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TheStreet Open House

4 Stocks to Profit From the Bounce

Stocks in this article: TAIPIANVJAKK

2. Travel Centers of America

The stock-price of Travel Centers of America ( TA) recently got hammered when the company reported a dismally massive downside surprise for last quarter's earnings. Make no mistake about it -- it was bad.

But the vast majority of the earnings miss can be attributed to this past quarter's unanticipated low profit margin on TA's critically important sales of gasoline, which sported a depressed price for much of last quarter. Everything else about the company seems to be sailing happily along toward a more prosperous future, and gas prices have been up significantly this entire quarter. Plus, the summer months are historically the best months, by far, for TA's business.

>>5 Stocks Poised for Breakouts

With the stock trading at a price-to-xales ratio of only 0.03, price-to-book value of only 0.67, a P/E of only 7, and a daily RSI at a deeply oversold reading of 20 (see chart), I think TA could very likely be played for a nice bounce.

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