The Win-Picks for July have been picked. The picks from June both fell from the point of when I posted them until now. Last months picks were LB and SBUX. They both took a heavier hit than I saw coming. I think both are still good for the time being as they re-balance out. This month, I have 3 picks that I like. The picks are Signet Jewlers (SIG), First Solar (FSLR) and Deere (DE).
Signet has seen its better days behind it. The chart has shown that the price has taken a beating for the past 3 years. The time to turn is looking to start as I spot a reversal formation on the chart. The 60 support range has been maybe back in action here as the price looks to rebound towards 80. Its current close price is 58.14. It also has a .37 dividend to add to that potential appreciation.
First Solar has REALLY seen its better days behind it. This stock had a major run in its early days. While I dont see that type of move happening again, I do see a push to 100 in the works. It has formed a very solid cup and handle pattern that could push the price to new highs to come. Its current close price is 54.06. Now is a nice entry for some potential great gains.
Deere has been a strong stock for many years. It made a breakout move towards the end of last year. Since then, it has started to fall back towards its breakout level near 130. The current close price is 137.58. It could make a move to retest its breakout level. From there, I am looking for the bullish nature to pick right back up or at least stabilize. A better entry near 130 is possible. It also boasts a nice .69 dividend.