Stocks to Watch this Week

SPDR, MWE, BRZL, ICO, LEXG, AAPL, USO, POT

Today, many expected some sort of “Patriot Rally” based on the news of Bin Laden’s death. The Futures were up strong in the premarket only to slightly sell off during the course of the day. Oil sold off as expected, but not by as much as many thought. Remember, the market often doesn’t do what you think it will, so put together your list of stocks, based on your opinion, Then strike when the time is right. Hopefully the names below can help you.

SPDR Gold Trust (GLD:NYSE) The ETF was off today over 1%. Keep in mind that sharp moves in GLD impacts most the entire sector, from blue chips to penny stock gold miners. However, Cramer just mentioned that he would buy GLD before individual stocks. He also mentioned that he’d buy bullion before GLD. For the regular guy though, GLD remains one of the most certain, if not the most certain pure play on gold.

Markwest Energy (MWE:NYSE) MWE is one of the more volatile MLP names and the group came under a little pressure today. I just wanted to mention MWE because it’s one of the better trading name in the sector, but don’t be surprised if you see a little more weakness.

Brazos International Group (BRZL.PK) This pink sheets name is once again in the top spot on the IHUB most active message board list. This always deserves mention.

International Coal Group (ICO:NYSE) IGC was acquired by Arch Coal (ACI:NYSE) today. This could lead to some sympathy trades in the group, especially with the small cap names. Remember, everyone loves a take over.

Lithium Exploration Group (LEXG:OB) It just has to be mentioned. Today’s 10% move to the upside was probably some combination of penny stock scalpers buying and shorts covering. Probably best to stay away from for now. However, LEXG should be added to your list of penny stocks for at least the next month.

Apple Computer (AAPL:NASDAQ) Was off today, but have to mention the ultimate large cap tech stock, because Cramer was once again pumped on the name. Could be active with retail investors in Tuesday’s premarket.

United States Oil Fund (USO:NYSE) This oil ETF is supposed to be a pure play on oil. Many of us have made the mistake of jumping in for a quick trade without understanding one important word. That word is Contango. Look it up and you will see why there are better ways to play black gold.

Potash (POT:NYSE) The premier Ag stock seems to be in a bottoming process and there is a little support below these levels. Too risky to short because of possible M&A, despite the group looking weak.

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