If you are looking for top stock picks for the second half of 2007, these stock show great potential.
Best Buy (BBY) is the electronics retailer that had ok earnings, but the story behind BBY is that they are expanding into China and Canada which should result in huge earnings growth over the next several years. Also, they are beating the pants off of Circuit City which disappointed the street with lower earnings. BBY has a short term 20% upside and should go much higher with the foreign expansion. Recent price $46.76.
UBS (UBS) the investment bank, showed very strong earnings despite the credit crunch. (up72% year over year). The technicals show huge upside potential – as much as 40% over the next year.
Apple (AAPL) the computer / ipod / iphone maker’s earnings continue to rise. (almost doubling in the last two quarters over the same period last year) With the holidays coming and the iphone price being slashed, sales should be brisk – not to mention the new Mac and the Apple TV that has been rolled out in stores before the holidays. Sam’s club is selling the Apple TV which should bring it into the mainstream of many tech savvy consumer’s. Everything that apple touches turns to gold and the earnings continue to fly.
Allscripts (MDRX) Allscripts Healthcare Solutions, Inc. is a provider of clinical software, connectivity and information solutions that are used by physicians to improve the quality of healthcare. It operates through three business segments: software and related services, information services and prepackaged medications. With the medical community becoming more cost conscious, MDRX has the right products to help cut costs. The company was recently named to the Fortune 100 fastest growing companies. In addition, shares of Allscripts Healthcare Solutions Inc. gained ground recently after the prescription management software company said it will provide electronic health records to Columbia University Medical Center in a deal it described as the largest in its history. Earnings are up – this is one to watch.
These are some top stock picks for the end of 2007 which show great upside potential – check them out!
Kenneth Miller is the founder of http://www.StockPickList.com