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
TheStreet Open House

Six Oversold Stocks Ready to Bounce

Stocks in this article: DELLACIPBRMRVLSID

NEW YORK ( TheStreet) -- Bag-holder, bottom-feeder and catcher of falling knives have all been used to describe buyers of stocks that have fallen out of favor with the market. There is another term that is used, although rarely at the purchase time: value investor.

This is what you call someone who buys stocks that are beaten down but then rise.

The difference between the bag-holders and the value investors is akin to the difference between gamblers and speculators.

The speculator understands the potential risks and rewards while carefully determining the correct course of action. The gambler is too busy to be bothered with "all that stuff that doesn't matter." Fortunately, the market offers many opportunities to evaluate any given stock's value to you.

On Aug. 15, I wrote 7 Oversold Stocks Ready to Bounce, 2 to Avoid .

In that article, I picked seven stocks I liked and two that I didn't. I will use the closing price on Aug. 15 as the starting price, and the closing price on Monday as reference points. All returns are rounded down. Let's see how they performed:

Electronic Arts (EA) + 7.2%

Take Two Interactive Software (TTWO) + 12.3%

Thompson Creek Metals (TC) + 43%

Halcon Resources (HK) - 0.5%

Devry (DV) + 7.3%

Bill Barrett (BBG) + 5.1%

Deckers Outdoor (DECK) - 0.2%

The two I didn't think should be bought were:

Facebook (FB) - 10.6

Polycom (PLCM) + 11.4%

I didn't get all the picks right (as I did in a previous article), but if we view DECK as breaking even, then I am five for six in my suggested buys.

With the biggest winner up more than 40% and the biggest loser down half a percent, I consider it a good day's work.

A gain was lost in Polycom, although I am not trying to predict the future, I am trying to predict the odds. After adding Facebook into the Polycom mix, it's a breakeven anyway.

Included below is what I am reviewing now.


SID Chart SID data by YCharts

Companhia Siderurgica Nacional (SID)

Background: Companhia is a large, integrated steelmaker in Latin America. It operates its own mines, steel mill, railroads, ports and service and distribution centers. The company was founded in 1941 and is headquartered in Sao Paulo, Brazil.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Rates from Bankrate.com

  • 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