Forex Minute Trade Plan – Hot Stock Tips 17/04/2014

0
137
Forex Minute Trade Plan - Hot Stock Tips 02/05/2014

Forex Minute Trade Plan - Hot Stock Tips 17/04/2014

What are Thursday’s likely movers and shakers? Here’s a breakdown of some of the potential candidates.

Stock one: Gogo Inc. (GOGO)

Gogo is a company that provides in-flight Internet connectivity and wireless in-cabin digital entertainment solutions in the United States and internationally. The increasing need to be connected to the web while in the air fundamentally places this company in a position to gain strength in the medium term, but as an intraday pick the stock looks hot on Thursday. After the markets closed on Wednesday, JP Morgan upgraded the company from neutral to overweight, with an initial upside target at 28.00, suggesting a a nearly 65% increase in the coming weeks. This upgrade suggests the stock is cheap anyway, but having traded down for the majority of the week, the pullback offers a nice discount entry at its current 16.99 price tag, with an initial intraday target of weekly highs at 18.55.

**relatedarticle**

Stock two: The Blackstone Group L.P. (BX)

The Blackstone Group is a publicly owned investment management firm. In perhaps its most well known recent deal, the organization took Hilton Hotel Group public, in what turned out to be one of the biggest IPOs of last year. Currently trading at 30.94, the stock is at the upper end of its 52 week range, but looks set to carve out fresh highs when the markets open on Thursday. Earnings are scheduled for release right before the markets open, with EPS estimated at 0.58. The company has only missed quarterly EPS expectations twice in five years, and if it stays on trend, expect some considerable intraday strength in its stock. Look for an initial upside target of weekly highs at 31.21.

Stock three: SanDisk Corp. (SNDK)

SanDisk designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products. Earlier in the week, the company was upgraded by a number of leading analyst organisations, and before today’s open it reported its latest earnings. An upside surprise in all the right areas offers an initial upside target of Wednesday highs at 77.10, and beyond that, two-weekly highs at 78.39.

To contact the reporter of this story: Samuel Rae at Samuel@forexminute.com