Top 10 Penny Stocks To Watch For 2014
It was a strange week on Wall Street, highlighted by a slew of earnings reports, an economic slowdown in China, and an epic fall for gold. At the end of the week, the Dow Jones Industrial Average (DJINDICES: ^DJI ) had fallen 2.14% and the S&P 500 (SNPINDEX: ^GSPC ) was off 2.11%. The biggest data point investors should be concerned with was 7.7% GDP growth in China, which fell short of the 8% estimate. Growth of 7.7% would be a blistering pace in the U.S., but in China it’s a snail’s pace, and the country’s growth has been the one bright spot for the global economy.
There was some good news on the market this week. Here are the top three stocks on the Dow.
Coca-Cola (NYSE: KO ) was the biggest winner, jumping 3.8% this week. The company made all of its gains on Tuesday after it reported first-quarter earnings. Revenue fell 0.9% in the quarter, but earnings of $0.46 per share were enough to beat expectations by a penny, and investors rejoiced at the news. Coca-Cola is obviously not a high growth stock these days, but it has very steady earnings, and investors will pay a premium for that in uncertain economic times.
Top 10 Penny Stocks To Watch For 2014: Enstar Group Limited (ESGR)
Enstar Group Limited, through its subsidiaries, acquires and manages insurance and reinsurance companies in run-off. The company settles insurance and reinsurance claims. It also offers management and consultancy, claims inspection, and reinsurance collection services to its affiliates and third-party clients. The company operates in the United States, Bermuda, the United Kingdom, Europe, and Australia. Enstar Group Limited was formerly known as Castlewood Holdings Limited and changed its name to Enstar Group Limited. Enstar Group Limited was founded in 2001 and is based in Hamilton, Bermuda.
Top 10 Penny Stocks To Watch For 2014: (ENTI)
Encounter Technologies, Inc. operates as an online video distribution and technology company that launches proprietary syndication platforms and offers a range of video technology and distribution services to other companies. The company develops and programs solutions for the online streaming, distribution, and networking, as well as for the social network and distribution platforms. It offers end-to-end technology and online marketing services, including design, build, hosting, and online marketing support. The company primarily operates GlobalAdOn.com, a patented technology for the yellow pages publishing industry. Its sales and management platform facilitates the sales and video production process for Internet yellow page publishers and their sales forces, as well as integrates and facilitates various processes, such as video shoot, sales rep, and publisher. The company was formerly known as Encounter.com, Inc. and changed its name to Encounter Technologies, Inc. in De cember 2009. Encounter Technologies, Inc. is based in Fort Myers, Florida.
- [By Stock Chaser]
Encounter Technologies, Inc. (PINK:ENTI) is up 75% at $0.0007 with an intraday high of $0.0008. Encounter Technologies announced today that they are in strategic discussions with Pegasus Tel, Inc.
Top 10 Defensive Companies To Buy Right Now: Capital Product Partners L.P.(CPLP)
Capital Product Partners L.P., a shipping company, provides seaborne transportation of refined oil products and chemicals. It provides marine transportation services under medium- to long-term time charters or bareboat charters. As of July 13, 2011, the company?s fleet consisted of 22 double-hull tankers, including 18 medium range (MR) tankers, 2 small product tankers, 1 Suezmax crude oil tanker, and 1 Capesize bulk carrier. Its tankers are capable of carrying crude and refined oil products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, including ethanol. Capital GP L.L.C. operates as a general partner of the company. Capital Product Partners L.P. was founded in 2007 and is headquartered in Piraeus, Greece.
Top 10 Penny Stocks To Watch For 2014: China Ceramics Co. Ltd.(CCCL)
China Ceramics Co., Ltd. engages in the manufacture and sale of ceramic tiles used for exterior siding, interior flooring, and design in residential and commercial buildings primarily in the People’s Republic of China. It offers porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles, and ultra-thin tiles under the Hengda, Hengdeli, TOERTO, and WULIQIAO brand names. The company primarily sells its products through a distributor network, as well as directly to property developers. China Ceramics Co., Ltd. is based in Jinjiang City, the People’s Republic of China.
Top 10 Penny Stocks To Watch For 2014: Psychemedics Corporation(PMD)
Psychemedics Corporation provides testing services for the detection of abused substances through the analysis of hair samples primarily in the United States. The company provides commercial testing and confirmation by mass spectrometry using various practices for cocaine; marijuana; PCP; methamphetamine, including Ecstasy; and opiates comprising heroin, hydrocodone, hydromorphone, and oxycodone. Its tests provide information that indicates the approximate amount of drug ingested, as well as historical data, which shows a pattern of individual drug used over a period of time. The company offers its services to employers for applicant and employee testing, as well as to physicians, treatment professionals, law enforcement agencies, school administrators, parents concerned about their children?s drug use, and other individuals or entities engaged in business where drug use or potential drug use is an issue. Psychemedics markets its corporate drug testing services primarily t hrough its own sales force; and home drug testing service, PDT-90, through the Internet and retail distributors. The company was founded in 1985 and is based in Acton, Massachusetts.
Top 10 Penny Stocks To Watch For 2014: Central Federal Corporation(CFBK)
Central Federal Corporation operates as the holding company for CFBank that provides various financial services. It accepts various deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposit. The company?s loan portfolio comprises commercial, commercial real estate, and multi-family mortgage loans; single-family real estate loans; construction, land, and land development loans; and consumer loans, including home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. It also provides online Internet banking, mobile banking, remote deposit, corporate cash management, and telephone banking services. Central Federal Corporation operates through four branch offices located in Summit, Columbiana, and Franklin Counties, Ohio. The company was formerly known as Grand Central Financial Corp. The company was founded in 1892 and is headquartered in Fairlawn, Ohio.< /p> Advisors’ Opinion:
- [By Curtis]
Central Federal is the holding company for CFBank, an Ohio-based community-oriented financial institution offering financial services.
Shares rallied in January after Central Federal said it had regained compliance with the Nasdaq’s minimum bid price requirement. The stock was subject to delisting if it didn’t close above $1 a share for a period of time. In February, Eloise Mackus, who had been serving as the company’s interim CEO since May 2010, was officially appointed to the top executive position.
Current Share Price: $1.39 (March 29)
First Quarter Total Return: 172%
Analyst Ratings: Central Federal isn’t followed by research analysts. However, TheStreet Ratings has a "sell" recommendation on Central Federal, noting "disappointing return on equity and weak operating cash flow."
Top 10 Penny Stocks To Watch For 2014: Universal Travel Group(UTA)
Universal Travel Group, together with its subsidiaries, operates as a travel service provider offering air ticketing and hotel booking services, as well as domestic and international packaged tourism services via the Internet, customer representatives, and kiosks in the People?s Republic of China. It also provides technological solutions to travel reservations, and tour planning and tour guide services. In addition, the company operates TRIPEASY Kiosks, which are placed in hotels, office buildings, banks, shopping malls, and MTR stations for travel booking with credit cards or bank debit cards. Universal Travel Group is headquartered in Shenzhen, the People?s Republic of China.
- [By Louis Navellier]
As China’s economy grows, the Chinese middle class has taken flight — literally. Providing the travel arrangements for this newfound class of Chinese travelers is Universal Travel Group (UTA).
The company provides domestic and international airline ticketing services, along with cargo transportation agency services. But it’s not just flights that UTA helps citizens book. The company also provides hotel reservations, tour planning, ground transportation, railway and express delivery and air delivery services.
UTA is the travel agency in China, and considering the shares have booked a 190% gain over the past 12 months, it certainly seems like the sky is the limit for UTA.
I rate UTA an A, making it a strong buy.
Top 10 Penny Stocks To Watch For 2014: Pinnacle Airlines Corp.(PNCL)
Pinnacle Airlines Corp., through its subsidiaries, operates as an independent regional airline company in the United States. It operates an all-regional jet fleet under two capacity purchase agreements (CPA) with Delta Air Lines, Inc. (Delta), providing regional airline capacity to Delta from Delta?s hub airports in Atlanta, Detroit, Memphis, New York City, and Minneapolis/St. Paul. The company also operates an all-turboprop fleet under a regional airline CPA with United Continental Holdings, Inc., Continental Airlines, Inc., and United Airlines, Inc. (United); and under revenue pro-rate agreements with United and US Airways Group, Inc. primarily in the northeastern United States and in Texas. As of December 31, 2010, Pinnacle Airlines Corp. offered scheduled passenger service with approximately 1,400 total daily departures to a 317 destinations with an aircraft fleet of 202 regional jet aircrafts and 81 turboprop aircrafts. The company was founded in 1985 and is headquart ered in Memphis, Tennessee.
Top 10 Penny Stocks To Watch For 2014: China Advanced Construction Materials Group Inc.(CADC)
China Advanced Construction Materials Group, Inc., through its subsidiaries, produces and supplies ready mix concrete materials for the commercial, residential, and infrastructure developments primarily in the People?s Republic of China. The company offers common industry mixtures, such as ready-mix concrete blends, controlled low-strength materials, high-strength concrete products with customized fibers, and soil cement products. It also provides industry leading mixtures, including compound admixture concrete, lightweight aggregate concrete, thermostat concrete, and C100 concrete products. The company was founded in 2007 and is based in New York, New York.
Top 10 Penny Stocks To Watch For 2014: Helios Strategic Income Fd Inc (HSA)
Helios Strategic Income Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Brookfield Investment Management Inc. It operates as a diversified and closed-end management investment company. The fund primarily invests in debt securities and equity securities. Its portfolio of investments includes investments in corporate bonds, home equity loans, commercial loans, franchise loans, equipment leases, manufactured housing, common stock, collateralized debt obligations, certificate-backed obligations, collateralized mortgage obligations, and government agency securities. It was formerly known as RMK Strategic Income Fund, Inc. Helios Strategic Income Fund, Inc. was founded in 2004 and is based in Memphis, Tennessee.
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