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Stocks Under $10 With DavidPeltier

 Stocks Under $10

Synovus Bucks the Trend

BY David Peltier | 01/27/15 - 11:42 AM EST
Stocks in Focus: SNV

Synovus Financial (SNV) posted solid quarterly results earlier today. This Alert is a review of the company's numbers and we're not recommending any trades for the model portfolio.

The bank earned $0.39 a share in the fourth quarter, which was $0.02 ahead of the consensus analyst estimate. Synovus posted 8% annualized loan and 7% deposit growth in the period, while the net interest margin ticked down to 3.34%.

The company also experienced higher costs in the quarter, although credit quality continued to improve. It's also worth noting that management bought back another 3.0 million shares in the quarter. Looking ahead to 2015, the company is targeting mid-single digit loan growth and modest compression of the net interest margin.

There were few surprises on the conference call and we maintain our One rating on the stock, which is trading higher today, at $25.78, in the middle of a broad market selloff.

We continue to believe that Synovus can move up through $30 in the coming quarters.

Regards,

David Peltier & the TheStreet Research Team

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01/26/15 - 12:21 PM EST
Synovus Pre-Earnings Update
Stocks in Focus: SNV

Looking for guidance on loan growth and NIM.

01/26/15 - 11:42 AM EST
Stocks Under $10 Weekly Summary
Stocks in Focus: ACPW, ATML, AUY, BLDR, BTN, COT, EXTR, HBAN, MDR, MSO, ONNN, PSUN, SD

We made no changes to the model portfolio this week, as earnings season ramped up and the broader market rose.

01/23/15 - 04:47 PM EST

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Markets

DOW 17,450.40 +63.19 0.36%
S&P 500 2,038.67 +9.12 0.45%
NASDAQ 4,725.7070 +44.21 0.94%

Stocks Under $10 Holdings

Stocks we would buy right now

Symbol % Portfolio
Weighting
Industry Trade Now
ACPW 3.30% Industrial
ATML 5.20% Electronics
AUY 3.48% Metals & Mining
BLDR 5.20% Retail
BTN 6.26% Consumer Durables
COT 5.67% Food & Beverage
EXTR 2.78% Computer Hardware
MDR 2.07% Energy
PSUN 5.29% Retail
SD 2.07% Energy
SNV 4.15% Banking
SONS 3.14% Telecomm
SPF 3.16% Materials & Construction
TXMD 5.83% Drugs

Stocks we would buy on a pullback

Symbol % Portfolio
Weighting
Industry Trade Now
HBAN 3.62% Banking
MSO 3.97% Media
ONNN 4.01% Electronics
UNIS 5.07% Health Services
VTG 1.66% Energy
WLL 2.19% Energy
ZIXI 4.99%

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