Chris Versace, portfolio manager of TheStreet's Growth Seeker Fund, has added stock of United Natural Foods (UNFI) to the bullpen. A bullpen stock is one that Versace favors, but is not yet ready to add to the portfolio. United Natural Foods makes and distributes natural and organic foods. Versace said the company has a track record of growing its top line revenue and is in a new distribution agreement with Whole Foods (WFM). Versace said the company has the potential to acquire smaller competitors, and an entry point for the stock would be $40 or below. Another bullpen stock is chip maker Cavium (CAVM), which is a play on the growing use of internet data.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
More Q1 Earnings to Come; Chip Makers Face Huawei Headwinds -- ICYMI
Need help sorting out what chipmakers to buy and sell? TheStreet's premium sister site Real Money tells.
2 Crucial Factors to Watch When TJX and Burlington Report Earnings
With TJX and Burlington set to report earnings soon, we brought in a top analyst to break down what every investor needs to be paying attention to.
Jim Cramer: Don't Buy Tesla Stock Just Because You Love Elon Musk
Love Elon Musk? Jim Cramer says don't buy into Tesla's stock just because you belong in a fan club.
Consumers Might Love Tech Trends, But Do They Make the Best Investments?
What makes technology more accessible and commonplace for consumers, is not the best dynamic for shareholders betting on these stocks.