There's hardly any certainty in the market, but even I have to admit it's become almost comical that the Nasdaq Composite�has hit a new high (including intraday highs) in 17 straight sessions while the broad-based S&P 500 (SNPINDEX: ^GSPC ) has now risen 19 consecutive Tuesdays. It's an odd pattern, but certainly one that's allowed traders to build upon this year's incredible gains.
Today, yet again, without a lack of important economic data, leadership from some of the nation's biggest companies helped drive the S&P 500 higher. Particularly, home-improvement retail chain Home Depot (NYSE: HD ) jumped nearly 3% after reporting better-than-expected first-quarter results and raising its full-year outlook. Home Depot finds itself in the sweet spot with commercial construction rebounding and many homeowners still well underwater in their homes and looking to remodel. It's certainly a company you can trust moving forward.
5 Best Healthcare Equipment Stocks To Own Right Now: Mediterranean Res Ltd(MNR.TO)
Mediterranean Resources Ltd. engages in locating, acquiring, exploring, and developing mineral resource properties in Turkey. It primarily explores for gold, and base and precious metals. The company, through its subsidiary, Akdeniz Resources Madencilik A.S., owns a 100% interest in the Yusufeli gold properties, including the Tac, Corak, Celtik, and Cevreli properties covering 11,310 hectares located in the province of Artvin. The company was formerly known as Mediterranean Minerals Corp. and changed its name to Mediterranean Resources Ltd. in December 2005. Mediterranean Resources Ltd. was founded in 1985 and is headquartered in Vancouver, Canada.
5 Best Healthcare Equipment Stocks To Own Right Now: Ocean Park Ventures Corp (OCP.V)
Ocean Park Ventures Corp. engages in the exploration and development of base and precious metal properties in the Americas. The company holds an option to acquire a 51% interest in the Adelita copper-gold-silver project located in the southern part of Sonora, Mexico; a 50% interest in the Trapper gold project consisting of 9 contiguous mining claims located in the Atlin Mining Division of northern British Columbia, Canada; and a 100% interest in the Metla gold property located in northern British Columbia, Canada. It also holds option to acquire the Chisna copper/gold property located in the south central state of Alaska. The company was formerly known as eTV Technology Inc. and changed its name to Ocean Park Ventures Corp. in April 2009. Ocean Park Ventures Corp. was incorporated in 1987 and is based in Vancouver, Canada.
Top 5 Value Stocks To Invest In Right Now: The First of Long Island Corporation(FLIC)
The First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides various financial services. It offers various deposit products, including checking, money market, savings, escrow service and interest on lawyer, time deposit, NOW, rent security, holiday club, and individual retirement accounts. The company?s loan portfolio consists of commercial and industrial loans; residential and commercial mortgage loans; home equity loans and lines; multifamily loans; construction loans; consumer loans, such as auto and home improvement loans, personal loans, overdraft checking lines, and credit cards; commercial loans, which include short-term business loans, term and installment loans, revolving credit term loans, and loans secured by marketable securities, general business assets, deposits, and surrender value of life insurance policies; and commercial and standby letters of credit. In addition, it provides account rec onciliation, ATM banking, bank by mail, bill payment, cash management, collection, drive-through banking, personal money orders, Internet and telephone banking, merchant credit card depository, lock box, night depository, payroll, remote deposit, securities transactions, signature guarantee, trust and investment management, wire transfers and foreign cables, and withholding tax depository services, as well as offers controlled disbursement accounts, travelers and counter checks, mutual funds, annuities, life insurance and securities, safe deposit boxes, and the U.S. savings bonds. Further, the company provides pension trust, personal trust, estate, and custody services; and insurance agency services, as well as owns a real estate investment trust. It offers its services to privately owned businesses, professionals, consumers, public bodies, and other organizations through its 34 branches primarily in Long Island and Manhattan. The company was founded in 1927 and is based in Glen Head, New York.
5 Best Healthcare Equipment Stocks To Own Right Now: Metabolix Inc.(MBLX)
Metabolix, Inc., a bioscience company, develops and commercializes technologies for the production of polymers and chemicals in plants and in microbes. It offers a proprietary microbial fermentation system to produce a family of polymers known as polyhydroxyalkanoates under the Mirel brand. Mirel holds biodegradability characteristics; and would be used in a range of commercial applications, including products used in agriculture and horticulture, compost and organic waste diversion bags, marine and aquatic applications, consumer products, business equipment and durable goods, and general packaging materials. The company also develops a proprietary platform technology for co-producing plastics, chemicals, and energy from crops, such as switchgrass, oilseeds, and sugarcane. It has a strategic alliance with ADM Polymer Corporation. The company was founded in 1992 and is based in Cambridge, Massachusetts.
5 Best Healthcare Equipment Stocks To Own Right Now: Saks Incorporated(SKS)
Saks Incorporated operates retail stores in the United States. Its stores offer an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. The company operates stores under the brand name of Saks Fifth Avenue (SFA) that are principally free-standing stores in shopping destinations or anchor stores in upscale regional malls. It also operates Saks Fifth Avenue OFF 5TH (OFF 5TH) stores, which are primarily located in upscale mixed-use and off-price centers. As of January 28, 2012, the company operated 46 SFA stores; and 60 OFF 5TH stores. Saks Incorporated also sells its products online at saks.com, as well as through catalogs. The company was founded in 1919 and is headquartered in New York, New York.
Advisors' Opinion:- [By Glenn]
My last pick is Saks (SKS -4.24%, news). I'd call this an extreme value play. The department store company didn't come through the recession in good shape -- it lost 42 cents per share in the fiscal year that ended in January 2011 -- and it's not exactly going gangbusters now. Earnings for fiscal 2012 are projected at 5 cents a share.
But Saks seems to be in play. Diego Della Valle, the founder of Tod's, disclosed Oct. 2 that he had increased his holdings to 19% of Saks. Mexican billionaire Carlos Slim owns 16%.
There are persistent rumors that private-equity investment companies from the United States and the United Kingdom are circling. It's not too far-fetched to imagine an offer for more than the current stock price of about $11.
It's the season for visions of sugarplums, after all.
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