More Bang for Your Buck: Stocks in '06
Many people want to ring in the new year with a resolution to strike it rich. But if you really want to grow your assets, the secret is to start investing. In tonight's More Bang for Your Buck, we've compiled the hottest stocks for 2006.
WSVN--This year, we witnessed one the biggest payouts in nasdaq history. Google's stock opened at 85 dollars and quickly skyrocketed to over four hundred dollars.
But if you're looking for the next big payout, Ken Gruneisen - founder of the investment website Canslim.net - says timing is crucial.
Ken Gruneisen: "I think the outlook for '06 is going to be good for some companies."
Ken's first pick is the software company Witness Systems.
Ken Gruneisen: "Each of the last four quarters have had their earnings up 60, 70, 80 percent or more over the year earlier numbers."
Another up and comer - the internet advertising company Value-Click.
Ken thinks this low cost stock is a steal in cyberspace.
Ken Gruneisen: "Value-Click at this point is still an attractive looking stock, I am really surprised it hasn't gone up more dramatically."
Also likely to move higher - Health Extras.
With babyboomers inching closer to retirement, this pharmacy benefit company recently landed a big contract to help manage medicare in Mississippi.
Ken Gruneisen: "This company is in the right place at the right time in a lot of ways."
As for another company with excellent timing - Syneron Medical. It produces high-tech lasers to wipe away wrinkles and acne scars.
Ken Gruneisen: "People are more fixated on looking good and cosmetic applications of laser technology seems like it may be the thing of the future."
People are also fixated on gas and oil prices.
But if you can't beat 'em, join 'em.
Consider investing in drilling equipment manufacter CE Franklin.
Ken Gruneisen: "Many stocks in the oil and gas group have done very well."
And finally another company doing very well is the Gold Corporation.
With the price of gold hitting an 18 year high, it is attracting many mutual fund managers.
Ken Gruneisen: "When you are doubling and tripling your earnings results, it usually results in the share price reacting flavorablly."
Tom Haynes: "Ken suggests: always keeping a close eye on your stocks.If you notice a drop of 10 percent, consider selling to limit your damage."
FOR MORE INFORMATION:
www.wsvn.com
Ken Gruneisen
kennyg@canslim.net
www.canslim.net
800 965-8307
954 785-1121
Witness Systems
www.witness.com
Health Extras
www.healthextras.com
Value-Click
www.valueclick.com
Syneron Medical
www.syneron.com
Gold Corporation
www.goldcorp.com
CE Franklin
www.cefranklin.com
