5 Best Stocks To Invest In Right Now
Blue-chip stocks are rallying today despite news that first-quarter gross domestic product was revised downward by the Department of Commerce. With roughly an hour left in the trading session, the Dow Jones Industrial Average (DJINDICES: ^DJI ) is up by 153 points, or 1.02%.
When economic statistics are released by the government, they are often subsequently revised. And sometimes those revisions can be quite substantial — much like today’s final GDP number. The Commerce Department first estimated that GDP had grown by 2.5%. It followed that up with a second estimate of 2.4%. And now it says output expanded by only 1.8%. The reason? According to the official press release (link opens PDF), “The increase in personal consumption expenditures (PCE) was less than previously estimated, and exports and imports are now estimated to have declined.”
5 Best Stocks To Invest In Right Now: Ultra Petroleum Corp.(UPL)
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2011, the company owned interests in approximately 53,000 net acres in Wyoming covering approximately 190 square miles; 258,000 net acres in Pennsylvania; and 130,000 net acres in eastern Colorado?s Denver Julesburg Basin. Ultra Petroleum Corp. was founded in 1979 and is headquartered in Houston, Texas.
- [By Roberto Pedone]
My first earnings short-squeeze play is oil and gas exploration player Ultra Petroleum (UPL), which is set to release numbers on Friday before the market open. Wall Street analysts, on average, expect Ultra Petroleum to report revenue of $234.98 million on earnings of 42 cents per share.
During the last quarter, this company reported revenue of $225.6 million and GAAP reported sales were 0.2% lower than the prior-year quarter’s $226.1 million. Also last quarter, this company reported non-GAAP EPS of 38 cents per share and GAAP EPS was 11 cents per share, which was 80% lower than the prior-year quarter’s 55 cents per share.
The current short interest as a percentage of the float for Ultra Petroleum is extremely high at 22.8%. That means that out of the 149.85 million shares in the tradable float, 33.80 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 3.6%, or by about 1.17 million shares. If the bears are caught pressing their bets into a bullish quarter, then shares of UPL could easily rip higher post-earnings as the shorts rush to cover some of those bets.
From a technical perspective, UPL is currently trending above its 200-day moving average and just below its 50-day moving average, which is neutral trendwise. This stock has been trending sideways for the last two months, with shares moving between $19.52 on the downside and $22.47 on the upside. A high-volume move above the upper end of its recent range post-earnings could trigger a big breakout trade for shares of UPL.
If you’re bullish on UPL, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $21.96 to $22.47 a share with high volume. Look for volume on that move that registers near or above its three-month average volume of 3.10 million shares. If that breakout hits, then UPL will set up to re-test or possibly take out its 52-week high at $24.52 a share. Any high-volume move above that level will then put $26 to $27.60, or even $30 into range for shares of UPL.
I would simply avoid UPL or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below its 200-day at $20.33 and then below more near-term support levels at $20.08 to $19.52 a share with high volume. If we get that move, then UPL will set up to re-test or possibly take out its next major support levels at $18.39 to $17 a share. Any high-volume move below those levels will then give UPL a chance to tag its next major support areas at $16.50 to $16 a share.
5 Best Stocks To Invest In Right Now: Australian Dollar(AU)
AngloGold Ashanti Limited primarily engages in the exploration and production of gold. It also produces silver, uranium oxide, and sulfuric acid. The company conducts gold-mining operations in South Africa; continental Africa, including Ghana, Guinea, Mali, Namibia, and Tanzania; Australia; and the Americas, which include Argentina, Brazil, and the United States. It also has mining or exploration operations in the Democratic Republic of the Congo, Guinea, and Colombia. As of December 31, 2010, the company had proved and probable gold reserves of 71.2 million ounces. The company has a strategic alliance with Thani Dubai Mining Limited to explore, develop, and operate mines across the Middle East and parts of North Africa. AngloGold Ashanti Limited, formerly known as Vaal Reefs Exploration and Mining Company Limited, was founded in 1944 and is headquartered in Johannesburg, South Africa.
- [By Mel Daris]
AngloGold Ashanti (AU), a South African company, is trading for $33 and pays a dividend which yields 3.20%. The stock has an astonishing P/E of 1,015. Its net income totaled $112 million last year, but negative cash flows of $620 million. It holds net tangible assets of $4.3 billion and its balance sheet has not grown nearly as quickly as the other companies on this list. AngloGold has two new mines coming online in Congo and Colombia.
10 Best Safest Stocks To Invest In 2014: Marifil Mines Limited (MFM.V)
Marifil Mines Ltd. engages in the acquisition, exploration, and evaluation of mineral resource properties in Argentina. It explores for silver, gold, copper, nickel, limestone, potash, sulfur, zinc, lithium, lead, indium, platinum, cobalt, uranium, and base metals, as well as for oil and gas in Rio Negro, San Luis, Chubut, Neuquen, Mendoza, Salta, Santa Cruz, and Catamarca provinces. The company was incorporated in 2003 and is based in Vancouver, Canada.
5 Best Stocks To Invest In Right Now: Atlantic Power Corp (AT)
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada. The Company
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