3 Stocks Under $10 to Buy

WallStNation reviews three stocks under $10 that have potential to be money makers in 2012.  The stocks consist of United States Natural Gas Fund, LP (UNG), New York Mortgage Trust, Inc. (NYMT), and Trina Solar (TSL).

Natural Gas has hit bottom, cue the US Natural Gas Fund (UNG)
The UNG has been a terrible investment for the last 12 months, its price has been cut in half.  The United States Natural Gas (UNG) shares have traded between $4.98 and $12.64 over the past 12 months.  For the past 6 months the UNG hit a new low every other day. The UNG has finally stopped falling, bouncing 15% since reaching under $5 a share. 

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Don't expect the UNG to go on a tear from here, however we don't anticipate it falling more in 2012.  Last week natural gas prices were up thanks to forecasts that foresee a stronger wave of colder weather moving across the east coast and U.S. south over the next two weeks. Almost 1/2 of all U.S. homes are heated with natural gas.  Thanks to a cold blast hitting the U.S. and news that Chesapeake Energy Corp. (CHK), the second-largest U.S. natural-gas producer cut nat. gas output last week -- natural gas prices have stabilized.

Solar on the Mend, hello TSL
Trina Solar Ltd (TSL) shares have traded between $5.28 and $31.08 over the past 12 months.  Trina Solar shares are at $8.67 trading with a P/E Ratio of 3.8 and EPS of 2.26.
Why Trina?
Jan. 27 (Bloomberg) -- China may double its installations of solar panels this year, absorbing excess production that depressed prices and margins in 2011, chief executive officers from two of the industry’s top five manufactures said.

Suntech Power Holdings Co. CEO Zhengrong Shi estimated the nation may add 4 gigawatts or more of panels, and Trina Solar Ltd. CEO Jifan Gao expects 5 gigawatts. That compares with about 2.2 gigawatts installed in the country in 2011, more than double the capacity of the average nuclear reactor in the U.S.  Continue..

NYMT - High Yield Dividend
New York Mortgage Trust, Inc. (NYMT) pays out 25 cents every quarter, that clocks in at a 14.2% annual dividend yield for the year.  New York Mortgage Trust trades at $7.04 a share, the stock is trading in the middle of its 52-week range of $6.04 to $7.98.   NYMT is a self-advised real estate investment trust (REIT).  A large part of NYMT’s portfolio is in LIBOR-adjusting business loans, which yield more as rates increase.

CHARTS - UNG, TSL, NYMT