21 Stocks to Watch This Week

Below is a list of several stocks to watch this week. Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a minimum of two times relative volume on Friday, July 22nd. In addition, stocks were required to close Friday higher than the open price.

The full list with weekly performance is tracked on a spreadsheet on the right-hand side of Scott's Investments.  This week should be interesting as the debt ceiling debate continues.  I typically try to ignore the news and macro events.  However, as with last week, it will be important to follow the debt ceiling debate this week as it will impact the markets and any of the stocks mentioned in this list. 

Also, check my feed on Stocktwits and Twitter for the most current developments as I monitor these stocks throughout the week.

Metropolitan  Health Networks (MDF)

Metropolitan Health Networks operates provider services network (PSN) in the United States. Its PSN provides and arranges for medical care primarily to medicare advantage beneficiaries who participate in a medicare advantage program, as well as offers primary care physician services to non-Humana participating customers.  The company has been featured several times on Scott's Investments, most recently in June as a low PEG, high momentum stock.

The company has a $232 million market cap and currently trades at a forward P/E of 7.86 and a Price to Earnings Growth ratio of .90 and has no long-term debt.  It has a return on equity, assets, and investments all above 35%, which is rare for a company in any industry, and a 5 year average for the three ratios all above 20%.

In June the company announced it was acquiring Continucare for cash and stock, and MDF plans to issue 2.7 million shares in connection with the transaction. The market initially reacted lukewarm to the deal but since then the stock is up 17.92% for the month.  The company announces earnings August 1st, so as it reaches a 52 week high it will be interesting to hear managements comments on the CNU acquisition and see the market's reaction to earnings:

Dailly Chart courtesy of Finviz




Triumph Group (TGI) 


Triumph Group engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft components. The company operates in two segments, Aerospace Systems and Aftermarket Services.  It announced earnings on July 29th, soundly beating estimates.  It reported quarterly revenue of $845.1 million (vs. expectations of $805.4 million) and quarterly earnings of $.99/share (vs. expectations of $.85/share).

It projects 2012 earnings per share at $4.35 per diluted share.  With earnings having been reported and no near-term catalyst, the stock could still be one to continue to watch in coming weeks and months depending on the overall equity market sentiment.

Ticker	Company	Market Update	Performance (Month)	Performance (Year)
BMRN	BioMarin Pharmaceutical Inc.	Here	16.49%	42.93%
BND	Vanguard Total Bond Market ETF	Here	1.42%	4.34%
CERN	Cerner Corporation	Here	10.08%	71.54%
CFX	Colfax Corporation	Here	9.33%	109.03%
CPSI	Computer Programs & Systems Inc.	Here	18.48%	68.03%
DECK	Deckers Outdoor Corp.	Here	13.51%	95.03%
EVEP	EV Energy Partners LP	Here	32.95%	103.67%
EXPE	Expedia Inc.	Here	10.84%	41.35%
FXF	CurrencyShares Swiss Franc Trust	Here	6.14%	31.88%
FXY	CurrencyShares Japanese Yen Trust	Here	5.01%	11.82%
GIFI	Gulf Island Fabrication Inc.	Here	9.60%	93.62%
JAZZ	Jazz Pharmaceuticals, Inc.	Here	23.72%	365.17%
MDF	Metropolitan Health Networks Inc.	Here	17.92%	49.34%
NBL	Noble Energy, Inc.	Here	11.56%	49.96%
OMCL	Omnicell Inc.	Here	15.06%	38.88%
STMP	Stamps.com Inc.	Here	27.09%	76.50%
TGI	Triumph Group, Inc.	Here	9.59%	38.69%
THD	iShares MSCI Thailand Invest Mkt Index	Here	14.55%	46.30%
TRLG	True Religion Apparel Inc.	Here	17.59%	37.06%
WIW	Western Asset/Claymore Inflation- Linked Opportunities & Income Fund	Here	2.08%	5.99%
ZOLL	ZOLL Medical Corp.	Here	24.55%	163.27%

No Current Positions