3 Stocks to Buy Right Now

Investing Ideas (Gekko Style)

WallStNation.com reviews three stocks that should continue to benefit in 2012 and into 2013.  Making the cut are Apple Inc (AAPL), Bank of America (BAC), and underdog Peabody Energy (BTU)

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3 Stocks to Buy Right Now - WallStNation.com

BAC

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BTU

Bank of America (BAC) is trading at $8.26 and pays a small .48% annual dividend yield.  BofA has been a volatile investment since Lehman Brothers fell apart in 2008, the world and financial instituions will never be the same.  Say what you will about BAC but the average analyst target price is $12.51 according to finviz.com.  Should BofA hit $12.51 in the next 12 months it would bank an incredible 52% return.

BofA is a house hold name and its not falling apart. Should U.S. financials comback this year BAC is going to head higher.

 

Peabody Energy (BTU) is at $30.42 a share and pays a 1.12% annual dividend yield.  Peabody shares have traded between $27.11 and $68.30 over the past 12 months.  BTU shares are now trading with a P/E Ratio of 8 and are 10.88% from its 52-week low.

Peabody has a terrible looking chart and there's cause for it.  The company has reduced production from U.S. mines after demand declined because of record high temperatures in the U.S. and natural-gas prices fell to the lowest in a decade.  

 

Apple Inc (AAPL) is at $609 a share. Apple Inc (AAPL) shares have traded between $310.50 and $644 over the past 12 months.  AAPL shares are now trading with a P/E Ratio of 13.7 and EPS of 41.02. Last time we recommended buying Apple was on Feb 27th the stock has gained another 16%.  

Apple just delivered another amazing quarter selling 35.1 million iPhones, 4 million Mac computers and 7.7 million iPods.  The company's Net income in the quarter hit $11.6 billion, or $12.30 a share, as sales rose 59% to $39.2 billion.  Apple has $110.2 billion in cash and investments on its balance sheet. The domination is now moving into China, which made up $7.9 billion of revenue for the quarter.

Bottom line:

Apple is heading higher, there's no reason for debate. 

Peabody could bounce back if coal gets any positive news in the coming months. 

BofA should be at $10 by the close of 2012, that's a 21% return from today's price. 

 

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