What do a Natural Gas and Oil Company, an IPO that was less than exciting compared to the upcoming Facebook IPO, Magic from Israel and a WisdomTree all have in common?
They are 4 of the best stocks to buy now under $8, February 14, 2012, all upgraded or initiated coverage to a “buy” rating or better recently from Wall Street analysts and all considered good stocks to buy under $8:
Upgraded To “Buy” Or Better
1. One of our favorite Natural Gas and Oil stocks, SandRidge Energy Inc. (NYSE: SD), producers of natural gas and oil reserves primarily in the Permian Basin, Mid-Continent, and the West Texas Overthrust (WTO), was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. Stifel Nicolaus now have a $10.50 price target on SD.
SD One Year Chart:
SD closed Monday at $7.79, up 4.42% (+0.33) . SD is trading -41.60% below its 52-week high, $13.34, 71.21% above its 52-week low, $4.55.
Initiated Coverage
2. With their recent IPO much less spectacular than the upcoming Facebook IPO that everyone wants to buy, Cempra, Inc. (NASDAQ: CEMP), a clinical-stage pharmaceutical company, is now covered by analysts at WBB Securities who set a “speculative-buy” rating and a $8.50 price target on CEMP.
CEMP Chart:
CEMP closed Monday at $6.07, up 1.17% (+0.07) . CEMP is trading -3.19% below its high since its IPO debut, $6.27, 1.17% above its IPO pricing, $6.00.
3. Magic Software Enterprises Ltd (NASDAQ: MGIC), provider of mobile and cloud-enabled application platforms, is now covered by analysts at Maxim Group. Maxim group set a “buy” rating and a $9.00 price target on the Israel based business integration stock. MGIC is expected to report earnings prior to the market open Tuesday, February 14.
MGIC One Year Chart:
MGIC closed Monday at $6.93, up 6.13% (+0.40) . MGIC is trading -24.59% below its 52-week high, $9.19, 77.24% above its 52-week low, $3.91.
4. WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange traded fund (ETF) sponsor and asset manager, is now covered by analysts at Citigroup. Citigroup set a “buy” rating and a $8.00 price target on the stock. Last week, WETF announced its second largest ETF, WisdomTree Dividend ex-Financials Fund (DTN), broke the Billion Dollar level in assets. WETF has roughly $14.2 billion in ETF assets under its management.
WETF One Year Chart:
WETF closed Monday at $6.55, up 2.66% (+0.17) . WETF is trading -22.94% below its 52-week high, $8.50, 274.29% above its 52-week low, $1.75.
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