Stocks Under $10 Portfolio: An Energy Play, a Rate Hike and Rebounding Markets

 | Mar 19, 2017 | 10:00 AM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:




The following is an excerpt from the Stocks Under $10 Weekly Roundup originally sent to Stocks Under $10 subscribers on Mar. 17. Click here to learn more about this dynamic portfolio managed by David Peltier.

U.S. stocks rebounded fractionally this week, as we experienced the type of trading volatility that would be expected around a FOMC interest rate hike and "triple-witching" options expiration. In the model portfolio, we bought 400 shares of Abraxas Petroleum (AXAS) on Wednesday, at a level that was 10% lower than where the stock closed on Friday. 

Abraxas officially closed out earnings season in the model portfolio, which serves as our quarterly scorecard for the portfolio. On that front, we're largely pleased with the results, as the portfolio is up about 6% year-to-date and running a full 350 basis points ahead of the benchmark Russell 2000.

We've managed these gains while maintaining an above-average 41% cash position in the model portfolio. We continue to scour the universe of low-dollar stocks for areas to put these funds to work. In addition to our Bullpen names, social networking play, MeetMe (MEET) is a stock that crossed our radar screen this week -- and we plan to do more research on it in the coming weeks.  


Columnist Conversations

In GS I see key price support at the 224.49-226.42 area.  I also have timing for a possible low.  I ...
Tesla (TSLA) has tested our long-term bounce zone @ 283.90-258.95 a few times. These have been BUYING opportun...
We have a big winner here, let's roll it up to a higher strike   SOLD SRPT NOV 140 CALL AT 26 (in ...
We still like this name and want to give it more time. SOLD AAPL OCT 220 CALL AT 6.9 (in at 10) BOUGHT A...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.