Stocks to Buy March 17, 2009 3/17/09

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. In the last hour, the stock market could not stage a 5 day rally and stocks sold off. During after hours, we got news that Alcoa ( AA ) was cutting their dividend and the stock went lower. We also got guidance out of Energy Conversion Devices ( ENER ) which was bad and that stock fell. These are two stocks worth watching over the next few weeks.

Below are a list of stocks that are worth watching for Tuesday, March 17, 2009. Also, check out the Biggest Stock Gainers of the Day.


Stocks to Watch - 3/17/09 - Stock Market Ideas

Bank Stocks - The real momentum continues to be in the banking stocks. Tonight on Mad Money, Jim Cramer praised Bank of America ( BAC ), Citigroup ( C ), and Wells Fargo ( WFC ). He says look to buys these after profit taking over the next few days. I also think you should watch Financial Bull 3X ( FAS ) and Financial Bear 3X ( FAZ ). FAZ really performed well at the end of the day today as money came out of the financials.

Star Bulk Carriers ( SBLK ) - $2.30 Up 26.38% - SBLK jumping in afterhours trading as they beat by .05EPS - Star Bulk Carriers Corp. Reports Financial Results for the Fourth Quarter and the Year Ended December 31, 2008

iStar Financial ( SFI ) - $1.97 Up 15.88% - iStar Financial Completes New $1 Billion Secured Term Loan and Restructuring of Existing Unsecured Revolving Credit Facilities

Short ETF's - If the stock market starts going back down, watch these Short ETF's closely. I like FAZ and SRS the best: Financial Bear 3X ( FAZ ) - UltraShort Real Estate ProShares (SRS) - UltraShort Financials ProShares (SKF) - Direxion Small Cap Bear 3X Shares (TZA) -UltraShort S&P500 ProShares (SDS) - If you do it right, these leveraged ETF's provide the volatility to make big gains. Trading these stocks replaces the habit of buying on margin. Take the time to learn about the above ETF's before you start trading them.

Monday's Hot Stocks - As I was saying above, there were some big gainers on Monday that you may want to look into for Tuesday: Caraustar Industries Inc. (CSAR) - American International Group, Inc. (AIG) - Citigroup ( C ) - AgFeed Industries, Inc. (FEED) - ArvinMeritor Inc. (ARM) - Casella Waste Systems Inc. (CWST) - TerreStar Corporation (TSTR) - American Axle ( AXL ) - Fannie Mae (FNM) - Barclays ( BCS ). If the stock market is higher Tuesday, these stocks should see some additional upside.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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