Black Friday deals: 3 stocks under $5
Think your local store is offering some killer deals? Check out some of the bargains on Wall Street.
On the Friday after Thanksgiving, millions of Americans will take to the mall and start their holiday shopping. Well, I've got a shopping list of my own and it's full of some of the best deals I've seen in a long time.
If you think that your local electronics store is cutting some killer deals this season, just wait until you see some of the bargains that are on Wall Street.
Here are three bargain stocks trading for less than $5 right now that could be tremendous winners in 2010.
Bargain Stock #1 - Smith & Wesson (SWHC)
Smith & Wesson (SWHC) was founded in 1852 and is famous for its revolvers, most notably Dirty Harry's .44-caliber pistol. Obviously, this is one of the biggest names in the firearm industry.
The company makes handguns, police accessories and gun safety products but also sells a wide variety of other items. SWHC products include mountain bikes outfitted for police officers, car alarm systems and even apparel like watches and sunglasses that cash in on the famous Smith & Wesson brand.
The company has really been soaring as handgun sales have soared in anticipation of harsher gun laws that will take some brands off the market. I expect big gains from SWHC in 2010 as well.
Bargain Stock #2 - Syntroleum (SYNM)
Syntroleum (SYNM) isn't your typical energy company. While it does offer diesel and jet fuels, its most promising division involves patented Bio-Synfining technology for converting animal fat and vegetable oil into distillate products such as renewable fuel sources.
This is truly a cutting edge business that is growing in popularity as more companies are going green and looking to reduce carbon emissions. And unlike many green companies that are years away from profitability, SYNM is going strong right now.
In its most recent quarter, the company posted earnings of 17 cents per share when Wall Street was expecting a loss of 3 cents per share. This was an incredible 666% earnings surprise. If the company managed to do this well in the third quarter, imagine how it will perform as energy demand increases and crude oil prices move higher in 2010.
Bargain Stock #3 - Endologix (ELGX)
Endologix (ELGX) develops innovative treatments for vascular diseases such as clogged arteries, focusing on minimally invasive treatments. In this era of skyrocketing heathcare costs, ELGX remedies are highly sought after since they tend to be cheaper and require less recovery time than extensive hospital stays and surgeries.
Just one groundbreaking product created by this company is a self-expanding stent that can be inserted into a patient’s aorta to protect the blood vessels and improve circulation.
The company recently has returned to profitability with a 100% earnings surprise in the third quarter, and is really gearing up to benefit from the pending health care reforms in Washington.
In addition to SWHC, SYNM and ELGX, there are two more bargain stocks trading under $5 that investors should add to their Black Friday shopping list -- get their names here.
At the time of this writing, Louis Navellier owned shares of Smith & Wesson in personal or client portfolios.
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The company plans to close stores and lay off employees, and says it needs to make some deeper changes.
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