With the S&P currently trading above its 50 and 200 day moving averages, some analysts are bullish.
But not Hilary Kramer of A&G Capital. She thinks the market is at an inflection point.
If we can hold this level we can move higher, Kramer tells the desk but if not, we appear to be headed for a break down. And that slide could be rather sharp. Karamer says we could be looking at a 10% pullback.
But that doesn’t mean there isn’t opportunity. You just have to know where to look. "The trick is to find undervalued stocks in a market that’s over extended like this one is," she explains.
Kramer brought two more names to the Fast Money desk: They follow:
- Operates Applebee's and iHop
- Beat earnings 4 qtrs in a row
- May 4th earnings catalyst
CEO Julia Stewart is amazing and knows how to cut costs, Kramer says. They almost always beat on earnings. I’m looking for $55 after earnings.
-Provides Virtualization Software
-Allows Servers to Operate More Efficiently, Essential for "Cloud Computing"
-Earnings Catalyst April 20th
-Excellent Balance Sheet
I love this company ahead of earnings, says Kramer. The stock hit 54.75 then got stuck in a channel. But it just broke above and now I think it climbs between $62 and $65 post earnings.
Click below to check out Kramer's other recent picks:
> 2 Energetic Stocks In A Tired Market