Paul's Hot Stock Picks & Market Commentary For Next Week by N Paul Johnson

HOT STOCK PICK FOR NEXT WEEK:

F C Stone (FCSX) is forming a consolidation area, and given Friday?s volume spike, looking to go higher. F C Stone performs back office services for commodities traders, and provides risk management and consulting services in the United States and internationally in Canada, Asia, and Latin America. FCSX carries earnings and relative price strength readings in the high 90?s and while it is in a C+ rated industry group, it boasts a solid A rating in accumulation

PAUL'S MARKET COMMENTARY FOR NEXT WEEK:

The market indexes beat a swift retreat Friday, closing near their lows for the day. Once again, the ill wind of subprime mortgage woes wafted through the market as Bear Stearns slapped down $3.2 billion in secured loans to bail out one of its risky mortgage-backed hedge funds. Even with the market?s decline, volume ran flat to lower most of the day, with trading spiking higher towards the end of the trading day?perhaps due to the annual Russell index balancing act. We mentioned the approach of earnings season and the fact that portfolio managers often dump shares to readjust their portfolios at the half-year mark. Still, while the week sported a net loss, the Nasdaq quietly hit a momentary six-year high, the market remains in a confirmed uptrend, and most leading stocks weathered the situation well. Meanwhile, the Dow, S&P 500, Small Cap 600 and Mid Cap 400 indexes are at or near their rising 50-day moving average/support areas, so in the absence of any negative new developments on the subprime mortgage or interest rate front, one would expect a bounce soon. Turning to economic news, look for Tomorrow morning?s existing home sales, followed by Tuesday morning?s consumer confidence report and new home sales, then Wednesday morning?s very important durable goods orders.

FEATURED STOCK PICK HIGHLIGHTS :

Friday?s market decline huffed and puffed, but left most leading stocks intact. Google (GOOG), a featured stock pick of last Sunday, blasted $15.25 above our buy point of last Sunday ($10.86 on Friday alone) and is now forming a high handle. Recently-featured Terra Nitrogen (TNH) still remains a lofty $21.97 above our buy point of June 10th, after giving up a miserly $2 on Friday. Baidu.com (BIDU) is still up $18.27 since we first featured it at the end of May, and was up $2.53 on Friday. Meanwhile, Telvent (TLVT) found itself in the process of breaking out. Still, be mindful of the forces at work in the market per our market commentary above, and expect stocks to act with some degree of uncertainty as earnings season approaches.

For many more hot stock picks and exact buy points, please visit: http://www.StockConfidential.com/

Paul is the publisher of Stock Confidential, a newsletter featuring hot stock picks that is sent via email to his subscribers every Sunday and Wednesday. Paul has also written several stock trading, real estate and internet entrepreneur ebooks.

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