Stocks to Buy July 1, 2009 7/1/09

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for July 1, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

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Stocks to Watch - 7/1/09 - Stock Market Ideas

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - A new quarter starts on July 1st. FAS stock has been on fire lately but today came off the weekly highs. I like FAS less at $10, and a lot more at $8. We are right in the middle as FAS is currently trading at $9.10. FAS has support at $8.80 and $8.60 so even at these prices, i'd look to buy some FAS for a trade. As for Financial Bear 3x FAZ, I think the worst of the banking crisis is now over and would only be wanting to buy FAZ when FAS is overdone on the upside. For a list of top FAS holdings, Go Here

Citigroup Inc (C:NYSE) - Citigroup stock continues to weaken as it now struggles to hold $3. Support for C is located at $2.90 and $2.85. What's even more concerning is the fact that Citi now trades below all three major moving averages and cannot even close above the 10 day moving average when tested. As soon as this trend changes, I would be a buyer of Citigroup. Until then, stay away from C stock. Check out my Citigroup Technical Analysis. Also, visit my Citigroup stock forum.

Bank of America Corp ( BAC ) - Bank of America Corporation continues to surge with the other strong banks. Jim Cramer continues to tell his viewers to buy BAC stock and he thinks the 2nd half of 2009 will be stellar. From a technical standpoint, Bank of America is fighting to close above the 200 day moving average. If the stock does indeed succeed, BAC will have an additional spike. Watch $13.35!

Wells Fargo (WFC) - Wells Fargo stock hit $22 a few weeks ago and has rebounded back over $24 again. I believe earnings will be sensational once again at WFC could run to $26-$28 after they are released. Keep an eye on this situation, I would be a buyer on any major dips

Hemispherx Biopharma, Inc. (HEB) - HEB stock was slightly lower Tuesday as investors continue to wait on an FDA Approval Decision on Ampligen, a Chronic Fatigue Syndrome Drug. Hemispherx management continues to remain silent on the FDA delay. This stock will be a huge mover when we get the news.

Cell Therapeutics, Inc. (CTIC) - CTIC stock pulled back on Tuesday after making a lower high from Monday. Keep an eye on these two resistance levels: $1.78 & $1.85. Now that the forced buying is out of the way from the Russell addition, a close above $1.85 will get me back into CTIC stock. Support continues to be $1.67 and $1.57.

Novavax, Inc. (NVAX) - There was a huge surge in Novavax shares around noon on Tuesday due to the following news. Rovi to use Novavax technology for flu virus. NVAX stock is back in the $3's with strong volume. A close over $3.30 would be bullish, a break through $3.88 which was the original swine flu high back from late April, would be even bigger.

Ford Motor Company (F) - Ford traded down to the low $5's over the past several weeks but is now back retesting $6. More importantly, the stock is trading back over both the 10 & 50 day moving averages. Ford stock is up 4% as the stock market is green. Based on what we are seeing on Tuesday, I am now putting Ford on the strong stocks to buy list with short term target of $6.55-$7. All major pullbacks should be bought heavily.

Spectrum Pharmaceuticals, Inc. (SPPI) - SPPI stock has been surging ahead of an FDA Approval decision. Keep an eye on this stock!

Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.

Visa Inc. (NYSE: V)
MasterCard (MA)
Apple (AAPL)
Palm, Inc. (PALM)
Research In Motion Ltd. (RIMM)
Ford Motor Co. (F)
First Solar (FSLR)
McDonald's Corporation (MCD)
Continental Resources Inc. (CLR)
Hess Corp ( HES )
Freeport-McMoRan Copper & Gold Inc. (FCX)
Pyramid Oil Company ( PDO )
Fuqi International, Inc. (FUQI)
AgFeed Industries ( FEED )
Fuel Systems Solutions, Inc. (FSYS)
STEC, Inc. (STEC)
Huntington Bancshares Inc. (HBAN)

Other Stocks to Watch - July 1, 2009

Vical Inc. (VICL)
Geron Corporation (GERN)
EXCO Resources Inc. (XCO)
Coldwater Creek Inc. (CWTR)
BluePhoenix Solutions Ltd. (BPHX)
Antigenics Inc. (AGEN)
Apollo Group Inc. (APOL)
PowerShares DB Crude Oil Dble Short ETN (DTO)

Penny Stocks to Watch - 7/1/09

Corus Bankshares Inc. (CORS)
SMTC Corp. (SMTX)
NexMed Inc. (NEXM)
HSW International, Inc. (HSWI)
Tower Semiconductor Ltd. (TSEM)
Oscient Pharmaceuticals Corp. (OSCI)
Pacific Ethanol, Inc. (PEIX)
Quest Resource Corp. (QRCP)
FiberTower Corporation (FTWR)
Lear Corp. (LEA)
Edge Petroleum Corp. (EPEX)
Finisar Corp. (FNSR)
Conexant Systems Inc. (CNXT)

OTC & Pink Sheets Stocks to Watch - 7/1/09

Discuss these at http://stockstobuy.org

International Aerospace Enterprises, Inc. (IARO.OB)
BioElectronics Corporation (BIEL.PK)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
Sympowerco Corp. (SYMW.PK)
LIGATT SECURITY INTE (LGTT.PK)
Neah Power Systems, Inc. (NPWS.OB)
Zippi Networks, Inc. (ZIPN.PK)
PPJ Enterprise (PPJE.PK)
Pop N Go Inc. (POPN.PK)
Midnight Holdings Group Inc. (MHGI.PK)
Paradigm Medical Industries Inc. (PDMI.OB)

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