Best Penny Stocks To Own Right Now

Michael Kors Holdings (KORS) tumbled to the bottom of the S&P 500 today after beating earnings forecasts but offering disappointing guidance.

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Michael Kors dropped 11% to $36.82, while the S&P 500 finished little changed at 2,293.08.

Cowen’s Oliver Chen and team write that they cut estimates before Michael Kors reported but not enough:

KORS stock likely to trade down -MSD as we proactively cut estimates ahead of 3Q print, but still not enough given 3Q comps missed at -6.4% C/C (vs Street’s -5.1%) w/ gross margins also lower by -90bps, while adj. EPS of $1.64 beat by a penny on better SG&A. FY17 guide lowered on comps, plus EPS cut by ~-6% on headwinds in N. America & Europe. We rate KORS Market Perform.

Michael Kors’ market capitalization fell to $6.1 billion today from $6.8 billion yesterday.

Best Penny Stocks To Own Right Now: The Hackett Group Inc.(HCKT)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Wednesday, industrial shares were relative laggards, down on the day by about 0.20 percent. Meanwhile, top losers in the sector included The Hackett Group, Inc. (NASDAQ: HCKT), down 22 percent, and PC Tel Inc (NASDAQ: PCTI), down 18 percent.

Best Penny Stocks To Own Right Now: Rowan Companies Inc.(RDC)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Go back a year, and offshore drillers like Noble (NE), Rowan (RDC), Transocean (RIG) and Atwood Oceanics (ATW) had been all but written off–until they weren’t anymore. Since then, investors have been rewarded for picking winners in the group from the losers, as Atwood Oceanics has more than doubled, Transocean has gained 34%, and Rowan has risen 42%, while Noble and Diamond Offshore Drilling (DO) have dropped 13%.

  • [By Jon C. Ogg]

    Rowan Companies plc (NYSE: RDC) closed up 15.1% at $17.84 and the 5.2 million shares traded was just 1.3 times normal trading volume. Rowan has a consensus analyst price target of $15.04 and a 52-week trading range of $10.67 to $20.88. The company has a total market cap of $2.2 billion.

Best Penny Stocks To Own Right Now: SPAR Group Inc.(SGRP)

Advisors’ Opinion:

  • [By Jim Robertson]

    On Wednesday, our Under the Radar Moversnewsletter suggested going long on small cap international merchandising and marketing services stockSPAR Group Inc (NASDAQ: SGRP):

Best Penny Stocks To Own Right Now: Key Tronic Corporation(KTCC)

Advisors’ Opinion:

  • [By Lisa Levin]

    Computer Peripherals: This industry rose 2.21% by 10:15 am ET. The top performer in this industry was Key Tronic (NASDAQ: KTCC), which gained 0.3%. Key Tronic’s trailing-twelve-month ROE is 14.57%.

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