I hope everyone got plenty of rest over the weekend(I didn't,but I never do). I'm gearing up for a busy week myself. I have a lot of lab work for my reading class and I have to re-take my algebra Exit Exam(I was hospitalized during original test date.). On top of that I work 5 days this week and will find time to blog everyday. After all, someones got to bring you tried and true companies that outperform in uncertain economic times.
That brings me to today's Tried and True. Disposing of the hazardous wastes associated with the worlds growing energy demands is a big job. That is exactly what this first company does. ECOL/American Ecology processes and stores hazardous and Nuclear waste for commercial and government entities(nuclear power plants, medical and academic institutions, STEEL mills, refineries and chemical production facilities.). Their customers include Thee US army Corps of Engineers, Nucor Steel, Company and Shaw Enviormentals and Infrastructure Inc. ECOL has damn good numbers too. Relative value, safety and timing are all excellent. They are up 38% over the last 52 weeks and are 1% off their 52 week high. Amer. Ecology has dipped slightly this week giving us a great buying opportunity. The fact that their up over the last 4 and 12 weeks supports a buy recommendation. Add a 32% 5yr historic sales growth and I'm logging on to Etrade. Six major brokers are reporting on ECOL with one strong buy, three buys and two holds. My next pick may hit close to home for those of you invested in the stock market. The company is PSYS/Psychiatric Solutions. Having questioned my own sanity on several occasions, I can only imagine where these guys are headed. PSYS provides behavioral solutions. They manage 90 impatient units in 31 states with approximately 10,000 "beds". If things don't change soon, I'm gonna ask them to save a bed for me. Eleven brokers weighing in with five strong buys, four buys, one hold and one underweight. The relative value of Psyc. Solutions is their most attractive tech. number at 1.32 of 2.00, which is very good. It's no surprise to me that their 5yr historic sales growth was over 50%(going up quick). What did surprise me was the fact that they are up 20% over the last 12 weeks(going up real quick). PSYS is .94% off it's 52 week high and ripe for the picking. I don't think there's a better health care play out there. If for no other reason, then to get them before they get you(LOL). Alright seriously, pick up PSYS at $58 and you should be good to go. This next pick is from a sector that takes up most of the space on my screened stock ticker lists and tech reports. You gotta follow trends and this one ain't goin away anytime soon. SPN/Superior Energy scores very very high ratings in relative timing, safety and value categories. They don't drill for oil or gas themselves, rather they provide oil field services and equipment to oil and gas companies. SPN provides rental tools, manufactures, sells and rents specialized onshore and offshore equipment. They also own oil and gas properties to improve "well intervention" services methods. You still want numbers? O.K. How about a 78% 5yr historic EPS growth or a 33% price increase over the past 12 weeks. They are off their 52 week high by 1%. Also, SPN is up 1.4% this month. Five brokers give their suggestions on this one with two strong buys and three buys. I also have the 2007 annual report on SPN for email upon request.
Following trends can be a great way to make money if you keep up on research. Trends aren't for everyone though. What's your strategy when it comes to trends? Do you follow market trends or play it safe and run for the hills when the market shifts? Let me know.
If I was allowed to put an avatar(picture)on my Forex trading page, mine would be a picture of me holding tightly to two fist fulls of burning one dollar bills. Even with all the abuse it has taken, I just can't abandon the dollar. Not here, not now. It has to rally. Everyone knows oil is going up more. Enough dollar bashing already! If I had enough money in my Forex account I would be long the USD across the board, but I don't so I'm not. I do own some USD/JPY and short some AUD/USD. My practice account is however, loaded with USD betting on a small rally next week.
Alright, so let's all go out and make lots of money this week so we can spend it a create a stronger dollar(jk, don't spend it, invest it). Let's hope the numbers don't get any worse for the US and we should be o.k. Take a look at the 3 companies I gave you today. They are my favorites so far. Hope your Monday won't be too horrible. If it is, just remember, we're all in this together. Thanks for reading!
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