Top Blue Chip Stocks To Own For 2019

Wednesday’s vicious stock sell-off may have been painful to watch, but it ultimately could be just what the market needed.

Investors watching what ended up as an 832-point loss in the Dow Jones Industrial Average couldn’t help but remember the frenzied correction that began in late January and never really abated until April. Multiple trading days looked a lot like Wednesday’s action, with the blue chip dropping hundreds of points in a matter of minutes.

But that’s where the comparison ends, said Jamie Cox, managing partner at Harris Financial Group.

“This was way different than February and March,” Cox said of the sell-off that began over inflation fears, much the same as the current market condition. “In February, everything got shellacked. Even banks didn’t get hit that bad today. It wasn’t what you’d expect in a full-blown washout sell-out. To me, that was the most important piece, that this is not going to herald something worse.”

Top Blue Chip Stocks To Own For 2019: Tower International, Inc.(TOWR)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Tower International (NYSE:TOWR) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

  • [By Logan Wallace]

    Tower International Inc (NYSE:TOWR) has received an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.00.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Tower International (TOWR)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    Here are some of the news articles that may have impacted Accern’s analysis:

    Get Tower International alerts:

    Bridging North America will build Gordie Howe International Bridge (windsorstar.com) Woods Bagot Unveils Design of Firm’s First Grade a Office Tower in Manila (dexigner.com) Gordie Howe International Bridge will be longest cable-stayed bridge in North America (clickondetroit.com) China Tower Is Said to Start Gauging Demand for Hong Kong IPO (bloomberg.com) Brokerages Expect Tower International Inc (TOWR) Will Announce Earnings of $1.08 Per Share (americanbankingnews.com)

    TOWR has been the topic of several recent analyst reports. Zacks Investment Research upgraded Tower International from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Saturday, May 5th. ValuEngine downgraded Tower International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Roth Capital initiated coverage on Tower International in a research report on Thursday, May 24th. They set a “buy” rating and a $41.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $35.50.

  • [By Ethan Ryder]

    Tower International Inc (NYSE:TOWR) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.33.

  • [By Shane Hupp]

    Delphi Management Inc. MA reduced its position in shares of Tower International Inc (NYSE:TOWR) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,753 shares of the auto parts company’s stock after selling 2,005 shares during the quarter. Delphi Management Inc. MA owned about 0.10% of Tower International worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Top Blue Chip Stocks To Own For 2019: Comp En De Mn Cemig ADS(CIG)

Advisors’ Opinion:

  • [By Ethan Ryder]

    These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

    Get VBI Vaccines alerts:

    50 days simple moving average (SMA50) Evaluation: VBI Vaccines Inc. (NASDAQ:VBIV), Cigna Corporation (NYSE:CI … (stocksnewspoint.com) Year-to-date (YTD) under Review Companhia Energetica de Minas Gerais SA (NYSE:CIG), VBI Vaccines Inc … (stocksnewspoint.com) Investors Focused Healthcare Stock: VBI Vaccines Inc. (VBIV) (nasdaqplace.com) Have an eye on: Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS), VBI Vaccines … (journalfinance.net) Should You Have this stock in Your Portfolio? VBI Vaccines Inc. (VBIV) (connectinginvestor.com)

    VBIV has been the subject of several research analyst reports. Zacks Investment Research lowered shares of VBI Vaccines from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Noble Financial reaffirmed a “buy” rating on shares of VBI Vaccines in a research report on Friday, March 23rd. BMO Capital Markets increased their price objective on shares of VBI Vaccines from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, May 10th. Finally, ValuEngine raised shares of VBI Vaccines from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.42.

  • [By Max Byerly]

    CEMIG (NYSE:CIG) and Huaneng Power International (NYSE:HNP) are both mid-cap utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, dividends, earnings, risk and profitability.

  • [By Rich Smith]

    Shares of Brazilian electric utility Companhia Energetica de Minas Gerais (NYSE:CIG) gained 9.4% on the day.

    Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS), a Brazilian wastewater treatment company, closed 9.6% higher.

  • [By Stephan Byrd]

    CEMIG (NYSE:CIG) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 10,718,816 shares, a growth of 174.6% from the May 31st total of 3,903,277 shares. Based on an average daily volume of 6,056,542 shares, the short-interest ratio is presently 1.8 days.

  • [By Logan Wallace]

    CEMIG (NYSE:CIG) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.80.

Top Blue Chip Stocks To Own For 2019: PRGX Global, Inc.(PRGX)

Advisors’ Opinion:

  • [By Joseph Griffin]

    PRGX Global (NASDAQ:PRGX) Director Matthew A. Drapkin purchased 35,766 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The stock was bought at an average cost of $9.64 per share, with a total value of $344,784.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

  • [By Stephan Byrd]

    These are some of the headlines that may have effected Accern’s analysis:

    Get PRGX Global alerts:

    PRGX Global Inc (PRGX) Given $12.50 Average Target Price by Analysts (americanbankingnews.com) PRGX Global Inc (PRGX) Expected to Announce Quarterly Sales of $46.33 Million (americanbankingnews.com) Edited Transcript of PRGX earnings conference call or presentation 9-Aug-18 9:00pm GMT (finance.yahoo.com) Analysts Anticipate PRGX Global Inc (PRGX) Will Announce Earnings of $0.04 Per Share (americanbankingnews.com) Wednesday 8/22 Insider Buying Report: RIGL, PRGX (nasdaq.com)

    PRGX Global stock traded up $0.15 during mid-day trading on Friday, hitting $9.50. 100,780 shares of the company were exchanged, compared to its average volume of 51,706. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.57 and a quick ratio of 1.57. PRGX Global has a 1-year low of $6.45 and a 1-year high of $10.30. The firm has a market capitalization of $223.40 million, a P/E ratio of 45.24, a P/E/G ratio of 19.00 and a beta of 0.73.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on PRGX Global (PRGX)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    PRGX Global Inc (NASDAQ:PRGX) – Stock analysts at Barrington Research cut their Q3 2018 earnings estimates for PRGX Global in a research note issued to investors on Wednesday, September 19th. Barrington Research analyst A. Paris. Jr now anticipates that the business services provider will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.07. Barrington Research has a “Buy” rating and a $13.00 price target on the stock. Barrington Research also issued estimates for PRGX Global’s FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.28 EPS.

Top Blue Chip Stocks To Own For 2019: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.(OMAB)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Corporacion America (NYSE: CAAP) and Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) are both small-cap transportation companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, risk, dividends, analyst recommendations, earnings and valuation.

  • [By Shane Hupp]

    UBS Group assumed coverage on shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) in a research note issued to investors on Monday morning, The Fly reports. The brokerage issued a buy rating on the transportation company’s stock.

  • [By Ethan Ryder]

    Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)’s share price reached a new 52-week high on Friday . The stock traded as high as $57.00 and last traded at $57.09, with a volume of 31203 shares trading hands. The stock had previously closed at $56.19.

  • [By Ethan Ryder]

    Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

  • [By Logan Wallace]

    Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) has earned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.00.

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