|SoTM Bull's Eye Report - Today's Most Compelling Buy |
Friday, May 10, 2013
At StatoftheMarkets.com, we strive to "own the best and ignore the rest" in our equity portfolios. Toward this end, each day we search our database for a "top stock" (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical "set up" and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the "bull's eye" stock shown below is generally their first choice.
|Gannett Co Inc || GCI || Publishing || 9.8 || +10.98% || $19.98 |
Why We Like The Stock:
Gannett Co Inc (GCI) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Publishing stocks haven't been extremely hot since mid-March, but they seem to be turning a corner this week. Just look at GCI's competitors, Morningstar (MORN), Meredith Corp (MDP), and Washington Post (WPO). GCI crossed above it's 50-day moving average yesterday, and is gaining again today. While there's resistance overhead at $22, GCI offers a quick +2.5% gain up to that price, which seems almost inevitable here. Should this Publishing stock break higher, the positive intermediate-term trend continues higher, and this could be a very profitable trade. With solid support at $20, we like GCI back up to $22 and beyond.
|We Would Be Buyers: |
At the current price (~$21.35).
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|Company Profile: |
Gannett Co., Inc. is an international media and marketing solutions company, delivering content and services across an integrated, multi-platform portfolio. The Company’s portfolio of national brands includes USA TODAY and CareerBuilder. The Company’s properties cover a range of geographies, demographics and interest areas. The Company provides consumers with the information they want and connects them to their communities of interest through multiple platforms, including the Internet, mobile, tablet, print publications and television (TV) stations. During the fiscal year ended December 25, 2011 (fiscal 2011), CareerBuilder acquired JobsCentral. In August 2012, it acquired BLiNQ Media LLC. In September 2012, it acquired Mobestream Media. In September 2012, it, Tribune Company and The McClatchy Company acquired Economic Modeling Specialists Intl. In January 2013, the Company's USA TODAY Travel Media Group acquired 10Best.com.
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 - 10 with 10 being the highest.
At the time of publication the editor and affiliated companies own the following positions: None
Note: Positions may be bought or sold while this publication is in circulation without notice.
Gannett Co Inc - Last 3 Months
Gannett Co Inc - Last 12 Months
Gannett Co Inc - Last 5 Years
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