Despite all the gloom and doom being reported about the condition of the American economy the stock market might have a few hot stocks to watch for this year. Number one on the hot stocks to watch list is gold. British market experts are predicting gold prices will reach fourteen hundred dollars an ounce this year. With gold now selling for $917 an ounce investors will want to take a serious look at this traditionally safe investment. Other hot stocks to watch will be Apple Inc and Dick's Sporting Goods. Apple has introduced an very thin notebook computer and downloadable movie rentals that may become very popular while Dick's Sporting Goods is showing strong retail sales combined with a plan to increase the number of retail stores from the current number of 317 to over 800 in the next few years. Also the company will be locating many of the new retail outlets in Florida, California and the southwest where Dick's Sporting Goods stores are unknown.
Other hot stocks to watch will include Continental Airlines Inc, State Street Corporation, Williams-Sonoma Inc, Sears Hldgs Corp, Merrill Lynch and Company Inc and Harman International Industries Incorporated.
