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.