1/22/2011 7:19 PM ET|
7 high-potential stocks under $7
You might get a satisfying lunch for $7, or you could get a share of a promising company that's flying below many investors' radar screens.
Why do people gamble? The thrill of winning big, the chance to make a fortune by putting up just a little bit of money. Well, you can do the same with stocks, and if you pick the right ones, your odds are a lot better than they would be in a casino.
Here are some of the best low-priced stocks to consider. Each is trading below $7 per share.
The steady resurgence in shipping demand, coupled with Horizon's improving financials, suggests that the worst of the economic downturn is over for the Charlotte, N.C., company.
The stock is up about 37% over the past six months and could continue moving higher -- data show that more goods are being manufactured, and they need to be shipped. Horizon will be a big beneficiary of that.
Investors should consider buying the stock on pullbacks below $5 a share.
Local.com (LOCM, news) is a specialist in paid-search advertising. Its search website, Local.com, attracts about 20 million unique visitors a month. It also operates a local syndication network of some 750 regional media sites, as well as a sales and advertiser services operation for its 50,000 direct monthly subscribers. The Irvine, Calif., company, one of the three fastest-growing companies in local online advertising, works with partners to offer daily online deals, coupons and retail offers.
The company swung to a profit in its fiscal third quarter as sales grew by 48% to $22.5 million and adjusted net income increased 249% to $4.6 million. That translated into some very nice margins, with adjusted net income margin coming in at 20%.
Investors should consider buying the stock under $6.70 a share, which is slightly below where it traded earlier this month before a big sell-off that dropped the price to $4.11 on Jan. 20.
Tii Network Technologies
As Verizon and other wireless carriers invest to upgrade to 4G networks, Tii's sales should remain strong.
Investors should consider buying the stock under $3. Because shares are thinly traded, it's worth considering use of a limit order within 10 cents of the previous day's closing price.
Shares in the Walnut Creek, Calif., company could break out if the housing market improves. There has been some improvement in mortgage applications and housing inventory; interest rates remain low; and banks are starting to lend again.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|