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TheStreet Open House

10 Profitable and Oversold Stocks Ready To Move Higher

Investors are receiving 46 cents in dividends for a yield of 2.18%.

Kroger's last quarterly earnings release was June 14, and the previous closing price was $22.58. Relative to a current price of $21.49, shares are down 2.3%.

Kroger is oversold on the daily chart and support on the weekly chart has held (so far) this week after a test.

I like the September $20 put during the next few trading days for 35 cents or greater. My profit target is 25 cents or close out on option expiration date. LVS Chart LVS data by YCharts

Las Vegas Sands (LVS)

Background:

The Sands is a hotel and casino, and trades an average of 10.7 million shares per day with a market cap of $30.9 billion.

52-week range: $36.71 to 61.05

Analysts are in love with this company. The Sands is sporting 19 buy or strong buy from a total of 21 analysts covering the company. The average analyst target price for LVS is $58.50.

The mean fiscal year estimate price-to-earnings ratio is 14.48, based on earnings of $2.65 per share this year. Investors are receiving $1 in dividends for a yield of 2.6%.

The Sands is oversold on the daily chart and support on the weekly chart is $29.80. The legal issues with Macau and the former head of a casino will darken the stock for a while.

I like the September $30 put during the next few trading days for 50 cents or more. My profit target is 35 cents or close out on option expiration date. BSX Chart BSX data by YCharts

Boston Scientific (BSX)

Background:

Boston Scientific trades an average of 10.9 million shares per day with a market cap of $7.6 billion.

52-week range: $5.09 to 7.28

The average analyst target price for Boston Scientific is $7.13.

The mean fiscal year estimate price-to-earnings ratio is 12.15, based on earnings of 43 cents per share this year.

The company has falling revenue year-over-year of $7.62 billion last fiscal year compared to $7.81 billion in the previous year. The bottom line has rising earnings year-over-year of $441 million last fiscal year compared to a loss of $1.07 billion in the previous year.

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