Which stocks to buy and picking good stocks to buy now may be quantified in numbers. But, in its purest form, it’s about philosophies. When deciding which stock is the best stock to buy now, whether it’s a penny stock or blue chip, you should be greedy in your intake of information to Aim for the High Profits.
In choosing good stocks to buy now, one tried and true method for many of the most profitable traders has been monitoring the analyst ratings; most especially the upgraded stocks and newly covered stocks with positive ratings issued to them.
If you are unsure about how to understand Analysts Ratings, check our post to get a better understanding on spotting good stocks to buy now.
These 5 stocks all were upgraded or initiated coverage to a “buy” rating or better from Wall Street analysts yesterday and would all be considered good stocks to buy:
Fundamental company data provided by Capital IQ:
Upgraded To “Buy” Or Better
H&E Equipment Services, Inc. (NASDAQ: HEES)
H&E Equipment Services, Inc., an integrated equipment services company, provides heavy construction and industrial equipment in the United States. HEES rents, sells, and provides parts and service support for hi-lift or aerial platform equipment, cranes, earthmoving equipment, and industrial lift trucks.
HEES closing price for Wednesday, February 8, 2012 was $19.11, up 6.17% (+1.11).
HEES has a 52-week high of $20.40 and a 52-week low of $6.80.
HEES has a 1-Yr Target Price of $17.00 with a Market Cap of $665.14M.
HEES was upgraded by analysts at KeyBanc from a “hold” rating to a “buy” rating who now have a $24.00 price target on the stock.
Magellan Midstream (NYSE: MMP)
Magellan Midstream Partners, L.P., together with its subsidiaries, engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. MMP’s pipeline system transports petroleum products and liquefied petroleum gases from the Gulf Coast refining region of Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin, and Illinois.
MMP closing price for Wednesday, February 8, 2012 was $69.00, up 0.80% (+0.55).
MMP has a 52-week high of $69.60 and a 52-week low of $51.00.
MMP has a 1-Yr Target Price of $67.89 with a Market Cap of $7.78B.
MMP was upgraded by analysts at Ladenburg Thalmann from a “neutral” rating to a “buy” rating who now have a $75.00 price target on the stock, up previously from $67.50.
Otelco, Inc. (NYSE: OTT)
Otelco Inc. provides wireline telecommunications services in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia. OTT’s services include local and long distance telephone, network access, transport, digital high-speed data lines and dial-up internet access, cable television and other telephone related services.
OTT closing price for Wednesday, February 8, 2012 was $12.98, up 9.26% (+1.10).
OTT has a 52-week high of $20.00 and a 52-week low of $11.39.
OTT has a 1-Yr Target Price of $17.25 with a Market Cap of $171.61M.
OTT was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating.
SolarWinds, Inc. (NYSE: SWI)
SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software to IT professionals. SWI offers free tools, including desktop, laptop, or server-based applications designed for use by individual IT professionals focused on a single network or infrastructure management task; tools for engineers comprising desktop-based and laptop-based applications for individuals who need specific solutions for routine and complicated tasks; and for engineers, such as individual tools and toolsets.
SWI closing price for Wednesday, February 8, 2012 was $36.59, up 0.63% (+0.23).
SWI has a 52-week high of $37.37 and a 52-week low of $18.82.
SWI has a 1-Yr Target Price of $33.23 with a Market Cap of $2.67B.
SWI was upgraded by analysts at Noble Financial from a “hold” rating to a “buy” rating.
Coverage Initiated
Natural Gas Services Group, Inc. (NYSE: NGS)
Natural Gas Services Group, Inc. provides small to medium horsepower compression equipment to the natural gas industry in the United States. NGS manufactures, fabricates, and rents natural gas compressors, as well as provides maintenance services; sells custom fabricated natural gas compressors; and manufactures and sells flare systems for oil and gas plant and production facilities.
NGS closing price for Wednesday, February 8, 2012 was $14.46, up 0.56% (+0.08).
NGS has a 52-week high of $19.50 and a 52-week low of $10.92.
NGS has a 1-Yr Target Price of $21.00 with a Market Cap of $176.79M.
NGS is now covered by analysts at Sidoti who set a “buy” rating on the stock.
Stock market investing is about coming across sketches of a financial plan that lead to the investigation of companies which ends up on finally determining which one, or ones, to make investment in – or not. These ideas can be spawned by reading newspapers, magazines, and internet articles, scanning share market tables or just picking up the phone and talking to your stockbroker.
The most popular approach for the 21st century is to take out a subscription to a financial newsletter. AimHighProfits.com offers a “FREE” subscription to receiving news and alerts on the “hottest penny stocks” in the stock market today.
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