good investment stocks

Stocks rose for a third day as the Fed’s decision to leave interest unchanged yesterday continued to fuel the market.

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The S&P 500 rose 0.7% to 2,177.18 today, while the Dow Jones Industrial Average advanced 98.76 points, or 0.5%, to 18,392.46. The Nasdaq Composite gained 0.8% to 5,339.52, a new record high.

BMO Capital Markets’ Brian Belski and team are increasing their price target for the S&P 500 to 2,250 by the end of the year:

By not hiking rates, the Fed provided the markets with precisely what they had been expecting, and in doing so, removed a significant downside surprise, in our view. Indeed, our base case scenario was that the Fed would inevitably misfire and surprise the markets sometime this year, but it now appears that that is off the table with seemingly only the December FOMC meeting in play. As a result, we see no catalyst for a major market correction or meltdown between now and year-end and are deciding to mark to market our year-end target to 2,250 from 2,100. In other words, investors should be encouraged to add to core positions on minor pullbacks. To be clear, we made no changes to the assumptions in our underlying models. Instead, the new target reflects our pre-established best-case scenario, which has always been a part of our target-setting process. And while our new target reflects only incremental gains from current levels, we see no reason to set it any higher. Why? Because we firmly believe the Fed is going to hike rates at the December meeting based on the fact that there were three dissensions in the last meeting and considering the tone of the statement, which we believed could have been used word for word had they decided to raise rates. So the way we see it is that the market drifts higher from now until mid-December, then the Fed hikes rates and stocks fade into year-end following the decision similar to the market reaction following the December 2015 rate hike.

good investment stocks: Golden Ocean Group Limited(GOGL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    StarBulk Carriers (SBLK) and Safe Bulkers (SB) have more than tripled during the past 12 months, while Golden Ocean Group (GOGL) has more than doubled. So it must be time for an upgrade right?

good investment stocks: Brown(n)

Advisors’ Opinion:

  • [By Arie Goren]

    On November 5, Oracle (NYSE:ORCL)confirmed that it has finally completed the acquisition of Netsuite (NYSE:N) for $9.3 billion in cash, or $109 per share that the company had initially offered. In my previous article about Oracle, I had suggested that the acquisition of NetSuite, the cloud business application software company, is a smart move by Oracle. What’s more, it is not paying an excessive price for the deal. In fact, Oracle insisted that it will not pay more than what it had first offered despite the resistance from T Rowe Price (NSDQ:TROW)which demanded $133 per share.

good investment stocks: Superior Energy Services Inc.(SPN)

Advisors’ Opinion:

  • [By Lisa Levin]

    Tuesday afternoon, the energy shares slipped by just 0.2 percent. Meanwhile, top gainers in the sector included Willbros Group Inc (NYSE: WG), up 7 percent, and Superior Energy Services, Inc. (NYSE: SPN), up 6 percent.

  • [By Lisa Levin]

    Thursday afternoon, energy shares slipped by just 0.1 percent. Meanwhile, top gainers in the sector included Superior Energy Services, Inc. (NYSE: SPN), and Yanzhou Coal Mining Co Ltd (ADR) (NYSE: YZC).

  • [By Wayne Duggan]

    Instead, Genargo prefers oil services stocks with the most exposure to the U.S market. Loop names Halliburton Company (NYSE: HAL) as its top large-cap stock pick and Oil States International, Inc. (NYSE: OIS), Newpark Resources Inc (NYSE: NR) and Superior Energy Services, Inc. (NYSE: SPN) as its top small- and mid-cap stocks.

  • [By Lisa Levin]

    Energy sector was the top gainer in the US market on Friday. Top gainers in the sector included Superior Energy Services, Inc. (NYSE: SPN), Panhandle Oil and Gas Inc. (NYSE: PHX), and SM Energy Co (NYSE: SM).

good investment stocks: Tetra Technologies, Inc.(TTI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Wednesday afternoon, the energy sector proved to be a source of strength for the market. Leading the sector was strength from TETRA Technologies, Inc. (NYSE: TTI) and Abraxas Petroleum Corp. (NASDAQ: AXAS).

  • [By Lisa Levin]

    Energy sector was the top gainer in the US market on Wednesday. Top gainers in the sector included TETRA Technologies, Inc. (NYSE: TTI), CARBO Ceramics Inc. (NYSE: CRR), and Atwood Oceanics, Inc. (NYSE: ATW).

good investment stocks: Fiserv, Inc.(FISV)

Advisors’ Opinion:

  • [By Lee Jackson]

    These companies also reported insider selling last week:Corcept Therapeutics Inc. (NASDAQ: CORT), Customers Bancorp Inc. (NYSE: CUBI), Ellie Mae Inc. (NYSE: ELLI), Fiserv Inc. (NASDAQ: FISV) and Ulta Beauty Inc. (NASDAQ: ULTA).

good investment stocks: Legacy Reserves LP(LGCY)

Advisors’ Opinion:

  • [By Lisa Levin]

    Energy shares surged around 1.85 percent in trading on Monday. Top gainers in the sector included Legacy Reserves LP (NASDAQ: LGCY), Whiting Petroleum Corp (NYSE: WLL), and Atwood Oceanics, Inc. (NYSE: ATW).

  • [By Lisa Levin]

    On Wednesday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Willbros Group Inc (NYSE: WG) and Legacy Reserves LP (NASDAQ: LGCY).

  • [By Lisa Levin]

    On Wednesday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Ocean Rig UDW Inc (NASDAQ: ORIG) and Legacy Reserves LP (NASDAQ: LGCY).

  • [By Lisa Levin]

    On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from NGL Energy Partners LP (NYSE: NGL) and Legacy Reserves LP (NASDAQ: LGCY).

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