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

$5 Stocks That Analysts Expect to Double

1. General Steel Holdings (GSI - Get Report) shares jumped in May after the Chinese company reported a first-quarter loss of 11 cents a share on revenue of $453 million, which was better than the consensus for a loss of 14 cents a share and revenue of $416 million. General Steel will post second-quarter results on Aug. 6, and the average of two analyst estimates calls for a loss of 6 cents a share on revenue of $491.2 million. On May 14, General Steel said it acquired a majority stake in one of Shanxi Meijin Energy Group's businesses for $64.7 million in cash and stock.

Share Price: $2.89 (July 30 close)

Average Price Target: $19, based on two analyst price targets of $34 and $4 dating to May 28. The average target represents a 551% rally from where the stock currently trades.

2010 Performance: -34.5%

Analysts' View: Three research firms, or 60% of those covering the stock, rate General Steel a "buy." They include Rodman & Renshaw and Caris & Co., which have price targets of $4 and $34, respectively. Hudson Securities analyst Julie Chen has a "hold" rating on the stock, "due to lack of visibility into commodity pricing which has created gross margin volatility industry-wide."

-- Written by Robert Holmes in Boston.


Follow Robert Holmes on Twitter and become a fan of on Facebook.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
5 of 5

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
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
Only $49.95
14-Days Free
14-Days Free
GSI $1.08 0.00%
BIOD $0.38 0.00%
CYTK $12.02 0.00%
MNOV $3.48 0.00%
OREX $2.45 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs