$5 Stocks That Analysts Expect to Double
1. General Steel Holdings (GSI) 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 TheStreet.com on Facebook.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
