The DOW hit 13,000 yesterday on the news from Greece but the lingering tension in the Straits of Hormuz has Oil stocks really having some respectable gains in recent days. Does any of it really impact the market as much as we think? Bank Of America, Deutsche Bank and Citigroup all gave their opinions yesterday upgrading 6 of the best stocks to buy now under $20, February 22, 2012.
The companies are comprised of three REITs, a power conversion company, a cooper and gold miner and an India based outsourcer; All 6 were upgraded or initiated coverage to “buy” ratings recently from the three above mentioned Wall Street analysts and all are considered, by their standards, good stocks to buy now under $20:
Upgraded to a “Buy Rating” or Better
Advanced Energy Industries, Inc. (NASDAQ: AEIS), one of the global leaders in power conversion solutions, was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating. AEIS closed Tuesday, February 21, 2012 at $12.43, up +0.94 (+8.18%) on volume of 724,386.
AEIS is trading:
- 12.12% above its 50-Day Moving Average, 11.09,
- 25.29% above its 200-Day Moving Average, 9.92,
- in the middle of its 52-Week Range of 7.56 – 17.00,
- with a Short Ratio of 7.00
Invesco Mortgage Capital Inc (NYSE: IVR), a Peachtree Street Headquarted, Atlanta, Georgia based REIT was upgraded by analysts at Bank of America to a “buy” rating. IVR closed Tuesday, February 21, 2012 at $16.45, up +0.27 (+1.67%) on volume of 2,801,836.
IVR is trading:
- 8.43% above its 50-Day Moving Average, 15.17,
- 6.15% above its 200-Day Moving Average, 15.50,
- in the lower end of its 52-Week Range of 12.55 – 24.07,
- with a Short Ratio of 3.20
Initiated Coverage
Armour Residential (NYSE: ARR), a Residential REIT, is now covered by analysts at Deutsche Bank. ARR closed Tuesday, February 21, 2012 at $7.08, up +0.06 (+0.85%) on volume of 5,646,644.
ARR is trading:
- -0.15% below its 50-Day Moving Average, 7.09,
- -0.10% below its 200-Day Moving Average, 7.09,
- at the high end of its 52-Week Range of 5.40 – 7.80,
- with a Short Ratio of 1.80
Deutsche Bank set a “buy” rating on ARR.
Ivanhoe Mines Ltd (NYSE: IVN), a cooper and gold mining company focused on the Asia Pacific region, is now covered by analysts at Bank of America. IVN closed Tuesday, February 21, 2012 at $16.70, up +0.14 (+0.85%) on volume of 2,098,138.
IVN is trading:
- -5.12% below its 50-Day Moving Average, 17.60,
- -10.75% below its 200-Day Moving Average, 18.71,
- at the low end of its 52-Week Range of 12.11 – 29.05,
- with a Short Ratio of 7.30
Bank of America set a “buy” rating on IVN.
Medical Properties Trust (NYSE: MPW), a healthcare REIT specializing in acute-care, community and rehabilitation hospitals, is now covered by analysts at Bank of America. MPW closed Tuesday, February 21, 2012 at $9.73, down -0.03 (-0.31%) on volume of 1,827,716.
MPW is trading:
- -3.45% below its 50-Day Moving Average, 10.08,
- -0.72% below its 200-Day Moving Average, 9.80,
- at the low end of its 52-Week Range of 8.17 – 12.65,
- with a Short Ratio of 9.80
Bank of America set a “buy” rating on MPW.
WNS Holdings Ltd (NYSE: WNS), a Mumbai, India based outsourcing company with over 200 clients worldwide, is now covered by analysts at Deutsche Bank. WNS closed Tuesday, February 21, 2012 at $10.94, down -0.06 (-0.55%) on volume of 130,912.
WNS is trading:
- 12.04% above its 50-Day Moving Average, 9.76,
- 2.21% above its 200-Day Moving Average, 10.70,
- in the middle of its 52-Week Range of 7.82 – 13.05,
- with a Short Ratio of 0.10
Deutsche Bank set a “buy” rating on WNS.
Fundamental company data provided by Capital IQ:
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