The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.
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For instance, right now consumer stocks seem to be back in focus as economic recovery appears to be gaining momentum. That means cheap
But before you dive in headfirst, insist on these standards for every stock of every size:
Crown Media Holdings (CRWN)Crown Media Holdings (CRWN - Get Report) owns several pay television channels, including Hallmark Channel, the Hallmark Movie Channel and the Hallmark Movie Channel HD. This
Dreams Inc. (DRJ)Dreams Inc. (DRJ) is a manufacturer, distributer, retailer and seller of sports licensed products, memorabilia and acrylic display cases via multiple channels. DRJ has shown impressive gains in the last year, having climbed +81.5%. This penny stock has done well in the short-term as well, up +18% in the last three months, and +15% in the last month. Earnings-wise, analysts are projecting EPS of 14 cents this quarter, nearly doubling its EPS of eight cents this quarter last year. Buy DRJ as it approaches its 52-week high of $3.18.
Kingold Jewelry (KGJI)Next on the list is Kingold Jewelry (KGJI - Get Report). KGJI has had a rough couple of months. That being said, I like this stock for several reasons. First, it was announced last week that Kingold had reached an agreement with China Merchants Bank Limited and will be producing 24-karat gold investment related products for the company. That sent the gold stock up +8% in one day.
Mad Catz Interactive (MCZ)Mad Catz Interactive Inc. (MCZ - Get Report) is a designer, manufacturer, marketer and distributor of video game accessories for numerous platforms. In the last year, MCZ has shown an incredible gain of +250%, more than 10 times the gains shown by the broader markets in the same time. Much of MCZ's profits have been seen in the last month, as the stock has soared +100% in just 30 days! It should also be noted that MCZ posted a quarterly earnings growth of +73% in its last income statement.
Sirius XM Radio (SIRI)Sirius XM Radio (SIRI - Get Report) is known for its subsidiaries that broadcast music, sports, news, talk, entertainment, traffic and weather channels through its satellite radio systems, for a subscription fee. Sirius has consistently been one of my favorite
Star Scientific (CIGX)Finishing off the list of top penny stocks to buy is Star Scientific (CIGX) which is involved with the production of smokeless tobacco products. Potential buyers may be put off by CIGX's recent numbers, as the stock has dropped slightly since the New Year. However, news that CIGX filed an application with the FDA for its new product Stonewall Moist may be great news for stockholders. If the new smokeless-tobacco product is approved by the FDA, the company could tap into new revenue. Watch out for news of CIGX's newest product hitting the shelves.
As of this writing, Louis Navellier did not own a position in any of the stocks named here.