Tuesday, January 15, 2013

Chart walk

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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