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Stock Picks: FNSR, LXU, NKTR, POT

Published 12/09/2016, 12:38 AM
Updated 07/09/2023, 06:31 AM

It was another good day on Wall Street on Thursday. We have a lot of stocks that have been acting well. Let’s take a look at some of them.

Finisar Corporation (NASDAQ:FNSR) had a big day not only during the session, but in after hours, up 1.89 or 5.86%, to 34.13, on 3.8 million shares traded and up another 6%, or 2.09 in after hours, so about 4 points up on Thursday. It had a big pop on earnings, a pullback, and it came right back up to the 36-40 range. Swing trade targets are 35 and 39. It hit the 35-dollar target, so now it may be headed to 39. It has 5.2 days to cover .

Lsb Industries (NYSE:LXU) is moving, and popped on Thursday, up 88 cents, or 10%, to 9.35, on nearly a million shares traded. It looks like it’s headed higher. This is the highest close this stock has had since Sept. If it can get it up through resistance at right about 9.70, it could very well be a 12-dollar stock. It has 9 days to cover on the short side.

Nektar Therapeutics (NASDAQ:NKTR) is a stock that I really like. It got up near 20 in Sept, and then collapsed. It did rebound, but retested the lows, and on Thursday, it was moving nicely, up 62 cents, or 5%, to 12.95, on 1.4 million shares traded, breaking out of a flag and closing near the upper end of the range on big volume. I put a swing out on it. I do believe this stock is going to make it back to the 14-14 1/2 zone, and then 15, or more.

Potash Corporation of Saskatchewan (NYSE:POT) was up just 33 cents, or 2%, to 19.38, on 7.7 million shares traded on Thursday, but it’s coming right up to resistance at the 19.38 spike high from March. If it gets through there that will have completed the base. I will be looking for 21, 22 1/2, and much more.

Stocks on the long side included Advanced Micro Devices, Inc. (NASDAQ:AMD), AXT Inc (NASDAQ:AXTI), Ciena Corp (NYSE:CIEN), CVR Energy (NYSE:CVI), Casella Waste Systems Inc (NASDAQ:CWST), Finisar Corporation (NASDAQ:FNSR), Kemet Corporation (NYSE:KEM), Kopin Corporation (NASDAQ:KOPN), Lumentum Holdings Inc (NASDAQ:LITE), Lsb Industries Inc (NYSE:LXU), Nanometrics Incorporated (NASDAQ:NANO), Nektar Therapeutics (NASDAQ:NKTR), Pacific Ethanol Inc (NASDAQ:PEIX), Potash Corporation of Saskatchewan (NYSE:POT), Tailored Brands Inc (NYSE:TLRD), Tower Semiconductor Ltd (NASDAQ:TSEM), Unisys Corporation (NYSE:UIS), XPO Logistics Inc (NYSE:XPO), ZELTIQ Aesthetics Inc (NASDAQ:ZLTQ), Zumiez Inc (NASDAQ:ZUMZ) and Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE).

Latest comments

Harry I follow you scripts which I find very informative. Receiving this article is useful at the start of the trading day rather than the end of the day
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