This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Stocks Under $7 With Upside

Stocks in this article: LCC WFR MU AMKR AAV GTE

NEW YORK ( TheStreet) - US Airways (LCC), MEMC Electronic Materials (WFR), Micron Technology (MU), Amkor Technology (AMKR), Advantage Oil & Gas (AAV) and Gran Tierra Energy (GTE) are trading at less than $7 a share but are expected to outperform their peers and the broader markets, based on their respective 12-month price targets.

We have picked these stocks from sectors such as energy, airlines and semiconductor. They have average buy ratings of 57% and upside potential ranging from 55% to 141%.

6. MEMC Electronic Materials (WFR) manufactures silicon wafers. The company operates in segments such as semiconductor materials, solar materials and solar energy.

Net sales for the second quarter of 2011 were reported at $745 million, up 66% from the same quarter prior year. Sales were robust on greater sales volume for solar energy systems, improved solar wafer and semiconductor volumes, and wafer prices.

During the quarter, gross margin was 24.3% compared to 17.2% in the corresponding quarter of 2010 and 15.5% in the 2011 March quarter. Net income for the quarter was $47.3 million, vs. a net loss of $4.5 million in the 2011 March quarter and $13.8 million in the 2010 second quarter.

Capital expenditure for 2011 second quarter halved to $103 million as against $206 million in the first quarter of 2011. With cash and cash equivalents of $652 million and operating cash of $199 million at the end of June, the company is comfortably placed to fund its capex program, going ahead. The company estimates 2011 non-GAAP sales between $3.3 and $3.6 billion and non-GAAP EPS of $0.80 to $1.00. Analysts polled by Bloomberg foresee the stock gaining 55% over the next one year. The stock is trading at 7.8 times its 2011 earnings.

1 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs