Two Stocks To Buy Now
Deciding on which stocks are the next potential strong investments is a difficult thing especially since the analysts expect 2010 to be a transition year. 2009 was a better year for the stock market but many feel the market went up faster than the earnings are able to support it. Many feel this has created the situation for a market correction. However, it is an election year so the legislature will be doing all they can to help the economy recover.
I feel there are two stocks which are poised to go higher during 2010 which are stocks to buy now. I do not own any of these stocks and do not accept any liability for how these stocks actually perform. You should do your own research and evaluation.
Corning Inc (GLW) is a technology based company that operates in five different business segments. These are mainly in the LCD monitors and television industry. The stock has an MSN rating of 10. The beta is 1.34 and the net margin percentage is 37.22. The current price is 18 and the 52 week high has been 21. The company has forecast modest growth for 2010 but the industry they are in has a large growth potential.
Convergys Corp (CVG) is a management relationship company. They specialize in business support systems, human resource management and customer management relationships. As companies use outsourcing more and more, Convergys is poised to take advantage of that outsourcing. They currently have a MSN rating of 8. Their beta is 1.51 which means they have a more volatile swing than the stock market which may be good or bad for an investor. Their most recent earnings report beat the expected results by $.02 per share and they provided a mixed guidance report for 2010. As companies always try to be conservative in their guidance reports, I do not feel this is a concern. From June 2007 to Jan 2009 their price trend line was downward but since Jan 2009 the trend line has been on an upward incline. The Wells Fargo analysts like them as a BUY for 2010.
These two companies should be good stocks to do your own research on and determine if you should buy shares in them. Both of their betas are higher than the stock market so they do have the potential to perform better than the stock market.
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