Top 5 Penny Stocks To Buy For 2019

Shares of tech giants Apple (AAPL ) and Nvidia (NVDA ) opened nearly 2% lower on Thursday after Taiwan Semiconductor Manufacturing (TSM ) , a key chip partner for both companies, posted lower-than-expected revenue guidance for the second quarter.

Taiwan Semiconductor said Thursday its revenue for the June quarter will likely fall in the range of $7.8 billion to $7.9 billion, lagging our consensus estimate of $8.5 billion.

“Moving into second quarter 2018, continued weak demand from our mobile sector will negatively impact our business despite strength in cryptocurrency mining,” said CFO Lora Ho in a statement.

The company posted adjusted earnings of 59 cents per share for the first quarter, missing the Zacks Consensus Estimate by a penny. Meanwhile, Q1 revenue outpaced our consensus estimate and improved nearly 13% from the year-ago period to reach $8.5 billion.

TSMC is the largest semiconductor foundry company in the world and provides chips for major tech firms like Apple and Nvidia. The Hsinchu, Taiwan-based manufacturer holds a roughly 56% share of the global chip foundry market.

Top 5 Penny Stocks To Buy For 2019: Eagle Bulk Shipping Inc.(EGLE)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Several brokerages have updated their recommendations and price targets on shares of Eagle Bulk Shipping (NASDAQ: EGLE) in the last few weeks:

    7/2/2018 – Eagle Bulk Shipping was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating. 6/28/2018 – Eagle Bulk Shipping was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/18/2018 – Eagle Bulk Shipping is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $6.50 price target on the stock. 6/18/2018 – Eagle Bulk Shipping is now covered by analysts at DNB Markets. They set a “buy” rating on the stock. 6/12/2018 – Eagle Bulk Shipping was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/2/2018 – Eagle Bulk Shipping was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating. 6/2/2018 – Eagle Bulk Shipping was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 5/29/2018 – Eagle Bulk Shipping is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $7.50 price target on the stock. 5/15/2018 – Eagle Bulk Shipping was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. “ 5/9/2018 – Eagle Bulk Shipping had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $6.00 price target on the

  • [By Joseph Griffin]

    Eagle Bulk Shipping Inc. (NASDAQ:EGLE) major shareholder Goldentree Asset Management Lp acquired 84,969 shares of the business’s stock in a transaction on Monday, February 11th. The shares were bought at an average cost of $4.02 per share, for a total transaction of $341,575.38. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Top 5 Penny Stocks To Buy For 2019: Archer-Daniels-Midland Company(ADM)

Advisors’ Opinion:

  • [By Lee Jackson]

    This is a very solid play for rocky markets and is offering a very reasonable entry point. Archer Daniels Midland Co. (NYSE: ADM) is a large agricultural services company with almost $90 billion in sales. It is in the business of converting agricultural harvest such as corn, wheat, soybeans and other products into basic ingredients for both consumer and industrial product manufacturers. Its main business lines are focused on oilseed processing, corn processing and agricultural services.

  • [By Stephan Byrd]

    Natixis Advisors L.P. increased its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 32.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 264,276 shares of the company’s stock after purchasing an additional 65,246 shares during the period. Natixis Advisors L.P.’s holdings in Archer Daniels Midland were worth $11,461,000 at the end of the most recent reporting period.

  • [By Stephan Byrd]

    Lord Abbett & CO. LLC trimmed its position in Archer Daniels Midland Co (NYSE:ADM) by 14.3% during the 1st quarter, Holdings Channel reports. The firm owned 896,000 shares of the company’s stock after selling 149,800 shares during the period. Lord Abbett & CO. LLC’s holdings in Archer Daniels Midland were worth $38,860,000 at the end of the most recent quarter.

  • [By Max Byerly]

    Northwestern Mutual Investment Management Company LLC lowered its position in shares of Archer Daniels Midland Co (NYSE:ADM) by 19.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,795 shares of the company’s stock after selling 24,526 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Archer Daniels Midland were worth $4,415,000 at the end of the most recent reporting period.

  • [By Maxx Chatsko]

    Here’s how the rule change could permanently lift the fortunes of the nation’s largest ethanol manufacturers, including Archer Daniels Midland (NYSE:ADM), Valero (NYSE:VLO), and Green Plains (NASDAQ:GPRE).

Top 5 Penny Stocks To Buy For 2019: Investors Real Estate Trust(IRET)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Motley Fool Transcribing]

    Investors Real Estate Trust (NYSE:IRET) Q1 2019 Earnings Conference CallSep. 11, 2018 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator 

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Motley Fool Staff]

    Investors Real Estate Trust (NYSE:IRET) Q4 2018 Earnings Conference CallJun. 28, 2018 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

Top 5 Penny Stocks To Buy For 2019: Sanderson Farms Inc.(SAFM)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Federated Investors Inc. PA cut its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 71.5% in the first quarter, HoldingsChannel reports. The firm owned 20,286 shares of the company’s stock after selling 51,010 shares during the quarter. Federated Investors Inc. PA’s holdings in Sanderson Farms were worth $2,415,000 at the end of the most recent reporting period.

  • [By Motley Fool Transcribers]

    Sanderson Farms Inc (NASDAQ:SAFM)Q3 2018 Earnings Conference CallAug. 23, 2018, 11:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Lisa Levin]

    Breaking news

    Best Buy Co., Inc. (NYSE: BBY) reported better-than-expected earnings for its first quarter.
    Sanderson Farms, Inc. (NASDAQ: SAFM) reported weaker-than-expected results for its second quarter.
    Medtronic plc (NYSE: MDT) reported upbeat earnings for its fourth quarter on Thursday.
    Williams-Sonoma, Inc. (NYSE: WSM) reported stronger-than-expected results for its first quarter. The company also raised its FY18 earnings and sales guidance.

  • [By Shane Hupp]

    Sanderson Farms, Inc. (NASDAQ:SAFM) announced a quarterly dividend on Friday, September 21st, Wall Street Journal reports. Stockholders of record on Tuesday, October 2nd will be given a dividend of 0.32 per share on Tuesday, October 16th. This represents a $1.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, October 1st.

Top 5 Penny Stocks To Buy For 2019: Rowan Companies Inc.(RDC)

Advisors’ Opinion:

  • [By Max Byerly]

    Shares of Rowan Companies PLC (NYSE:RDC) rose 0.8% during mid-day trading on Thursday . The company traded as high as $16.36 and last traded at $16.09. Approximately 144,835 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 2,492,971 shares. The stock had previously closed at $16.22.

  • [By Matthew DiLallo]

    While September was a good month for Ensco, the company made an even bigger splash in October by agreeing to buy fellow offshore driller Rowan (NYSE:RDC) in an all-stock deal. Ensco believes that the combination with Rowan will generate $150 million in annual cost savings while boosting its cash flow per share starting in 2020. It’s the company’s second major deal since the oil market downturn began; it bought Atwood Oceanics last year for $6.9 billion.

  • [By Travis Hoium, Jason Hall, and Matthew DiLallo]

    And while offshore still has a ways to go, I think investors should do well to buy Ensco at current prices. At recent prices, its shares trade for about 24% of tangible book value. Furthermore, it’s also a 23% discount to the book value of Rowan Companies (NYSE:RDC), which will merge with Ensco sometime in the first half of the year. It’s a substantial discount to more typical book value multiples these companies have carried during healthy offshore drilling environments:

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