Citigroup, Inc. (NYSE:C) is a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management.
Citigroup shares closed at $4.51 yesterday, 12.4% below the 52 week high of $5,15 and 19.8% below book value of $5.62. If Citigroup rises above $5 per share and holds that price, it may be bought buy mutual funds which could drive the stock over $6 in short order. The stock is down recently due to geo political events. With the US government finished selling and the current global events pushing down the current share price, the time is right to purchase this stock before it make a significant move upward.
Sprint Nextel Corporation Comm (NYSE:S) provides wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands.
Crest’s Steve Clement raised his rating to Outperform from Sector Perform, with a $7 price target Clement stated "The company’s network overhaul will save $1 billion to $1.5 billion annually." Shares of Sprint are currently trading at $4.47, which provides an opportunity for a 36% return on investment based on the analyst's target.
Bank of America shares closed at $14.03 yesterday, 29.4% below the 52 week high of $19.86 and 33.2% below book value of $20.99. It seems the mortgage fiasco is in the rear window and the opportunity to get in at these levels will pay off. The median price target of 25 analysts covering Bank of America is $18, which would be a 22% return on Investment.
MEMC Electronic Materials Inc. (WFR) engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide.
The company raised guidance during the last quarter's conference stating that their backlog had nearly doubled. With several new joint ventures in the news and the company's vertical integration via Sun Edison providing an opportunity for higher profits, MEMC looks primed for a run.
Ford declined yesterday to its 200 day SMA. Ford has remained above its 200 day SMA/EMA on a close basis since last July. When the Middle East Crisis subsides, investors focus will return to the great sales number Ford reported for February. The car industry seems to be entering a secular bull market with the ongoing growth in emerging markets. As the Chinese and Indian middle class grows and the U.S. economy improves, so will Ford's bottom line.
iShares Silver Trust (NYSEARCA:SLV) This ETF reflects the price of silver owned by the trust less the trust's expenses and liabilities.
I recomend every portfolio have a certain level of precious metals included to diversify and reduce risk and the SLV offers an excellent opportunity for this. Two separate analysts stated recently they were raising price targets on the SLV to $50. Silver is used as an industrial metal as well as a currency safe haven amongst other things. The industrial use of silver, puts silver ahead of gold in my book. For a long term investor, I believe the SLV will provide an excellent vehicle for value creation as well as wealth preservation.
Cisco rebounded Monday after dipping to $18.03, a 52-week low. Currently, the stock is undervalued based on Warren Buffett's "Owner Earnings" formula. Review Peter Mycoft Psaras's article titled "Analyzing 8 Larger Cap High Tech Stocks Using Leveraged Free Cash Flow" for an in-depth analysis of why this stock is a buy at current levels.
Sirius XM Radio Inc. (NASDAQ:SIRI) provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather.
Marc Gerstein evaluates Sirius in a recent article stating "in the context of the high-risk high-potential-reward universe I follow for my newsletter, and in this context, chose to feature Sirius as a candidate for long-term, home-run potential." Howard Stern read sections of Gerstein's report about Sirius XM Radio "Forbes Low-Priced Stock Report" on the air earlier this week and gave a quasi thumbs up by saying “I’m with f****** Gerstein!” Well, "I'm with f****** Gerstein too!" For a more in-depth analysis of SIRI check out Gerstein's article.
Microsoft is trading at 10.4 times the $2.55 a share it is predicted to earn. Additionally, Mircosoft has a huge cash horde, which makes the stock an even better value. The company has a cash balance of about $41 billion, which gives you approximately a $5 discount on the share price. Microsoft’s shares offer a safe return for investors who have a long term outlook.
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds.
On CNBC's Fast Money analyst David Wong explained his downgrade on the Semiconductor sector. The downgrade was from 'Overweight' to 'Market Weight' and he is not bearish on the sector. “I do think great opportunities remain in the chip sector,” Wong says. "I think excellent investments remain to be made in the space." The key is to pick and choose. That was his intended communication. “My downgrade signals a need to be more selective,” he stated. "One of the best opportunities is Intel." Wong said Intel has "particularly strong fundamentals and has recovered nicely from the glitch in its Sandy Bridge chip set."
Disclosure: I am long WFR.
Additional disclosure: I am long WFR and may initiate a position in any one of the stocks in this article within the next 72 hours. These Long Ideas may or may not be suitable for your current financial status. Please consult a professional before making any investment decisions. Information was gathered from company websites, Yahoo Finance and Seekingalpha.com.