Searching
through the NYSE stock universe I came across the following stocks which look
to have some short-term potential. The
stocks in question are worth watching as we progress through another earnings
season:
NiSource
(NI), a gas distribution stock. As
previously noted, the oil/gas sector is strengthening and could benefit from
positive earnings surprises this season.
Norfolk
Southern Corp. (NSC), a railroad stock.
Member of the ultra-strong transportation sector, this
institutionally-held stock has lagged the Transports and could end up playing a
belated game of “catch up” before earnings season ends.
Northstar
Realy Finance Corp. (NRF), a mortgage REIT.
I don’t personally advocate REIT plays, especially when the dividend
yield is as high as NRF’s (9.02%).
Yields above 5% tend to coincide with higher-than-average volatility in
the stock’s price. NRF is a momentum
stock and could go higher in the short-to-intermediate-term, but is too risky
for my liking.
Old
National Bancorp (ONB). A laggard bank
stock that looks like it could finally catch up to its elder brethren during
this earnings cycle.
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