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While author Michael Lewis was researching his book “Moneyball,” he was in the Oakland A’s locker room and noticed how unfit the naked players were when coming from the shower. When he mentioned to the manger that no one would know these guys were baseball players, the manager responded, “That’s the point, because those players were undervalued in the marketplace and one part of that was the way they looked.”
Much like an investment manager, the Oakland A’s were going into the market looking for undervalued products and “inefficiencies.” Lewis spoke to a packed room of investment managers attending the Morningstar Investment Conference in Chicago on Thursday.
His book “Flash Boys” looked at the world of high-frequency trading, the extreme of pure algorithmic trading. The book uncovered questionable trading methods of HFTs and shined a harsh light on stock exchanges, which allowed certain traders an edge and were providing kickbacks to brokers. Lewis noted that after the book came out, one huge manager measured the impact of HFT scalping on their portfolio and found it was 30 basis points lost per year, which on a $1 billion fund “is a lot of money,” Lewis said.
Hot Undervalued Stocks To Invest In Right Now: EOG Resources, Inc.(EOG)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Finally, there’s EOG Resources (EOG) . The stock is putting in a double bottom and if support holds up at $91 to $93, the stock could quickly head to $106, Boroden’s work suggests.
- [By Paul Ausick]
EOG Resources Inc. (NYSE: EOG) traded up about 2.2% at $97.32. The 52-week range is $57.15 to $98.32.
The United States Natural Gas ETF (NYSEMKT: UNG) traded up about 3.2% at $7.96 in a 52-week range of $5.78 to $9.64.
- [By WWW.THESTREET.COM]
Cramer said he tried to buck this trend by investing in EOG Resources (EOG) and Marathon Oil (MRO) but was wrong on both counts. In the case of EOG, even having the best properties wasn’t enough to ward off the collapse in oil prices. Meanwhile, Marathon’s decision to spin off its refining business left it with no cushion to stem its losses.
- [By WWW.THESTREET.COM]
With the Federal Reserve eyeing four possible rate hikes, Cramer said is not the time to give up on the banks, which is why he owns Citigroup (C) for Action Alerts PLUS. Cramer said he wouldn’t give up on Dow Chemical (DOW) , Arconic (ARNC) or the oil stocks either, as oil will be resuming its climb after this brief pause. He recommended EOG Resources (EOG) as a favorite in that group.
Hot Undervalued Stocks To Invest In Right Now: Coca-Cola Enterprises, Inc.(CCE)
Advisors’ Opinion:
- [By Lisa Levin] Related LOV Match Group And Spark Networks: A Valentine's Day Case Study 20 Biggest Mid-Day Losers For Thursday
Related VKTX 15 Biggest Mid-Day Losers For Tuesday 18 Biggest Mid-Day Losers For Wednesday Companies Reporting Before The Bell
Canadian Solar Inc. (NASDAQ: CSIQ) is expected to report its quarterly earnings at $0.32 per share on revenue of $690.27 million.
General Mills, Inc. (NYSE: GIS) is projected to report its quarterly earnings at $0.71 per share on revenue of $3.84 billion.
Coca-Cola European Partners Plc (NYSE: CCE) is estimated to report its quarterly earnings at $0.45 per share on revenue of $2.72 billion.
Lands' End, Inc. (NASDAQ: LE) is expected to report its quarterly earnings at $0.35 per share on revenue of $459.43 million.
Francesca's Holdings Corp (NASDAQ: FRAN) is estimated to report its quarterly earnings at $0.37 per share on revenue of $145.91 million.
Cheetah Mobile Inc (ADR) (NYSE: CMCM) is projected to report its quarterly earnings at $0.06 per share on revenue of $178.04 million.
Neogen Corporation (NASDAQ: NEOG) is estimated to report its quarterly earnings at $0.27 per share on revenue of $90.05 million.
Lennar Corporation (NYSE: LEN) is projected to post earnings for its first quarter.
Fifth Street Asset Management Inc (NASDAQ: FSAM) is expected to report its quarterly earnings at $0.14 per share on revenue of $25.12 million.
Hot Undervalued Stocks To Invest In Right Now: The Advisory Board Company(ABCO)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Advisory Board (ABCO) on Friday reached a settlement with activist investor Elliott Management’s Paul Singer that ends the threat of a director battlefor nowas the healthcare technology and consulting firm continues to explore strategic alternatives, such as a sale.
Hot Undervalued Stocks To Invest In Right Now: Talisman Energy Inc.(TLM)
Advisors’ Opinion:
- [By Jayson Derrick]
On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.
Hot Undervalued Stocks To Invest In Right Now: Cliffs Natural Resources Inc.(CLF)
Advisors’ Opinion:
- [By Matthew DiLallo]
Shares of Cliffs Natural Resources (NYSE:CLF) rocketed on Thursday and were up more than 16% by 2:30 p.m. EST after the iron ore miner reported expectation-beating fourth-quarter results.
- [By Javier Hasse]
Steel stocks are spiking on Monday afternoon, with AK Steel Holding Corporation (NYSE: AKS) up almost 7.5 percent, United States Steel Corporation (NYSE: X) up about 6.4 percent, Cliffs Natural Resources Inc (NYSE: CLF) up more than 1 percent and Mechel PAO (ADR) (NYSE: MTL) up 16.8 percent. The stocks are not being helped by a few analyst upgrades (although, surely not hurt by them), but seem to be mostly rallying on the back of Donald Trump’s election as president of the United States.
- [By Lisa Levin]
Basic materials sector was the top gainer in the US market on Monday. Top gainers in the sector included Haynes International, Inc. (NASDAQ: HAYN), Cliffs Natural Resources Inc (NYSE: CLF), and Olympic Steel, Inc. (NASDAQ: ZEUS).
- [By Lisa Levin]
In trading on Tuesday, basic materials shares fell 1.99 percent. Meanwhile, top losers in the sector included Cliffs Natural Resources Inc (NYSE: CLF), down 9 percent, and AK Steel Holding Corporation (NYSE: AKS), down 9 percent.
- [By Elizabeth Balboa]
U.S. Steel was trading up 8.1 percent, AK Steel 4.5 percent, Cliffs Natural Resources Inc (NYSE: CLF) 7.7 percent and Steel Dynamics, Inc. (NASDAQ: STLD) 5.4 percent at the time of publication.
