Timothy Sykes is back with his latest round of picks. Let's get right to them. By the way, he says he can't get enough of this as he's determined to come up with winners! Here his post: Instead of just commentating, I really wish I was playing this game! But when CNBC asked me to appear on air, I disqualified myself so there would be no conflict of interest with my picks. Ah, regulations, even in a contest, you gotta love them!
To say the least, the performance of my picks this week has been disappointing. My top two picks this week, BBW and RIO, have each risen by 5% after earnings, some decent gains, but not enough to help you win this contest. So, on behalf of these companies, let me apologize for their mediocrity. Luckily, we still have a few more earnings plays before the fun is over so I’m not giving up just yet!
Here’s an extra round of picks for Monday just because I want to be a part of at least one big winner.
(In no specific order):
GIVN has some incredible technology, a recently instituted management dream team, and a surging stock price that loves to break key technical levels. Well, it’s up 15% during the past few days so their story better be all that and more when they report earnings next week. I say the chances for a big pop are 30%.
Even though I hate their product, their name, their long-term business prospects (basically everything about them), I’m picking HLYS because their stock could really pop on earnings, even after rising 10% this week. I’m not the only one who dislikes this company as evidenced by the number of short sellers so as Mishlove likes to say, “I’m playing the short squeeze”. I say the chances for a big pop are 40%.
I’m not only the president of recommending JCOM for this contest, I’m also a client. I’ve used their eFax service for years and it’s simply great. More importantly, the stock is nearing all-time highs and it has been known to pop nicely whenever the company has reported good numbers in the past. I say the chances for a big pop are 50% so I’m making it my #1 week for Monday. Shooooter!
You know I have to pick SYKE because the company name is my last name. Just kidding, that’s not the main reason (my family isn’t involved with this company) but because they recently gave upbeat guidance. In my experience, companies don’t give upbeat guidance unless they know they’re going to blow the estimates away so a big pop on earnings is possible here. I say the chances for a big pop are 35%.
Lastly, I’m picking WYNN. It’s an expensive stock, I know, I know. The other casino giants recently reported mediocre numbers, I know, I know. But Steve Wynn is everything Donald Trump wants to be and, more importantly, in billionaires I trust. Stevie Wynn, like Stevie Cohen, is a business genius so I’m guessing he still has a few surprises in store here. I say the chances for a big pop are 30%.
Timothy Sykes is a hedge fund manager, star of the reality show Wall Street Warriors, and author of the upcoming book, “An American Hedge Fund” He can be reached at www.timothysykes.com.
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