Today is going to be a fun day for us. We may get some picks right and wrong, but as I promised yesterday, I am going to make picks from now until the close. I will only be able to participate in some of the picks due to the restrictions of my portfolio, but I will continue to make picks until I run out of time. You can pick and choose which ones best suit your personal investing philosophy. We will start the morning with our typical buy and sell picks and go from there.
Yesterday, we exited at the open Climarex Energy (XEC) for a small loss. The stock went on to have a big day, but they missed earnings and revenue estimates and were looking to open down. We got involved at 70.60 and exited at 70.10 for a small loss. We also entered yesterday ON Semiconductor (ONNN). The company reported better than expected EPS at 0.24 vs. the expected 0.20, had a nice future forecasting that was within guidance estimates, but the market does not think it is enough. It is set to open right where we bought it yesterday. This is one I feel like we should let ride if the market is going to open higher, which will depend on the unemployment claims report. Check back in my Morning Levels Alert for the final decision.
Let’s get picking!
Buy Pick of the Day: Crocs Inc. (CROX)
Analysis: I know what you are thinking…Crocs? Am I serious? Yes. I am serious. Crocs looks to be a good pickup today on a possible lower open and/or early decline to the day. The company is set to report earnings per share at 0.20 vs. one year ago’s loss of 0.36 per share. Additionally, this company has had 100%+ beats 2/3 quarters, and I believe there 
should be some pretty strong buying interest moving into earnings.
Other shoe companies have faired well this earnings season. Skechers (SKX), as you may remember, had an exceptional quarter blowing out earnings. Deckers Outdoor, Steve Madden, and even K-Swiss all beat earnings estimates. Retail has been good to the shoe departments this quarter, and this quarter is the bread and butter of Crocs, moving into earnings. With the industry looking strong and the company itself poised for large growth, Crocs has already attracted industry and it should continue this afternoon.
The company has become a bit overvalued on RSI,…
