AMZN

Near the close, the following stocks had some heavy volume trading for the day: Apache Corporation (NYSE:APA), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) and Amazon.com, Inc. (NASDAQ:AMZN).

Companies with accelerating earnings growth are considered momentum stocks.  They exhibit regular and increasing earnings power as demand for the company’s products and services grows. 

Amazon.com's (NASDAQ:AMZN) Kindle can be picked up at your local Target (NYSE:TGT) stores as of this coming weekend.  It will be sold for $259, the same price that is available from amazon.com.

The Masters have been preaching the Negative Nancy Index but until the tipping point has finally been reached for U.S. equities its time to "back up the truck", put on the blinders, and go for broke with the RAGING BULL INDEX.  Including such trading favorites as Ford Motor (NYSE:F), NetFlix (NASDAQ:NFLX), and Amazon.com (NASDAQ:AMZN).

It doesn’t seem that long ago that the NASDAQ was at 5,132 and every ad during the Super Bowl was for some Dot Com company.  But alas, the years pass and some companies survived while others failed. 

Companies with accelerating earnings growth are considered momentum stocks.  They exhibit regular and increasing earnings power as demand for the company’s products and services grows.  As this demand grows, the value of the company’s stock tends to gain as well.

When seeking out stocks, it helps to find the ones that show signs of strong and fast growth in the recent past and are coupled with strong projected growth.  Both Amazon.com, Inc. (NASDAQ:AMZN) and Potash Corp./Saskatchewan (USA) (NYSE:POT) fit that bill. 

Earnings momentum occurs when a company continues to show accelerating earnings growth over time.  This is often a long-term sign that a company's future is bright due to the increased demand for their goods and services.

Reports are that even after a dismal 2009, online shopping for 2009 has outdone 2008.  Investors could expect this to help propel shares of Amazon.com, Inc. (NASDAQ:AMZN), Wal-Mart Stores, Inc. (NYSE:WMT) and Best Buy Co., Inc. (NYSE:BBY) when their next earnings calls come out.

theStreet.com is out with its 2010 stock picks and the list includes big tech names like Amazon.com (NASDAQ:AMZN) and Research in Motion (NASDAQ:RIMM) along with cable giant Comcast Corp. (NASDAQ:CMCSA).