|SoTM Bull's Eye Report - Today's Most Compelling Buy |
Wednesday, May 29, 2013
At StateoftheMarkets.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.
|Gulfport Energy Corp ||GPOR || Oil & Gas Exploration & Production || 8.0 || +20.92% || $47.44 |
Why We Like The Stock:
Gulfport Energy Corp (GPOR) 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. Energy stocks haven't been big outperformers in 2013 like Consumer and Health Care stocks, but with chatter of sector rotation and favorable seasonality, now might be a good time to hone in on some Energy stocks worth picking up. GPOR is a small-cap stock in the Oil & Gas Exploration & Production space, though it looks considerably better from a technical standpoint than its peers SM Energy Co (SM) and Newfield Exploration Co (NFX). The stock hit recent highs in early May of $59.38, then proceeded to pull back down to the 50-day moving average. Currently, the stock bounced off of the 50-day this morning, and seems to have based just north of $48. We like GPOR here for a run back up to recent highs and a continuation of its strong uptrend dating back to June of 2012.
|We Would Be Buyers: |
At the current price (~$48.36).
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|Company Profile: |
The Madison Square Garden Company (Madison Square Garden), formerly Madison Square Garden, Inc., is a fully-integrated sports, entertainment and media business. The Company has three segments: MSG Media, MSG Entertainment and MSG Sports. The Company conducts a portion of its operations at venues that it either owns or operates under long-term leases. The Company owns the Madison Square Garden Arena (The Garden) and The Theater at Madison Square Garden in New York City, as well as The Chicago Theatre in Chicago. It leases Radio City Music Hall and the Beacon Theatre in New York City. The Company also has a booking agreement with respect to the Wang Theatre in Boston.
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: MSG
Note: Positions may be bought or sold while this publication is in circulation without notice.
Gulfport Energy Corp - Last 3 Months
Gulfport Energy Corp - Last 12 Months
Gulfport Energy Corp - Last 5 Years
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