West Ptrolm

Unusual volume in today’s trading session

JUNP – Juniper Group Inc.
OREX – Orexigen Therapeutics
IPWG – International Power Group Ltd.
NNBP – Nanobac Pharmaceuticals Inc.
EXPU – Expert Group, Inc.
ANR – ALPHA NATURAL RESOURCES
IDGI – Inca Designs, Inc.
MTW – MANITOWOC CO INC
GENZ – Genzyme General
DGX – QUEST DIAGNOSTICS INC
VVUS – Vivus, Inc.
UMNG – UMINING Resources Inc.
FSC – Fifth Street Finance Corp.
SDVI – Signature Devices Inc.
ATLS – Atlas Energy Inc
ENR – ENERGIZER HOLDINGS INC
SUF – SULPHCO INC
IDTI – Integrated Device T
PCAR – PACCAR Inc
CCME – China Media
ARM – ARVINMERITOR INC
FMCN – Focus Media Hldg
LXK – Lexmark Internation
SIMO – SILICON MOTION TECHN
PRXL – PAREXEL International
CNLG – Conolog Corporation
PHUN – PETROHUNTER ENERGY
AMSC – American Superconductor
AZC – AUGUSTA RESOURCE CP
RRR – RSC Holdings Inc
BAESY – BAES SYS PLC SPONS ADR
TUP – Tupperware Brands
AMCG – Amico Games Corp
DHX – Dice Holdings Inc
LFT – Longtop Financial T
TNXI – Telanetix Inc
IBNK – Integra Bank Cp
TGI – TRIUMPH GROUP INC
SEMG – Semgroup Corp
NSANY – Nissan Motor ADR
ALGT – Allegiant Travel Co
RPTP – Axonyx, Inc.
CYOU – Changyou.com Limited
ASMLF – ASML Holding NV
PTSEF – POINTS INTL LTD
ACUS – ACUSPHERE INC
ZOOG – Zoo Entertainment Inc

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples.

Don’t consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

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