Financial stock news
has been showing signs of life after a rather disappointing 2010.
Bank of America
), up +25% in the last month, or
) which is up almost +12%, compared with gains of about +4% for the
broader market. This has caused many investors to view financials
as some of the
best stocks for 2011.
But the big bailed out banks aren't the only ones on the
rise. A number of small, agile bank stocks and
financial services companies are heating up right now and have seen
some very impressive gains in just a few days' time. If this
trend continues, these picks could soar in 2011 as financials hit
6 Reasons to Buy Bank of America Stock
Here are four top financial penny stocks for you to consider
buying this week:
China HGS Real Estate Inc. (
China HGS Real Estate Inc.
) is a bit of an oddball. It's a real estate development
company that deals primarily in the construction and sale of
residential apartments, car parks and commercial properties in
Asia. While some may think China is falling out of favor, HGSH has
started 2011 off on the right foot - gaining +14% since the first
of the year. HGSH is an affordable stock, as it is currently priced
at just $3.35. With a 52-week range of $2.00 to $5.00 it is clearly
a long ways away from the top of its recent run, so consider this
financial stock before it gets pricier.
MPG Office Trust Inc. (
MPG Office Trust Inc.
) is a full service real estate company in California that
specializes in in-house expertise with resources in property
management, marketing, leasing, acquisitions, development and
financing. Over the past 12 months, MPG has been very successful,
with its stock doubling compared to gains of about +12% and +11%
for the S&P 500 and the Dow Jones, respectively. More recently,
this penny stock is up over +50% since mid-November. Based on this
track record, MPG is a penny stock worth buying at $3.10.
Ladenburg Thalmann Financial Services (
Based in Miami,
Ladenburg Thalmann Financial Services
) is an investment banking, equity research, and asset management
firm. The investment minds at this company appear to know what to
buy and sell - over the past 52-weeks, LTS has jumped about +90%,
compared to much smaller gains by the broader markets. Since
September, this financial stock is up +52.5% as well. Importantly,
LTS posted a quarterly revenue growth of +19.7%, year-over-year, in
its last income statement. Trading at $1.22, this penny stock is a
RAIT Financial Trust (
Self-managed and self-advised real estate investment trust
RAIT Financial Trust
)offers debt financing options to the commercial real estate
industry, as well as fixed income trading and advisory services.
Since this time last year, RAS has seen its stock price double.
Additionally, over the past three months, this penny stock is up
nearly +50% so most of these gains have come recently. RAS
outperformed earnings estimates by over +75% last quarter, and with
a quarterly revenue growth north of +11% in its last income
statement, RAS is a penny stock to buy.
As of this writing, Louis Navellier did not own a position in
any of the stocks named here.