Celestica Inc., Hercules Offshore, Inc., Northern Dynasty Minerals Ltd., Pacer International, Inc. and The E.W. Scripps Company
Zacks.com featured expert Kevin Matras highlights: Celestica Inc., Hercules Offshore, Inc., Northern Dynasty... -- CHICAGO, Feb. 8, 2012 /PRNewswire/ --
Zacks.com featured expert Kevin Matras highlights: Celestica Inc., Hercules Offshore, Inc., Northern Dynasty Minerals Ltd., Pacer International, Inc. and The E.W. Scripps Company
CHICAGO, Feb. 8, 2012 /PRNewswire/ -- Stocks in this week's article include: Celestica Inc. (NYSE: [ CLS ]), Hercules Offshore, Inc. (NASDAQ: [ HERO ]), Northern Dynasty Minerals Ltd. (AMEX: [ NAK ]), Pacer International, Inc. (NASDAQ: [ PACR ])and The E.W. Scripps Company (NYSE: [ SSP ]). Kevin Matras departs from his typical stock screening to find stocks under $10 with explosive potential.
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Screen of the Week written by Kevin Matras of Zacks Investment Research: This screen is a bit of a departure from my normal stock screens. Usually I require my screens to have a minimum price of $10 per share. But I do at times scan for stocks under $10. And that's one of the screens I'm running for myself right now.My minimum has typically been $10. With over 10,000 stocks out there, this minimum quickly lets me cull down several thousand stocks with a click of a button.
That doesn't mean there aren't any good stocks below that price point, because there are.
But, when screening for ideal stock candidates (and for me, a price under $10 is typically less than ideal), a $10 minimum does the trick.
But I can recall several sub-$10 stocks in the past that worked out exceptionally well. Maybe it's because I use them sparingly. Or maybe it's because I'm ultra picky in selecting them.
Either way, there can be a place for cheaper stocks in your portfolio sometimes.
And that's what we're looking at today…
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