SpeculatingStocks.com Releases Two Stock Picks for Christmas 2008
SpeculatingStocks.com has released two stock picks for Christmas 2008: WFMI and M.
Pittsburgh, PA (PRWEB) December 16, 2008 -- SpeculatingStocks.com has announced two new stock picks that may become big winners this Christmas season 2008 and into 2009. The two stock picks below aren't the usual stocks we discuss, they aren't penny stocks or small cap stock picks, but they do hold a lot of upside potential to become hot Christmas stocks for the end of 2008.
Find more Stock Picks at SpeculatingStocks.com!
Russ Urban, founder of the stock market site SpeculatingStocks.com, commented, "We believe investors will find these two stocks when they look for stocks for Christmas 2008 and stocks that have the potential to end 2008 on a positive note and roar into 2009."
SpeculatingStocks.com Stock Pick: Macy's, Inc. (M)
Stock Price: $8.15
Macy's, Inc., through its subsidiaries, operates department stores in the United States. Its retail stores sell a range of merchandise, including men's, women's, and children's apparel; and accessories, cosmetics, home furnishings, and other consumer goods.
M has been around so long that they have one of the rare one letter stock symbols. Their brand is one of the most well recognized retail brands in the United States.
Investors finding M now are finding it at a significant bargain. Retail stocks have been sold down significantly, but those in at the bottom are discovering real bargains like M.
M is currently trading significantly below its book value of $23.55. M is trading at a severe discount to book value. M is also in a short-term uptrend after hitting bottom and if it breaks through its 50-day moving average around $9.11, we could see M possibly gain around 50% from its current price.
SpeculatingStocks.com Stock Pick: Whole Foods Market, Inc. (WFMI)
Stock Price: $10.41
Whole Foods Market, Inc., together with its subsidiaries, engages in the ownership and operation of natural and organic foods supermarkets primarily in the United States. As of September 28, 2008, the company operated 275 stores.
WFMI has grown revenue the past three fiscal years from $5.60 billion in 2006 to $6.59 billion in 2007 to $7.95 billion in 2008. WFMI's net income for the last fiscal year came in at $114 million.
WFMI can be thought of as a recession proof stock and a company with stores that will only receive greater interest as interest in natural and organic foods continues to grow.
WFMI is trading slightly below its book value of $10.73 and has support around the $10.00 level. There is a major short interest of around 17% in WFMI shares. We could see a major short squeeze in WFMI shares in the future.
SpeculatingStocks.com is a stock market site dedicated full time to finding the best stock picks, penny stock picks and hot stocks at the right time in their stock charts while using market trends and stock market analysis.
About SpeculatingStocks.com:
SpeculatingStocks.com releases penny stocks, undervalued stocks, daily stock picks, small cap stock picks, market trends, stock market analysis and the best penny stocks. SpeculatingStocks.com is focused on stock picks that have the potential to create large percentage point returns for investors. For more stock picks, stock market articles, stock updates and our stock message board visit SpeculatingStocks.com.
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This press release is the opinion of SpeculatingStocks.com, Inc. SpeculatingStocks.com, Inc. is not a registered investment advisor and nothing contained in any materials released by us should be construed as a recommendation to buy or sell any securities. Please read our legal disclaimer at speculatingstocks.com/LegalDisclaimer.html.
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