It seems like nearly every October gives the market something to worry about, and this year it’s (again) the politicians in Washington, D.C.—statements and rumors from various leaders have been pushing and pulling the market in recent days, and there’s no reason to expect anything less in the near-term. That said, despite day-to-day (sometimes hour-to-hour) volatility, the market’s overall stance hasn’t changed much; the indexes are in good-not-great shape, but most leading stocks have taken it all in stride. Thus, we’re sticking with our lean bullish advice, and think buying during weakness can pay off.
This week’s list is encouraging in that many names are new to Top Ten; while the market hits some potholes, money is still finding a home in more and more stocks. Our favorite of the week is
U.S. Silica (SLCA), another play on the rebounding oil sector; we like its reasonable valuation, recent breakout and big increase in sponsorship in recent quarters.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| YY Inc. (YY) | 0.00 | 46-48 | 43-44 |
| Yelp (YELP) | 41.30 | 67-70 | 59-61 |
| Synaptics (SYNA) | 0.00 | 45-47 | 39-40 |
| Sanchez Energy (SN) | 0.00 | 26-28 | 24.5-25 |
| US Silica Holdings, Inc. (SLCA) | 0.00 | 27-29 | 24-24.5 |
| Sina Corp. (SINA) | 0.00 | 86-88 | 78-80 |
| Canadian Solar (CSIQ) | 0.00 | 17.5-19 | 15-16 |
| Centene (CNC) | 0.00 | 62-64 | 58-59 |
| Chicago Bridge & Iron (CBI) | 0.00 | 67-69 | 60-61 |
| Buffalo Wild Wings (BWLD) | 0.00 | 112-116 | 106-107 |