This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Stocks to Profit From the Bounce

1. Allied Nevada Gold

With its current share-price down around 90% from its 52-week high, it's time to look closely at the gold and silver mining company Allied Nevada Gold ( ANV). As with other miners, the company's stock price has suffered greatly from both the steep drop in the prices of the two top precious metals and the migration of investors away from mining stocks and into gold and silver ETFs.

>>5 Earnings Stocks Everyone Hates -- but You Should Love

But ANV has additionally been crushed due to the company's report, during last quarter's conference call, of a couple of huge production blunders at one of the company's main mining sites. Company management has taken full responsibility for the production debacle, has identified the sources of both problems and appears to have completely fixed both issues -- leading already to record productivity at the site in question, in this current quarter.

With gold and silver prices having already rebounded significantly from their June lows, and with ANV trading at 1.5 times sales and 0.5 times book value, with a PE of only 7 and a daily/monthly RSI showing deeply oversold readings of 12.7/17.4, respectively (see chart), I think this stock is primed for a big juicy bounce to the upside.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ANV $0.00 0.00%
IPI $1.00 -4.76%
JAKK $7.17 -1.78%
TA $7.11 -0.14%
AAPL $93.24 -0.41%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs