Top Low Price Stocks To Buy Right Now

The recent earning announcement on May 31, 2017 created sudden fear in the public’s mind and brought the stock price of Michael Kors (NYSE:KORS) down by around 9% in one day. As of this writing, the price remains at $33. In this article, I will discuss one negative and five positives, and explain why you should consider buying the stock at this low price.

One Negative

One negative, but a big one, that dragged down the stock price was the earning disappointment mainly driven by the macroeconomic situations in retail sector.

The entire retail sector has faced strong headwinds in recent years due to the emergence of online retailers (predominantly Amazon (NASDAQ:AMZN)), a strong dollar and a reduced number of tourists shopping in the U.S. The affected companies include Macy’s (NYSE:M), JCPenny (NYSE:JCP), Coach (NYSE:COH), Michael Kors, etc. The negative trends have driven down the stock price of the affected companies significantly in recent years, and the concern is legitimate in general,

Top Low Price Stocks To Buy Right Now: OGE Energy Corporation(OGE)

Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on OGE Energy (OGE)

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

  • [By Ethan Ryder]

    Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

    Get OGE Energy alerts:

    $0.96 Earnings Per Share Expected for OGE Energy Corp. (OGE) This Quarter (americanbankingnews.com) Commerce secretary faces scrutiny for investments, not selling certain holdings (washingtonpost.com) OGE Energy Corp. (OGE) VP Sells $92,252.23 in Stock (americanbankingnews.com) OGE Energy Corp. (OGE) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com) CenterPoint Energy announces pricing of Series A Perpetual Preferred Stock Offering (finance.yahoo.com)

    OGE has been the subject of several recent research reports. Bank of America upped their price target on OGE Energy from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Zacks Investment Research upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, April 24th. ValuEngine upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. UBS Group upped their price target on OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, Goldman Sachs Group downgraded OGE Energy from a “buy” rating to a “neutral” rating in a report on Sunday, June 24th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.83.

  • [By Shane Hupp]

    OGE Energy (NYSE:OGE) was downgraded by analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Sunday, Marketbeat.com reports. The analysts noted that the move was a valuation call.

  • [By Max Byerly]

    OGE Energy Corp. (NYSE:OGE) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $36.75.

Top Low Price Stocks To Buy Right Now: ImmuCell Corporation(ICCC)

Advisors’ Opinion:

  • [By Stephan Byrd]

    ImmuCell (NASDAQ:ICCC) released its quarterly earnings results on Monday. The biotechnology company reported ($0.04) earnings per share for the quarter, Bloomberg Earnings reports. ImmuCell had a negative net margin of 1.61% and a negative return on equity of 0.79%.

  • [By Max Byerly]

    ImmuCell Co. (NASDAQ:ICCC) Director David Scott Tomsche purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of $6.67 per share, with a total value of $20,010.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Top Low Price Stocks To Buy Right Now: Prudential Global Short Duration High Yield Fund, Inc.(GHY)

Advisors’ Opinion:

  • [By Logan Wallace]

    Vident Investment Advisory LLC lifted its position in PGIM Global Short Duration Hgh Yd Fd Inc (NYSE:GHY) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 594,728 shares of the company’s stock after acquiring an additional 16,908 shares during the quarter. Vident Investment Advisory LLC owned 1.45% of PGIM Global Short Duration Hgh Yd Fd worth $8,124,000 as of its most recent SEC filing.

Top Low Price Stocks To Buy Right Now: Glu Mobile Inc.(GLUU)

Advisors’ Opinion:

  • [By Rick Munarriz]

    Tuesday was rough for Glu Mobile (NASDAQ:GLUU) investors. Shares of the mobile gaming company plunged 13% after it posted poorly received fourth-quarter results. It’s a big hit for one of the hottest mobile gaming stocks over the past couple of years, but it’s not much a setback when you stretch out your horizon beyond Tuesday’s trading day. 

  • [By Rich Smith]

    After a strong performance in 2018, shares of Glu Mobile (NASDAQ:GLUU) are plunging today, down 11.7% as of noon EST after the mobile “freemium” game maker reported Q4 2018 earnings that fell short of Wall Street estimates.

  • [By Steve Symington]

    Shares of Glu Mobile Inc. (NASDAQ:GLUU) fell more than 12% on Monday after ROTH Capital analyst Darren Aftahi downgraded the free-to-play mobile game specialist to neutral from buy. He also reduced his per-share price target on Glu Mobile by a quarter to $8, marking a more modest premium from Friday’s closing price of $7.20.

  • [By Rick Munarriz]

    Zoe’s Kitchen (NYSE:ZOES), Sogou (NYSE:SOGO), and Glu Mobile (NASDAQ:GLUU) are three names currently trading on the wrong side of $10, but their prospects are brighter than their sticker prices. Let’s go over why they may be among the top stocks under $10. 

  • [By Rick Munarriz]

    One of last week’s hottest stocks is also one of this year’s top performers. Shares of Glu Mobile (NASDAQ:GLUU) rose 14% last week, and are now up 76% so far in 2018. The mobile gaming specialist kicked things off with a well-received presentation at the Stifel 2018 Cross Sector Insight Conference on Monday afternoon; then Piper Jaffray stepped in on Friday with a bullish initiation of the stock.

  • [By Logan Wallace]

    Glu Mobile Inc. (NASDAQ:GLUU) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,239,484 shares, a growth of 60.8% from the May 31st total of 2,015,180 shares. Based on an average daily volume of 2,953,150 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.0% of the shares of the company are sold short.

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