Teck Resources (NYSE:TECK) performed exceptionally well in 2016, rising from the low single digits to the mid-$20s. I don’t think the stock will repeat that strong performance in 2017. However, I do think the stock will outperform the S&P 500 with strong double-digit gains. Teck Resources’ recent 20% pullback has the stock at an oversold level. The stock remains undervalued as compared to its peers and the broader market. The company has multiple catalysts that will drive the stock’s outperformance from this undervalued level.
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Teck Resources is poised to benefit from an improving economy and from President-elect, Donald Trump’s plan to spend $1 trillion on U.S. infrastructure over a 10-year period. New construction starts are expected to increase 5% in 2017. That forecast was projected before the U.S. Presidential election. So, if Trump gets his infrastructure plan passed, we could see a higher percentage increase in construction spending. Teck Resources will benefit from its mining of copper, metallurgical coal and other minerals.
Top 5 Undervalued Stocks To Invest In Right Now: Palo Alto Networks, Inc.(PANW)
- [By Peter Graham]
A long term performance chart shows Barracuda Networks peaking in 2015 before drifting into underperformance and then back up againwhile mid cap Fortinet Inc (NASDAQ: FTNT) and large cap Palo Alto Networks Inc (NYSE: PANW) also peaked in 2015 and bounced back a bit last year:
- [By Chris Lange]
Palo Alto Networks, Inc. (NYSE: PANW) released its fiscal first-quarter earnings report after the markets closed on Monday. Although the financial results were close to estimates, in fact beating on the bottom line, Palo Alto still suffered this quarter. Compared to Mondays closing price the stock trades near 57-times expected fiscal 2017 earnings, which could offer some explanation as to why investors seem so shaken on mixed earnings.
- [By Chris Lange]
Palo Alto Networks Inc. (NYSE: PANW) is set to report its most recent results on Monday. The analysts consensus estimates call for earnings per share (EPS) of $0.53 and $400.2 million in revenue. Shares were changing hands at $161.35on Friday. The consensus price target is $180.89, and the 52-week trading range is $111.09 to $194.73.
- [By Lisa Levin]
Palo Alto Networks Inc (NYSE: PANW) was down, falling around 12 percent to $130.81 as the company issued disappointing forecast for the current quarter. The company also reported in-line earnings for its third quarter, while sales exceeded analysts’ estimates.
- [By Peter Graham]
A long term performance chart shows Barracuda Networks peaking early last year before drifting into underperformance and back to where shares started at while mid cap Fortinet Inc (NASDAQ: FTNT) and large cap Palo Alto Networks Inc (NYSE: PANW) also peaked last year and havent surpassed those previous highs:
Top 5 Undervalued Stocks To Invest In Right Now: Great Basin Scientific, Inc.(GBSN)
- [By Paul Ausick]
Great Basin Scientific Inc. (NASDAQ: GBSN) dropped about 15% on Thursday to post a new 52-week low of $2.90 after closing at $3.42 on Wednesday. The stock’s 52-week high is $45,024.00. Volume was more than 3 times the daily average of around 150,000 shares. The medical diagnostics company had no specific news Thursday. Since mid-March the company has split the stock twice: the first was a 1-for-35 split and the second a 1-for-80 split.
Top 5 Undervalued Stocks To Invest In Right Now: The Charles Schwab Corporation(SCHW)
- [By Matthew Smith]
Although we were not surprised by the move yesterday we did not take an overly aggressive stance in positioning the portfolio to benefit from the Fed not tapering. We were long, but we did not initiate any trades solely for the purpose to benefit from the announcement. We are more interested in the long-term wealth building of portfolios right now and as such believe that readers should look to our recent winners that had pullbacks yesterday as buying opportunities. Specifically, we like Ameritrade (AMTD), Charles Schwab (SCHW) and MetLife (MET) which all saw pullbacks ranging from 2.5% to a bit over 5.5% in yesterday’s session. We highlighted the discount brokers as a sector to watch right before the latest takeoff and our belief is that although rates remain unchanged the brokerage business will continue to perform strongly. The next big move up will be as rates rise, but even if one has to wait for this move it will be well worth it for one’s portfolio.
- [By Javier Hasse]
The other big earnings call of the day was that of Charles Schwab Corp (NYSE: SCHW), which delivered in-line first quarter EPS of $0.29, on revenue of $1.76 billion, which beat estimates by $10 million.
- [By Ben Levisohn]
The fifteen stocks that Bianco contends could benefit from a trump win are: Johnson & Johnson (JNJ),Pfizer (PFE),Medtronic (MDT), Northrop Grumman (NOC), L-3 Communications (LLL), Halliburton (HAL), Dow Chemical (DOW), Duke Energy (DUK), For Motor (F), Martin Marietta Materials (MLM), Verizon Communications (VZ), Comcast (CMCSA),Charles Schwab (SCHW), Wells Fargo (WFC), Delta Air Lines (DAL).
- [By Lee Jackson]
Charles Schwab Corp. (NYSE: SCHW) also had a famous investor selling stock this past week. The chairman of the company, Charles Schwab, continues to sell stock at an orderly pace. This week the iconic discount brokerage executive and the CEO of the company combined to sell a block of 400,000 shares at prices between $35.43 and $35.46. The total for the trades came to a whopping $14 million.As we have noted in the past, Mr. Schwab is past 80 years old, and clearly much of his selling over the years has been for estate planning purposes. The shares endedFriday at $37.48 so a fair amount left on the table.
- [By Lee Jackson]
Charles Schwab Corp. (NYSE: SCHW) had a famous investor selling stock this past week. Chairman Charles Schwab continues to sell stock at an orderly pace. This week the iconic discount brokerage executive sold 600,000 shares at prices between $32.50 and $33.75. The total for the trade came to a whopping $20 million.As we have noted in the past, Schwab is past 80 years old and clearly much of his selling over the years has been for estate planning purposes. The shares traded Friday at $35.25, so a fair amount left on the table.
- [By Todd Shriber, ETF Professor]
Vanguard's latest fee cuts answer two such moves this year, including one this month, by rival BlackRock, Inc. (NYSE: BLK) and one fee reduction announcement by Charles Schwab Corp (NYSE: SCHW).
Top 5 Undervalued Stocks To Invest In Right Now: Oasis Petroleum Inc.(OAS)
- [By Jon C. Ogg]
Oasis Petroleum Inc. (NYSE: OAS) rose a whopping 27.8% to $14.98, and the 33.2 million shares was about 2.5 times normal volume. Oasis Petroleum has a 52-week trading range of $3.40 to $15.02 and a consensus analyst price target of $14.54. The company has a total market cap of $3.5 billion.
- [By Ben Levisohn]
The $50/Bbl Question Is Answered In our June 2nd note entitled, Rethinking Risk/Reward on High Beta E&Ps, we highlighted that $50/Bbl is a critical level as it is around which many E&Ps have indicated they would begin either utilizing drilled-but-uncompleted (DUC) wells and/or increasing activity. Thus, with the NYMEX strip exceeding ~$50/Bbl in H216 and 2017, the question becomes, What will E&Ps do next? In our note we distinguished which oilier SMID Caps could organically accelerate at current NYMEX strip prices without further leveraging the balance sheet and which would still require higher oil prices. We ranked WPX third, behindOasis Petroleum (OAS) and Whiting Petroleum (WLL) in terms of its ability to accelerate through the drill-bit while keeping the balance sheet intact. For WPX we concluded that without increasing activity beyond our base case assumptions or higher oil prices, leverage would increase by 0.8x in 2017. However with accelerated activity and corresponding higher outspend (via more Williston DUCs and an addtl Permian rig), we forecast WPX could further grow production next year and keep leverage flattish at ~3.5x Net Debt/EBITDAX. We think todays announcements confirm our thesis, as WPX increased 2016 Williston activity and issued equity to facilitate this addtl spend plus potential activity acceleration in 2017/2018 without adding more debt.
- [By Robert Rapier]
Oasis Petroleum (OAS) is a pure Bakken/Three Forks play, with 335,000 leased acres in the Williston Basin.
Oasis has only been a public company since 2010, and in addition to the $400 million raised in its initial public offering, the company has funded operations with $1.2 billion in debt.
Top 5 Undervalued Stocks To Invest In Right Now: Autodesk, Inc.(ADSK)
- [By WWW.GURUFOCUS.COM]
CEO of Autodesk Inc (NASDAQ:ADSK) Carl Bass sold 100,000 shares of ADSK on 01/05/2017 at an average price of $76.94 a share. The total sale was $7.7 million.