Dwalker,
FPP getting some attention this weekend. Navellier upped his buy price all the way to $10. Number 3 on top 10 list. Very bullish even on his recorderd weekly call. Says to just buy it here and pay up to 10 using limit orders. FPP also in WSJ this weekend. He must be looking for at least $15 based on that entry price one would have to guess.
Top 10 Stocks for November
Here are this months Top 10 stocks in order of the attractiveness:
1. NutriSystem's (NTRI) latest earnings jumped almost 6,000%, and sales rose over 700%. The company also raised its revenue forecast almost 50% and its estimated customers by over 75%. We already have a 61% profit in just three months. The stock remains an outstanding buy. NTRI is a thinly traded micro-cap that should be approached with caution, so please only use limit orders. Buy below $39.
2. IRIS International (IRIS) recently received a five-year purchasing agreement with the Department of Veterans Affairs for its urinalysis equipment. IRIS is a thinly traded microcap that should be approached with caution, so please only use limit orders! Buy below $26.
3. FieldPoint Petroleum (FPP) is a micro-cap that has interests in more than 300 productive oil and gas wells in New Mexico, Oklahoma, Texas and Wyoming. The company has substantial natural gas reserves and is positioned to currently benefit from high natural gas prices. FPP is another thinly traded micro-cap that should be approached with caution, so please only use limit orders! Buy below $10.
Here is the WSJ article from this weekend also.
MarketWatch Weekend Investor / Best and Worst Sectors November 5, 2005; Page B4 Forget Google. This year's hottest investment may well turn out to be coal.
Despite a recent pullback, coal remains, to date, the strongest stock-market sector in 2005. The Dow Jones U.S. Coal Index has gained 75% so far this year, even with October's 9% drop.
Arch Coal has been the best stock within the best-performing sector, gaining 14% in October and more than doubling for the year. The company says a threefold rise in coal prices in the last year has driven earnings.
The pattern is similar for oil and gas. The Dow Jones Integrated Exploration & Production and Oil & Gas Producers indexes slumped along with crude prices during October, losing 10% and 11%, respectively, for the month. But they have still managed to post gains of 57% and 27% for the year.
Among those indexes' best performers were GeoGlobal Resources and FieldPoint Petroleum, which are valued at more than six times what they were at the end of 2004. Despite their big runups, though, they are still relatively small companies.
FieldPoint is engaged in oil and gas exploration, production and acquisition, primarily in New Mexico, Oklahoma, Texas and Wyoming.
GeoGlobal, headquartered in Calgary, Alberta, is developing petroleum and natural-gas sources in India.
The weakest sectors so far this year include those hit hardest by high fuel prices, such as auto makers, as well as machinery makers and paper producers.
The Dow Jones Automobiles Index -- the year's worst-performing sector -- is off 48% so far in 2005, as Ford Motor dropped 44% and General Motors gave up 34%.
The Dow Jones Industrial Machinery Index is down 39%, and the Dow Jones Mortgage Finance Index has fallen 24% as interest rates have risen and inflation fears take hold.
---- Tomi Kilgore