5 Foreign Stocks That Could Pop This Summer
Oi
Last up is Oi (OIBR), the Brazilian telecom giant. Oi is the largest fixed-line operator in Brazil with more than 20 million subscribers, and it's one of the biggest mobile carriers in the country, with 41 million cellular subscribers -- a 20% share of the market.
Oi's business isn't unlike that of a telecom company here at home. Fixed lines provide consistent (albeit atrophying) cash generation, while mobile is the path to growth. A recently launched satellite TV service is another growth avenue for Oi, and subscribers have been piling onto the network's service in the last year and change.
That diversification in networks (wireline, mobile, and satellite) is interesting -- it allows Oi to bundle services without tying the firm down to a single mode of communication. As a result, Oi will hypothetically be able to jettison its fixed-line business one day without incurring big capital write-offs. That's something you don't see among telcos here at home. Still, competition is fierce in the Brazilian telecom industry, and short sellers are largely positioned against Oi. Currently, the firm's short-interest ratio weighs in at 12, a number that means it would take two and a half weeks of buying pressure for shorts to get out. Second quarter earnings this summer could be a catalyst for a short squeeze. To see this week's short squeezes in action, check out the of Foreign Short Squeezes portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.Follow Stockpickr on Twitter and become a fan 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
