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INM Jan '07 - Promising Candidates For The New Year
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
One of the reasons I enjoy writing this monthly column and contributing at CANSLIM.net is that it allows me to communicate some thoughts on the most-timely stock ideas to a large list of clients and prospective clients. If you are a regular reader you probably know that I spend a lot of time talking about trading tactics, how to manage a portfolio, keeping your emotions in check, and things that give investors a strategic advantage - and I do not often rattle of a list of stocks. Yet recently an opportunity to talk about some of the most promising candidates came up when I was asked to share my thoughts on promising stocks for 2007 with the folks at Channel 7 WSVN, the Fox TV station in
Channel 7 called it “Hot stocks for 2007“ in their segment - More Bang for Your Buck. However, I think calling any stock “hot” can potentially get you into trouble if you are a licensed rep, so instead we better call these ideas “very warm”. After you read up on these ideas, contact my office if you want any more details, especially if you wish to discuss whether or not it is a smart time for you to be dedicating some investment dollars toward these selections.
Topping my list of picks for 2007 was sporting equipment giant Under-Armour Inc. (UA) http://www.underarmour.com/ You really need to buy quality companies that have strong earnings. In this case there is a track record of strong sales and earnings growth. Under Armour still has a small amount of shares outstanding, so the stock’s price can move substantially with just a little bit of buying demand, which is one of the reasons I like it.
Another stock I like is Crocs Inc, (CROX) www.crocs.com the funky footwear maker. For some reason they are a huge fashion hit and that's translating into a strong stock. They are a hot item with teens, and getting noticed on Wall Street.
Dolby Labs (DLB) www.dolby.com is a strong contender in home theater, and one that keeps coming out on top of the DVD format wars. With the latest technology, Dolby seems to really have a foothold and the real lion's share of a lot of the special sound systems.
Internet advertiser Valueclick Inc (VCLK) http://www.valueclick.com/ saw its stock just recently reach new highs. The company continues to chug along and grow its sales revenues and earnings at a great clip. The online world continues to pick up.
Petroquest Energy (PQ) http://www.petroquest.com/ is doing well while energy prices are high. Financial experts are taking notice, as institutional money managers and mutual fund managers have been accumulating shares. It may be smart to follow right along with them.
Simple Tech (STEC) http://www.simpletech.com/ is a company quickly becoming a leader in digital storage. If you’ve got a new digital camera, your memory card may have been manufactured by them. They are still a small player in their industry, but with great demand lately for some special products that they put out. There is still a lot of potential with this stock.
And as more companies are routing their customer service calls to
Lam Research Corporation (LRCX) http://www.lamrc.com/ is a technology leader in semiconductor processing equipment. As long as the tech sector can avoid any serious downturns, this company's outlook is promising.
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net :
Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.
The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.