Finishing off the Stock Picks: What to Expect from the Rest

Building off of yesterdays article, here is an update on the rest of my stock picks. Here it goes:

Foster Wheeler (FWLT) Bought on 7/16/2009 at $19.75 now at $32.00, Total Return: ↑62%

Hold. Foster Wheeler has surged a lot recently setting it up for some form of a pull-back in the stock price. Long-term I am still a fan due to the strong growth potential. What do I mean? FWLT tapping into the international market with large projects in the Middle East/India. These large revenue streams will allow for FWLT to continue to expand and become a dominant player. Also they have a large order of backlogged work orders meaning that revenue will continue to come through into the new year even if the industry doesn’t pick up as expected. Long-term its a solid holding but expect a minor setback. Here is the link to read the Original Foster Wheeler Research Report.

U.S. Corporation (USG) Bought on 7/23/2009 at $12.03 now at $15.66, Total Return: ↑30%

Buy/Hold. This stock has fluctuated as of recently though long-term the potential is still there. As the housing market continues to recover within the next few years more and more new projects will start up offering new business which USG will feed off of. $19 is still a great target come 2010. Here is the link to read the Original U.S. Corporation Research Report.

Gamestop (GME) Bought on 8/4/2009 at $22.86 now at $25.24, Total Return: ↑11%

Buy. Long-term though it is a great pick. It is overlooked. The reason the video game industry has been struggling is not because of the recession but because no good video game titles have been released.  Now that new titles have started to come out we have seen a significant increase in video game sales. In September numbers jumped significantly showing a resurgence in the industry. Not one top title has come out within a year. Backing this up Gamestop has strong financials, management, and a healthy balance sheet which all bodes well. Stay in or buy in which ever fits you. Here is the link to read the Original Gamestop Research Report.

Altria Group, Inc (MO) Bought on 9/3/2009 at $18.28 now at $18.18, Total Return: 0%

Buy. For the safe investor long-term Altria is a safe bet. It doesn’t fluctuate to much yet is backed up by strong financials and a nice dividend. Altria has managed to cut costs with smart acquisitions and moves plus with the new initiatives pushed forward by congress any form of competition should be pushed out of the way. $23.50 is a strong target come 12-months from now. Here is the link to read the Original Altria Group Research Report.

EOG Resources (EOG) Bought on 9/29/2009 at $80 now at $91.45, Total Return: ↑15%

Hold. EOG has posted nice results in the past two weeks making it now a hold. Long-term it is still a strong play due to the projected increases in production and demand for Natural Gas. They have strong balance sheet, good ROE and ROA, plus are a dominant player in the U.S. market. Once Natural Gas becomes a force in the U.S. so will EOG. Here is the link to read the Original EOG Resources Research Report.

GigaMedia Limited (GIGM) Bought on 10/8/2009 at $4.78 now at $4.78, Total Return: 0%

Buy. I like GIGM due to its strong growth potential in the Chinese Gaming Market. GIGM is undervalued as they have a strong balance sheet, cash on hand, no debt, and strong gaming products already. They have received big contracts in the past year solidifying them as one of the major players in the sector. With the U.S. loosening restrictions on online gaming this opens a new door for GIGM to excel in. Here is the link to read the Original GigaMedia Limited Research Report.