1. Apple is my April stock pick, 143.01 a share / Target price is 155.00.
On the short term, Apple's holiday sales and improving computer market share will push the stock up. I think it's under-valued ,However close to its peak production. This one's going to start taking off by mid-spring. This is a long term play .
2. RPC. INC. ( RES ) is my april stock pick, 14.80 a share / Target price is 17.00.
Black Gold Services ( Small Cap ) , Big Play !
RPC. INC.provides a range of oilfield services that are in exploration, production & development of oil & Gas.( RES )Has been a great investment over the past 5 years & will be for the next 5 more years to come. Reasonable valuations as a result of missing the past few earnings. Forecast , should pick up steam in 2008,2009 ... . This company will benifit as exploration companies are forced to work harder to get at oil reserves. A wild card would be , if congress ever passes a bill , that would allow the USA to drill in Alaska. P/E is 13. RES is around there 1 year low, currently undervalued & still pays a nice Dividend(.20 cents )a share. This company recently borrowed big $$$$ ( 100 Million ) to buy equipment and expand the business. RES has good financials , Low Debt. I believe ( RES ) is well positioned to benefit from continued cyclical strength w/ both increasing drilling activity & natural gas production, i am forcasting increasing demand for pressure pumping services by ( RES ). The fundamentals are excellent and the inside ownership is more than respectable 66%.The management has been buying up a lot of shares lately, thats a great sign that RPC. INC. management team has a lot of faith within there company and product. So buy up shares on the dips and explore great rewards in the long term !! ( this is a long term play )
Markets were little changed as stock averages remain at or near records
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Dow was up 47, advancers over decliners about 2-1 & NAZ lost 20. The MLP
index went up 2+ to the 284s & the REIT index gained 2+ to the 385s. Junk
bond...
6 hours ago
1 comment:
Everybody sell 1/2 your poistion on my 2 top stock picks for april ( apple & RES ) they past there target price sell 1/2 and let apple ride more up to 175.00 a share & RES to 19.50 a share ! my last 4 picks are up a total of 24 %!! stay tuned for may picks !! ANy insight please share !
thanks,
Mad Man
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