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

8 Low-Beta Stocks for a Market Correction

5. Calavo Growers (CVGW - Get Report) procures and markets avocados and other perishable commodities, and prepares and distributes processed avocado products. It offers a range of fresh and processed food products globally to food distributors, producers, wholesalers, supermarkets, and restaurants. The stock has a beta of 0.61

During the first quarter of 2011, net sales rose 36% to $91.3 million from $67.3 million, driven by increased sales of Mexican- and California-sourced avocados. The sales increase was partially offset by decreased sales from Chilean-sourced avocados, pineapples, as well as tomatoes. Net income inched up to $2.31 million from $2.27 million. Earnings per share remained flat at 16 cents.

The company recently signed an acquisition agreement for Renaissance Food Group, a closely-held fresh food company that produces, markets and distributes nationally a portfolio of healthy, premium lifestyle products for consumers via the retail channel. The acquired entity's 2011 revenue is expected to exceed $100 million.

Of the four analysts covering the stock, 50% recommend a buy and the remaining rate it a hold. There are no sell ratings. On average, analysts estimate 32.5% upside to $29 in value from current levels.
5 of 9

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
ATX $0.00 0.00%
BDE $4.35 -2.20%
CVGW $57.28 0.60%
LWAY $9.77 -1.20%
MKC $93.37 0.40%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs