This Day On The Street
Continue to site
ADVERTISEMENT
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

Why Investors Want Crocs, Corning and Dollar General

NEW YORK ( TheStreet) -- Having just caught a glimpse of a brief video clip titled "The Top Ten Stocks for Nov. 27," I wanted to share three names that are suddenly back in favor.

Let's begin with one that some mistakenly thought had no future. I'm speaking about Crocs (CROX - Get Report), the worldwide maker and distributor of sassy but comfortable footwear, apparel and accessories for men, women and children.

The stock jumped over 9% after Goldman Sachs analyst Taposh Bari gave the creator of those colorful plastic shoes a "Buy" rating, saying that investors have misinterpreted the shoe brand as a fad.

"We see Crocs as a lifestyle brand with global appeal that appears both proven and sustainable," he wrote in a note to investors. The stock put in a 52-week low price of $12 on Nov. 15, but on Tuesday it leaped to $13.49 on heavier than normal volume.

CROX trades at 8.65 times forward earnings, has very little debt, has over $315 million in total cash (as of Sept. 30) and a price-to-earnings to growth (PEG) ratio of only 0.90. All these factors indicate a stock that is undervalued, so no wonder the upside response was so positive.

Below is what I'll call "the chart of the day." It shows the one-year price movement of CROX versus its retained earnings. By that measure this company may just end up on some big predators' takeover wish list. CROX Chart CROX data by YCharts

Another underrated name that received a good deal of attention Tuesday was Corning (GLW - Get Report), which pays an attractive dividend yield of around 3%. In Tuesday's trading GLW spiked almost 7% after it forecast stronger than expected retail demand for consumer electronics in the fourth quarter.

Corning is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. GLW also alluded to stronger demand for new televisions in the U.S.

1 of 2

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DG $73.13 0.25%
CROX $15.40 0.52%
GLW $21.06 -0.12%
AAPL $132.02 1.90%
FB $80.14 1.00%

Markets

DOW 18,163.95 +122.41 0.68%
S&P 500 2,121.14 +16.94 0.81%
NASDAQ 5,090.8830 +58.1320 1.16%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs