Commodity stocks have been (and remain) the leaders of the market’s advance, but interestingly, the tech-heavy Nasdaq has been outperforming all other major indexes for the past few weeks. Now, finally, some individual tech stocks are beginning to pop up—there are two chip stocks and one hard disk drive maker in this week’s Top Ten. We’re not ready to tell you to move a ton of money into technology sectors, but it’s a sign the rally is broadening out. Elsewhere in this week’s list, there are the usual suspects of oil, natural gas, steel and alternative energy. Our favorite of the week is
Marvell Technology (MRVL), a chip firm that gapped up in a big way after its earnings announcement last Friday. We think you could nibble around here, although a drop of a point or two isn’t out of the question.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| AMSC (AMSC) | 0.00 | 30-33 | - |
| CMI (CMI) | 0.00 | 67-71 | - |
| EAC (EAC) | 0.00 | 65-70 | - |
| GTI (GTI) | 0.00 | 24-26 | - |
| HK (HK) | 0.00 | 27-29 | - |
| MA (MA) | 0.00 | 295-305 | - |
| MRVL (MRVL) | 0.00 | 15-17 | - |
| NETL (NETL) | 0.00 | 34-36 | - |
| PCX (PCX) | 0.00 | 100-110 | - |
| WDC (WDC) | 0.00 | 34-36 | - |