Monday, May 14, 2012

My 2 Favorite Stocks for This Week

It’s been a mixed week on Wall Street. Weekend news of a new, Socialist president in France and a backlash against austerity in Greece sent the markets falling in the first half of the week.

But good unemployment numbers, import and export prices, gave stocks a firmer footing on Thursday.

The good part about the market weakness is more bargains to be had!

Here are my two favorites this week:

American Capital LTD, (Nasdaq: ACAS) American Capital, Ltd. is a private equity and venture capital firm specializing in management and employee buyouts, mezzanine, acquisition, recapitalization, middle market, and growth capital investments.

Price: $9.82
Market cap: $302 b million
Target: $12

Why I Like It: Institutions are buying; analyst’s earnings estimates are increasing; improving economy means more businesses seeking financing for future growth.

SunCoke Energy Inc. (NYSE: SXC) mines and produces coal in the Americas. It is the largest independent producer of metallurgical coke in the Americas. It offers metallurgical and thermal coal used in steelmaking facilities.

Price: $15.30
Market cap: $1.06 billion
Target: $18.00

Why I Like It: Great earnings growth in cokemaking sector; shares look ready for a technical breakout

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