Wow, May was another great month for the S&P 500, UP 9.98%. As hot as the S&P 500’s performance was, our 6 Stocks For April performance knocked out the index; putting a stunning 14.67% return in our subscriber’s pockets. That’s on the heels of 15.68% profit in March for a whopping 30.35% in 2 months. Yeah Baby!
This report has done so well that we are going to offer this essential financial resource exclusively to our subscribers. Using our simple money-making strategies, we have identified 9 Stocks To Consider In May. Our subscribers will find it in today’s Correct Call Calendar.
Our Subscribers are also probably fairly happy with Wednesday’s trading earnings pick. Dolby reported better than expected earnings and is up $3 since we recommended it. Hopefully it will add a few more today.
Here is this week’s trading earnings pick:
WebMD Health Corp. (WBMD) is set to report earnings before the market opens on Tuesday, Cinco de Mayo. WebMD Health Corporation is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through our public and private online portals and health-focused publications. WebMD Health Corp. is a subsidiary of HLTH Corporation (Nasdaq: HLTH).
WBMD is expected to earn 5 cents for the quarter ended March 31, 2009. We expect the internet information provider to announce earnings that will beat investors’ and analysts’ expectations.
WebMD Health Corporation has delivered 13 straight earnings surprises; we expect to see them keep the streak alive. The last 3 times WebMD has reported earnings, the stock has moved up at least 13%. Seven of the last 10 quarterly checkups have rewarded investors with handsome gains.
If WBMD’s stock price follows its recent performance post earnings; investors might consider buying the stock for a pop. More aggressive types might consider the May 25 call option.
Our technical analysis of WBMD’s stock chart leads us to believe the stock could trade between $25.50 and $28 before earnings. On the upside, the stock could trade as high as $32 on a great earnings report. With a disappointment the stock should find support around $22.
Suggested Stop: $21.80
