MICROVISION : Stockpickr: Rocket Stocks Update

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08 août 2007 •15:56

This week, we focused on stocks that where reporting earnings, and stocks that where ripe for a snapback.
We also updated the portfolio to include Goldman Sachs (GS - Cramer's Take - Stockpickr), which looks like it put in a bottom, as well as Microvision (MVIS - Cramer's Take - Stockpickr), which is down after reporting great earnings as well as signing a contract with Motorola (MOT - Cramer's Take - Stockpickr).

The goal with rocket stocks during earnings season is to find the stocks that have the best potential for crushing earnings and trading up. Cisco (CSCO - Cramer's Take - Stockpickr) reported earnings last night, and the market reacted favorably. Shares of CSCO were up 6% in after-hours trading to $31.40 a share. Cisco has been the face of this rally -- the stock has risen more then 70% from last year's bottom -- so it was a bit risky to recommend; but Cisco offered too much upside to investors.

Quarterly revenue rose 18% to $9.4 billion, beating even the most bullish Wall Street forecast of $9.275 billion and CEO Chambers' own estimate made in May of revenue growth of 15% to 16%. Increased demand of its network equipment and routers makes this stock still attractive, but this was an earnings trade, so please take profits if you took an earnings trade.

http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10373025.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA