One great source for interesting stock ideas comes from sell side analyst ratings. When these bank analysts write a report on a company, and the analyst is reputable, it can have a big effect on the stock price.
We ran a screen for stocks with current “Buy” ratings from UBS (i.e. analysts at UBS expect these stocks to outperform).
EXCLUSIVE OFFER: Jim Cramer’s Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he’s trading today with a 14-day FREE pass.
Another great way to see how smart investors feel about a stock is to look at the collective trading activity of institutional investors. They represent big pools of money such as investment banks, pension funds, mutual funds, hedge funds, endowment funds, etc. When they invest in stocks, they can invest hundreds of thousands of dollars or more at one time. These transactions, called “block trades,” similar to buy ratings from reputable firms, can have a significant effect on share prices.
Business Section: Investing IdeasWe combine both bullish signals in making the list below. All 6 stocks that made the list have UBS buy ratings, which have been renewed in the past year, and significant net institutional buying in the current quarter. The “smart money” is feeling optimistic about these stocks. Do you agree? Use this list as a starting off point for your own analysis.
1. Abercrombie & Fitch Co. (ANF): Operates as a specialty retailer of casual apparel for men, women, and kids. Market cap at $3.9B, most recent closing price at $48.99. On 05/01/2012, UBS had a Buy rating on the stock. Net institutional purchases in the current quarter at 4.5M shares, which represents about 6.15% of the company’s float of 73.19M shares. 2. On Assignment Inc. (ASGN): Provides flexible and permanent staffing solutions in the United States, Europe, Canada, Australia, New Zealand, and Bermuda. Market cap at $1.04B, most recent closing price at $19.88. On 06/20/2012, UBS had a Buy rating on the stock. Net institutional purchases in the current quarter at 7.8M shares, which represents about 17.45% of the company’s float of 44.70M shares.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV