30 Stocks for This Week: Investment and Trading Opportunities

Last week 17 stocks made the cut and this week's list of 30 stocks is the most we have seen on a list since April. There are several intriguing trade candidates on this week's list.  Biotech/drug manufacturing remains a hot, speculative industry.  This should come as no surprise as healthcare continues to perform strongly relative to other industries. A comparison of the 3 month performance of XLV (SPDR Health Care ETF) to the S&P 500 is below. XLV is also a top 3 selection in my US Sector ETF Portfolio for June due to its relative strength compared to other sectors:




Multiple stocks on this week's list were on previous lists, a bullish sign for these individual stocks that accumulation continues.  Caribou (CBOU), GT Solar (SOLR), which was featured in my June 3rd update, EasyLink Services (ESIC), Pharmacyclics (PCYC) and SciClone Pharmaceuticals (SCLN), featured in the May 17th list, are all repeat stocks appearing on this week's list.

While I track the overall weekly performance of each list, my objective is not to purchase or recommend every stock on the list.  The primary objective is to identify stocks that are either short-term trades or long-term investments.  GT Solar looked like a candidate for both a trade and investment, which was why it was featured on June 3rd. PriceSmart (PSMT) was featured in my 5/6/11 list and had volatile price action in subsequent weeks. After waiting for PSMT to form a wedge pattern, I initiated a long position, betting on a breakout. I like the long-term growth prospects of PSMT and technicals; however, my long position was not initiated until over a month after it appeared on my "Stocks to Watch This Week" list.