Happy Monday to all! Hope everyone had a great weekend. We are set to begin a fantastic week of stock picking, analysis, and conversation about everything financial. Last week was a bit of a rough week for us investors as we got hit by some poor news from the Euro and several key economic indicators. You can read my entire synopsis of the week and my seven picks from last week here. We had 2 winners, 2 losers, and 3 neutral plays, which is not bad for a week when the market drops 5%. 

Let’s get into today’s plays…

 

Buy of the Day: Pulte Homes Inc. (PHM)

Analysis: IN PROGRESS

Entry: We are looking to get involved with PHM at 10.95 – 11.05.

Exit: We are looking to exit on a 2-3% gain.

Stop Loss: 3% on bottom.

 

Short Sale of the Day: Proshares Ultrashort Financial (SKF)

Analysis: IN PROGRESS

Entry: We are looking to get involved with our short sale at 21.45 – 21.55.

Exit: We are looking to cover on a 2-3% gain.

Stop Buy: 3% on top.

 

Good Investing,

David Ristau

 

More on this topic (What’s this?)
WHAT’S ON TAP? (THE PRAGMATIC CAPITALIST, 5/23/10)
Existing Home Sales Rise 6.8% (Expected Returns, 4/22/10)

Read more on Existing home sales, Pulte Homes at Wikinvest