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Stocks to Buy March 11, 2010

Posted by StocksNoob | Penny Stocks, Stock Picks, Stocks to Buy | Friday 12 March 2010 12:56 am

This has been a very interesting week with Citi Group (C) gaining about 20% and also other financials like Bank of America (BAC) and American Intl’ Group (AIG) running wild.

Here is a list of stocks to watch tomorrow, March 11, 2010:

Citi Group (C: 26.01 -1.51%): Citi is obviously the market favorite right now. It has been up all week. There are couple resistances around $4.30-$4.35 area and if it can break through that then it might run up to $3.65-$3.70. Here is my worry: The fundamentals of this company are still not that good and the stock is moving only based on speculations. What will happen when the government starts selling its massive pile of Citi stocks? The selling pressure will bring down the prices, but how much? Please think of these questions carefully before investing in Citi.

American Intl Group,
(AIG: 28.33 -0.49%) – This stock is having a wild ride. It was up about 3% when it opened today, but closed 3% down. Watch the momentum tomorrow and probably day trading might be the best way to make some quick bucks.

Bank of America.
(BAC: 7.02 +0.57%) – Same story as other financials, but it seemed a little weak today as if it ran out of gas. Still, it should be an interesting watch tomorrow.

Penny Stocks to Watch Tomorrow:

TerreStar Corporation (TSTR: 0.00 N/A) – This stock went crazy without any news. Watch out for this penny stock tomorrow.

Cell Therapeutics Inc. (CTIC: 0.8601 -7.28%)
Zanett Inc. (ZANE: 0.00 N/A)
SIRIUS XM Radio Inc. (SIRI: 1.885 +3.01%)
Freddie Mac (FRE: 0.00 N/A)
Fannie Mae (FNM: 0.00 N/A) – Fannie and Freddie never give up. These stocks are still holding up. I only recommend these for day-trading though, depending on the momentum.

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