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Today we are going to start something new. The Correct Call will start to post a list of stocks that we believe are possible short-term or day trade ideas. We will highlight stocks that have bullish technical crossovers and bearish technical crossunders. Beyond just the technical analysis, we will also apply our fundamental analysis to narrow the list down to meet our stringent longer-term buy/sell criteria. That way, if a stock moves in your favor, you can feel more confident in letting your winners run. As always with all short term trades, we suggest stops to limit loses and to protect p

Colfax Corporation niche industry of manufacturing fluid handling products for commercial marine, oil, and gas, global Nay and power Generation industries has allowed itself to dominate this market it is in.

This is clearly obvious by the growth in EPS and sales. The past six quarters EPS took off growing over 999% the past five quarters before growing a more manageable 43%. The sales were going off as well, with growth coming in at 14%, 14%, 14%, 17%, 33%, 33% the past eight quarters. The sales growth is incredible but the earnings growth rate of 127% which helps put the stock within the to

Colfax Corporation niche industry of manufacturing fluid handling products for commercial marine, oil, and gas, global Nay and power Generation industries has allowed itself to dominate this market it is in.

This is clearly obvious by the growth in EPS and sales. The past six quarters EPS took off growing over 999% the past five quarters before growing a more manageable 43%. The sales were going off as well, with growth coming in at 14%, 14%, 14%, 17%, 33%, 33% the past eight quarters. The sales growth is incredible but the earnings growth rate of 127% which helps put the stock within the to

Guest: Felix Salmon, Condè Nast Portfolio.com. Microsoft and Yahoo!, airlines and media stocks and a dose of the world economy. Felix brings a fresh perspective on the markets and world economy. Andrew asks

Felix if bloggers are here to stay or simply a pest that will fade into the nothingness.

Find out which is Andrew’s favorite airline to cross the pond. Who has the best warm nuts?

Felix Salmon arrived in the United States in 1997 from England, where he worked at Euromoney magazine. He also wrote daily commentary on Latin American markets for the former news service Bridge News, freelance

Filed under: Merrill Lynch (MER)

Yesterday, I met with a couple deal attorneys and we talked about IPOs. I learned that that they are currently working on an offering. Of course, the company is in the energy sector.

While the IPO market should remain listless, there are still a few sectors that are hot. Look at Colfax (NYSE: CFX), which launched its IPO today. The company priced its offering at $18 per share (the price range was $15-$17). So far in today's trading, Colfax shares are trading up 22% to $22.08.

Basically, Colfax is a major supplier of fluid handling products, such as pumps, fluid