The stock markets continued their upward trend this week, with just a little volatility. Indexes were aided by the great numbers posted by Michigan Sentiment, which came in at 76.2, compared to the 74.3 forecast.
The market continues to look undervalued to me, and my search this week found more than 40 companies that were worth a second look. Here are two of my favorites:
Glu Mobile (Nasdaq: GLUU) develops mobile games for the global market. Titles include: Big Time Gangsta, Blood & Glory, Bug Village, Contract Killer, Contract Killer: Zombies, Eternity Warriors, Frontline Commando, Gun Bros, Men vs. Machines, Stardom: The A-List, Super K.O. Boxing and Toyshop Adventures.
Target: $7.00 (conservative estimate)
Why I Like It: Discounted value, takeover candidate, and new analyst interest.
Market cap: $534.23 million
Note: I intend to establish a portfolio of similar picks, some 25-30 stocks that I’ll update on a regular basis. I will discuss them from time-to-time in my blog and on this web site, but a full analysis of each stock—as well as detailed updates—will be available only via subscription. If you’d like more information, just contact me directly, at email@example.com