best stock to buy july 12 2011

best stock to buy july 12 2011 : U.S. stocks closed lower Monday as the Dow Jones Industrial Average fell 1.2% to 12506, the Standard & Poor's 500 declined 1.8% to 1319 and the Nasdaq Composite lost 2% to 2803. Among the companies whose shares are actively trading in the after-hours session are Microchip Technology Inc. (MCHP), Novellus Systems Inc. (NVLS) and Radiant Systems Inc. (RADS).

Microchip Technology lowered its earnings guidance for the fiscal first-quarter, citing challenges in its automotive segment tied to the earthquake in Japan. Shares fell 6% to $35.30 in after-hours trading. Microchip's guidance weighed on shares of its rivals, with Texas Instruments Inc. (TXN), which reports earnings later this month, down 1.7% to $31.90 after-hours while Analog Devices Inc. (ADI) fell 2.7% to $37.52. Atmel Corp. (ATML) lost 2.7% to $13.50 and ON Semiconductor (ONNN) dropped 3.2% to $9.80.

Stocks to Watch - 7/12/11 - Stock Market Investing Ideas :

Local.com Corp. (LOCM) - Local.com Corp. (LOCM) stock jumped back into the $4's on Monday. LOCM will have resistance around $4.23 this week.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG is back testing $6 which seems to be holding. KOG is a buy at below $5.50 from here on out. Discuss KOG

Samson Oil & Gas Limited (SSN) - SSN has been all over the place lately. SSN will have resistance located at $3.00. SSN is a buy below $2.70.

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG seems to have found support in the low $3's. PZG will have resistance located at $3.50. PZG is a buy below $2.80.

American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is now trading back below $30. AIG will have resistance at $31.79. AIG has support located at $28.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) hit $2.30 on Monday but then pulled back. Sirius XM Radio will now have support at $2.00. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.50.

Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now back trading below $45. Las Vegas Sands Corp will have resistance located at $47. Las Vegas Sands (LVS) is a buy below $36 for a swing trade.

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading at $4.00. The next major resistance level for Dryships is located at $4.10. Drys has support at $3.50.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) is dropping back into the $24's. FAS will have support located at $21 and resistance located at $26. FAS is a strong buy below $22 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) continues to trade below $30. Research in Motion (RIMM) will now have support located at $27. Research in Motion (RIMM) will have resistance up at $30.23.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) failed at $16 last week. CSCO will have resistance around $16.04 now. Cisco Systems (CSCO) will have support down around $15.30. Cisco Systems is a strong buy below $17 for the long term. This stock will eventually come back with some patience.

Stocks to Watch for Daytrading - Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Arena Pharmaceuticals, Inc. (ARNA) - Bank of Ireland (IRE) - Cyclacel Pharmaceuticals, Inc. (CYCC) - Somaxon Pharmaceuticals, Inc. (SOMX) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - China Shen Zhou Mining & Resources, Inc. (SHZ) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - Jones Soda (JSDA)

Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) is back in an uptrend. AMZN will hit resistance at $220. Pullbacks below $180 are a buy.

Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) is trading in the $2.50's now. Level 3 Communications will have resistance located at $3.00.

Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) broke $300 but then fell below $290 on Monday. Netflix Inc (NFLX) will have resistance located at $300 going forward. Netflix has support located at $275. Netflix Inc (NFLX) is a buy on pullbacks below $220.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is testing $140 again. Baidu Inc will have resistance up at $147 & $150. Baidu has support located at $110. If Baidu Inc. (BIDU) ever falls below $105, I would start buying back.

Oracle Corp (ORCL) - Oracle Corp (ORCL) is trading back near $33. ORCL will now have resistance located at $34.

E-Commerce China Dangdang Inc. (DANG) - E-Commerce China Dangdang Inc. (DANG) continues to recover off the lows. DANG will have support located at $12.

Advanced Micro Devices Inc. (AMD) - Advanced Micro Devices Inc. (AMD) is now trading below $7.00. Advanced Micro Devices Inc. will now have resistance located at $8.95. AMD will have support down at $6.50.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back above $130. Goldman Sachs (GS) will now face resistance around $135-$140. Goldman Sachs (GS) has support between $120-$125.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is back trading near $58. Potash Corp will have resistance located at $60. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $50.

Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) is trading near $54. FCX is a buy below $50, strong buy below $45

SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) is now testing $41.50. SNDK will have resistance around $45.

Allied Irish Banks plc (AIB) Bank of Ireland (IRE) - Allied Irish Banks plc (AIB) & Bank of Ireland (IRE) continue to be active and worth watching.

Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics, Inc. (CTIC) broke support last week and is now trading around $1.40. Cell Therapeutics will have support located at $1.50 now. CTIC will have resistance up at $1.90.

Akamai Technologies Inc. (AKAM) - Akamai Technologies Inc. (AKAM) is now trading below $31. AKAM is in a nasty downtrend but I think we could see a bounce between $33-$35 at some point this summer. AKAM will have resistance located at $32.

Whole Foods Market, Inc. (WFM) (WFMI) - Whole Foods Market (WFM) is back trading around $65. WFM will have resistance up at $67.

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