(EMAILWIRE.COM, April 29, 2011 ) Minneapolis, MN -- Summer is upon us. The Dow is climbing. More people are back to work. And the economy is all better.
Wait, huh?
At least that's how some make it sound. Well it's far from fixed. And come this fall and winter we will likely be back to where we were this past fall. But that doesn't mean that there isn't money to be made this summer. You just have to know where to look and how to find it.
So here's three stocks that could make great gains this summer according to Mega Stock Picks, publisher of a free online e-newsletter.
BioFuel Energy Corp. (BIOF) is trading around .72 cents per share, but has a 52 week high of $3.15 per share.
An earnings date was just announced and it is coming up faster than a FlexFuel (Ethanol) sports car. The earnings report is due out May 11 and we expect a steady increase upwards until then. Don't be surprised, though, if BIOF jumps after earnings and continues its way back to the $2 to $3 dollar range.
About the only downside to BIOF is its low volume but that could pick up considering high gas prices and its current share price.
Gold Reserve Inc. (GRZ) is currently trading at $1.72 per share, which isn't far from its 52-week high of $1.92. Earnings are scheduled for May 12.
Mega Stock Picks likes GRZ for a few reasons.
They mine gold and gold is hot. It's rising daily and oh yeah, hot! The price is right at $1.72 and the major reason we like GRZ is because they have cash on hand. Read below.
Gold Reserve Inc. (GRZ): Gold Industry. Market cap of $103.44M. Current cash holdings at $60.45M vs. average quarterly operating expenses over the last four quarters at $3.99M. Cash/Avg. Quarterly Operating Expense at 15.16, i.e. the company can pay 15.16 quarters worth of average quarterly operating expenses without needing to generate revenue. The stock has gained 55.36% over the last year.
Brocade Communications Systems (BRCD) is a truly undervalued stock and is a buyout target. Hewlett Packard and others like them are just sitting around licking their chops thinking BRCD, BRCD, BRCD.
Two things we all hear daily. The first being Apple this and Apple that. The other being Cloud Computing / Cloud Technology. Well, Brocade Communications Systems (BRCD) is in the Cloud and their stock will be up in the clouds in the future. But right now it's not. It's on the ground trading at $6.23 a share, where we can all reach it.
Earnings are coming out for BRCD on May 16 and we at Mega Stock Picks believe that on May 15 BRCD will be trading around the $7 range. We believe that BRCD will be over $10 by fall.
Out of the three stocks listed, we believe that BIOF will have the first quick rise as May is nearly here.
Are you a subscriber of Mega Stock Picks yet? If not, visit us at http://www.megastockpicks.com today and sign up by email to receive free alerts. Mega Stock Picks has actually made millionaires from its alert on Keryx Biopharmaceuticals, Inc. (NasdaqCM:KERX) at .18 cents among many other famous alerts.
About: Mega Stock Picks publishes a newsletter including free stock profiles and advertisements from its web site at http://www.megastockpicks.com. The company covers all sectors of the market from penny stocks to big-board "bottom bouncers."
Disclaimer: Mega Stock Picks is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Mega Stock Picks does not guarantee the accurateness of information in its communications. Investors should read the full disclaimer at http://www.megastockpicks.com before investing in any stock featured by the site.
Mega Stock Picks
Editor
612-638-8760
info@megastockpicks.com
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