Top 5 Undervalued Stocks To Buy Right Now

Teck Resources (NYSE:TECK) performed exceptionally well in 2016, rising from the low single digits to the mid-$20s. I don’t think the stock will repeat that strong performance in 2017. However, I do think the stock will outperform the S&P 500 with strong double-digit gains. Teck Resources’ recent 20% pullback has the stock at an oversold level. The stock remains undervalued as compared to its peers and the broader market. The company has multiple catalysts that will drive the stock’s outperformance from this undervalued level.

Click to enlarge

Teck Resources is poised to benefit from an improving economy and from President-elect, Donald Trump’s plan to spend $1 trillion on U.S. infrastructure over a 10-year period. New construction starts are expected to increase 5% in 2017. That forecast was projected before the U.S. Presidential election. So, if Trump gets his infrastructure plan passed, we could see a higher percentage increase in construction spending. Teck Resources will benefit from its mining of copper, metallurgical coal and other minerals.

Top 5 Undervalued Stocks To Buy Right Now: 1-800 FLOWERS.COM Inc.(FLWS)

Advisors’ Opinion:

  • [By Danny Vena]

    Online florist 1-800-FLOWERS.COM(NASDAQ:FLWS) launched its chatbot to help customers place an order or connect them with a human customer service representative. The response from its consumers has been uniformly positive. It found the majority of its customers were comfortable with its bot, especially millennials.

  • [By Wayne Duggan]

    U.S. retailers performed poorly during the Christmas holiday season, but companies in the Valentine’s Day business are hoping that Americans will spend generously in the name of love this year. These names include flower delivery company 1-800-Flowers.Com Inc (NASDAQ: FLWS), L Brands Inc (NYSE: LB) (owner of both Victoria’s Secret and Bath & Body Works), Church & Dwight Co., Inc. (NYSE: CHD) (owner of Trojan brand condoms), candy giant Hershey Co (NYSE: HSY) and luxury jeweler Tiffany & Co. (NYSE: TIF).

Top 5 Undervalued Stocks To Buy Right Now: Ionis Pharmaceuticals, Inc.(IONS)

Advisors’ Opinion:

  • [By Keith Speights]

    Research and development is the lifeblood of biotech companies. The potential for new drugs also serves as a primary factor driving biotech stocks higher and higher. That’s been the case for Celgene (NASDAQ:CELG), Ionis Pharmaceuticals (NASDAQ:IONS), and Ligand Pharmaceuticals (NASDAQ:LGND).

  • [By Elizabeth Balboa]

    Here is a preview of the offerings set between June 27 and June 30.

    11 IPOs This Week Avenue Therapeutics, Inc. (ATXI) will issue 5 million shares between $5 and $7 Tuesday on the Nasdaq. A Fortress Biotech Inc (NASDAQ: FBIO) subsidiary, the pharmaceutical acquires, develops and commercializes products for in-hospital use, such as its post-operative palliative. Esquire Financial Holdings, Inc. (ESQ) will issue more than 2.36 shares between $14 and $16 Tuesday on the Nasdaq. The business-focused commercial bank has two locations in New York and Florida. Mersana Therapeutics, Inc. (MRSN) will issue 5 million shares between $14 and $16 Wednesday on the Nasdaq. The clinical-stage pharmaceutical specializes in immunoconjugate therapies targeting diverse forms of cancer. TPG Pace Holdings Corp. (TPGHU) will issue 40 million shares at $10 Wednesday on the New York Stock Exchange. Formed by TPG, the firm acquires relevant businesses and stocks across industries, from health care and digital media to real estate and energy. Aileron Therapeutics Inc (ALRN) will issue 3.75 million shares between $15 and $17 Thursday on the Nasdaq. The biopharmaceutical firm targets suppressor proteins to halt tumor progression. Blue Apron Holdings, Inc. (APRN) will issue 30 million shares between $15 and $17 Thursday on the NYSE. The meal-kit service delivers pre-portioned ingredients directly to the consumer. Byline Bancorp, Inc. (BY) will issue 5.7 million shares between $19 and $21 Thursday on the NYSE. The century-old commercial bank has more than 50 branches in the Chicago and Milwaukee areas with offices nationwide. Dova Pharmaceuticals, Inc.(DOVA) will issue more than 4.06 million shares between $15 and $17 Thursday on the Nasdaq. As a clinical-stage company, Dova acquires, develops and commercializes drug candidates for rare diseases. Tintri, Inc. (TNTR) will issue 8.7 million shares between $10.50 and $12.50 Thursday on the Nasdaq. With cloud management software, all-flash stor

  • [By Brian Orelli]

    Ionis Pharmaceuticals (NASDAQ:IONS) gave investors an update on its pipeline today with a slide deck that contained a whopping 65 entries. The whole presentation is worth a listen, but here are the five slides investors absolutely must see.

Top 5 Undervalued Stocks To Buy Right Now: SPDR S&P Bank ETF (KBE)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Shares of Bank of America have tumbled 4.7% to $23.30 at 11:30 a.m. today, Morgan Stanley has fallen 3.4% to $43.06, Goldman Sachs has declined 2.6% to $235.95, and Leucadia National is off 1.6% to $25.86. The SPDR S&P Bank ETF (KBE) has dropped 3.9% to $42.23.

  • [By Ben Levisohn]

    Shares of Wells Fargo have dropped 2.2% to $52.08 at 2:17 p.m. today, while the SPDR S&P Bank ETF (KBE) has risen 0.1% to $40.05, and the Financial Select Sector SPDR ETF (XLF) has fallen 0.7% to $22.06.

  • [By Ben Levisohn]

    Heck, it might just be easier to buy the lot, especially if you think earnings will be awesome. There’s an ETF for that you know (the SPDR S&P Bank ETF (KBE))?

  • [By ]

    Shares of banks have underperformed this year on a narrow net interest margin, the difference between long-term and short-term rates, and continued regulatory costs from post-crisis legislation. The SPDR S&P Bank ETF (NYSE: KBE) has returned just 3.3% this year versus a 15% increase in the broader S&P 500 index.

  • [By Ben Levisohn]

    Shares of Citigroup have surged 1.2% to $56.48 at 11:09 a.m. today, while JPMorgan Chase has risen 1.2% to $85.67, Wells Fargo has advanced 0.5% to $56.22, and Bank of America has climbed 1.9% to $23.08. The SPDR S&P Bank ETF (KBE) is up 0.8% at $43.80.

  • [By Ben Levisohn]

    The market clearly likes the rate hike today. The S&P 500 has gained 1% to2,388.03 at 3:01 p.m. today. The Financial Select Sector SPDR ETF (XLF) has is little changed at $24.78, while the SPDR S&P Bank ETF (KBE) has dropped 0.7% to $44.59.

Top 5 Undervalued Stocks To Buy Right Now: NO Name(ACI)

Advisors’ Opinion:

  • [By Robert Weinstein]

    Lawsuit after lawsuit, a billion dollars in cost overruns, taxpayer subsidies and the most expensive coal plant to operate causing electric rates to skyrocket, if this becomes the norm. The new project is called Plant Ratcliffe by Southern Co.
    Plant Ratcliffe is quite the boondoggle, but proponents say it always costs more to build the first one and costs will come down as the technology improves. More plants are in the planning stages and may bring a needed shot in the arm to mining stocks.
    Alpha Natural Resources (ANR), Walter Energy (WLT), Arch Coal (ACI), Cliffs Natural Resources (CLF), Peabody Energy (BTU), and James River Coal (JRCC) are companies that may benefit from increased demand for coal.
    Not all coal or coal companies are equal, so it’s crucial to discriminate based on your investment time-horizon goals. With that said, the announcement should have been followed by a deep sell-off in coal and utility related stocks. But something happened.
    Or, rather, didn’t happen.
    The above coal stocks didn’t sell off tremendously and are largely moving along with the rest of the market today. This is noteworthy because stocks don’t bottom on good news, they reach a bottom on awful news. Let me explain: When a stock chart continues trending lower, what you’re witnessing is investors throwing in the towel and moving on.
    Leaving aside bankruptcies for a moment, almost all stocks have a core group of investors that are commonly known as the “strong hands.” A stock is at the bottom when the weak hands are gone. At some point, distressing news (like an unfavorable EPA announcement regarding coal) hits the wire and the related stock or stocks react with little or no movement. This is what we are witnessing right now in coal-related companies.

Top 5 Undervalued Stocks To Buy Right Now: Glu Mobile Inc.(GLUU)

Advisors’ Opinion:

  • [By Peter Graham]

    The Q4 2016 earnings report for small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU)is scheduled for after the market closes onWednesday (February 8). In the past, our SmallCap Network Elite Opportunity (SCN EO) portfolio had open positions in other mobile game stocks with our SCN EO newsletter notingin August 2015 before that summers market meltdown:

  • [By Peter Graham]

    Small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU) reportedQ2 2017 earnings after the market closed on Tuesday. Revenue grew 42% year over year to $68.7 million while bookingsincreased 62% to$82.5 million (whichexceed high end of guidance) and Design Home peaked as the#17 top grossing game on U.S. App Store for iPhone. The net loss was $23.568 million versus a net loss of $17.949 million. The Company also raised 2017 full year bookings guidance to a range of $307 million to $312 million.

  • [By Harsh Chauhan]

    Mobile gaming specialist Glu Mobile’s (NASDAQ:GLUU) net loss almost tripled in the first quarter despite a slight jump in revenue from the prior-year period. Its adjusted net loss of $0.15 per share was more than twice than Wall Street’s expectations of a $0.07-per-share loss.

  • [By Peter Graham]

    A long term performance chart shows that Zynga Inc largely moving sideways for the pastthree years or sowhile remaining small cap mobile gaming stockGlu Mobile Inc (NASDAQ: GLUU) has underperformed andlarge capActivision Blizzard continues to have a good run:

  • [By Jim Robertson]

    The gaming space has a reputation for beingdominated by male gamers and full of big-budget combat and action orientated games geared for men. However, thats not necessarily the case. Last December, Glu Mobile Inc (NASDAQ: GLUU)bought CrowdStarfor $45 million acquiring a game publisher that has had rare success with female gamers throughitsCovet Fashionwhile its last independently produced title, Design Home, has also proved to be another hit with women (about 90% ofDesign Homesplayers are female who are a little older than the Covet Fashion audience).

  • [By Peter Graham]

    A long term performance chart shows that Zynga Inc peaked after the IPO, but has at least been less volatile since then compared to the performance of remaining small cap mobile gaming stockGlu Mobile Inc (NASDAQ: GLUU) and large capActivision Blizzard:

Leave a Reply

Your email address will not be published. Required fields are marked *