A Peek at My Watch List

 | Jun 08, 2013 | 12:00 PM EDT
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Last Saturday I discussed the importance of developing a watch list. Today, I want to offer examples of stocks that I have put on my watch list. In each case, the stock has very strong earnings growth or estimates and an appealing chart. All of these stocks have consolidated gains after big moves recently.

Canadian Solar (CSIQ) is a solar play with a market cap of $386 million. With markets in North America, Europe and Asia, it has won substantial new business recently and is expanding into new markets, such as Brazil. Last month, the company posted earnings that were $0.74 per share ahead of estimates and management provided strong guidance.

Source: TCNet

YY Inc. (YY) is a Chinese social media platform with a market cap of $1.53 billion. It reported strong earnings of $0.23 per share in the first quarter. Analysts expect $0.92 this year and for that to grow 66% to $1.53 next year, and the stock will still have a trailing price-earnings ratio of just 39.

Source: TCNet

Immersion Corp. (IMMR) develops what is known as "Haptics," which creates vibration feedback on touchscreens. The San Jose, Calif., company has a market cap of about $400 million. It recently settled a patent suit, and earnings are expected to grow to $0.64 in 2014 from $0.29 in 2013.

Source: TCNet

New York-based Albany Molecular Research (AMRI) is a contract research organization (CRO), which helps drug companies with the investigative testing needed to gain approval from the Food and Drug Administration. It is looking to double EPS this year to $0.50 and grow it another 20% next year. It has a market cap of $325 million.

Source: TCNet

L&L Energy (LLEN) is a Chinese coal producer with a $145 million market cap. It recently won several large contracts and it has been seeking acquisitions. In its most recent quarter, L&L saw revenue double to nearly $60 million and EPS soar to $0.32, up from $0.05 last year. There is no analyst coverage, but with a trailing PE of just 5, I like its chances for further upside.

Source: TCNet

In a tough market, each of these stocks may struggle; but if we don't have a major meltdown, they all have a good chance of putting together another leg up.

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