Top 5 Penny Stocks To Watch Right Now

There will soon be a new moniker on the CEO nameplate at Harte-Hanks (NYSE: HHS  ) . The company has picked Robert Philpott to replace outgoing Chief Executive Larry Franklin, who will retire on June 30. Philpott, who was selected following a global search led by a board of directors committee, will also assume Franklin’s role as president of the company.

According to an SEC filing the company made simultaneous to the announcement, Philpott is to be paid a base annual salary of $700,000. He will also be eligible for a series of incentive-based bonuses.

Before his accession, Philpott served on the board of U.K.-based media and marketing concern Aegis Group. Before that, he was CEO of international market research company Synovate.

Franklin, the man he replaces, has worked at Harte-Hanks since 1971. He initially served as CEO from 1991 to 2002 and was again appointed to the position in 2009. In addition to his president and CEO titles, Franklin is also the company’s current board chairman; upon his retirement he will be replaced in that capacity by fellow board member Christopher Harte.

Top 5 Penny Stocks To Watch Right Now: First Security Group Inc.(FSGI)

First Security Group, Inc. operates as the holding company for FSGBank that provides banking and financial products and services to various communities in eastern and middle Tennessee and northern Georgia. The company offers various deposit services, such as checking, savings, and money market accounts, as well as certificates of deposit. It offers commercial loans, including loans to smaller business ventures, credit lines for working capital, short-term seasonal or inventory financing, and letters of credit; real estate?construction and development loans to residential and commercial contractors and developers; and consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans. The company also offers commercial mortgage loans to finance the purchase of real property; commercial leasing for new and used equipment, fixtures, and furnishings to owner-managed businesses; and leasing for forklifts, heavy equipment, and other machinery to owner-managed businesses primarily in the trucking and construction industries. It also provides trust and investment management, mortgage banking, financial planning, and electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, wire transfers, direct deposit, traveler?s checks, safe deposit boxes, United States savings bonds, and remote deposit capture, as well as equipment leasing. The company operates 38 full-service banking offices and 1 loan and lease production office. Its market areas include in Bradley, Hamilton, Jackson, Jefferson, Knox, Loudon, McMinn, Monroe, Putnam, and Union counties, Tennessee; and Catoosa and Whitfield counties, Georgia. First Security Group was founded in 1974 and is headquartered in Chattanooga, Tennessee.

Advisors’ Opinion:

  • [By Ning Jia]

    The case for First Security Group (FSGI) is interesting. It is bank holding company that is obscure, cheap and unloved. As the company completed the recapitalization earlier this year, I think the market has been under-appreciating its potential to return to growth and profitability as a result of the much-needed recapitalization.

  • [By Roberto Pedone]

    First Security Group (FSGI) operates as the holding company for FSGBank, which provides banking products and services to various communities in Tennessee and Georgia. This stock closed up 6.5% to $2.29 in Tuesday’s trading session.

    Tuesday’s Range: $2.16-$2.30

    52-Week Range: $1.30-$7.45

    Tuesday’s Volume: 80,000

    Three-Month Average Volume: 509,606

    From a technical perspective, FSGI ripped higher here right above some near-term support levels at $2.14 to $2.12 with lighter-than-average volume. This move is quickly pushing shares of FSGI within range of triggering a major breakout trade. That trade will hit if FSGI manages to take out some near-term overhead resistance levels at $2.38 to $2.52 and then once it clears its 200-day moving average at $2.80 with high volume.

    Traders should now look for long-biased trades in FSGI as long as it’s trending above some key support levels at $2.14 to $2.12 and then once it sustains a move or close above those breakout levels with volume that hits near or above 509,606 shares. If that breakout triggers soon, then FSGI will set up to re-fill some of its previous gap down zone from June that started at $5.08.

Top 5 Penny Stocks To Watch Right Now: Bristow Group Inc (BRS)

Bristow Group Inc., together with its subsidiaries, provides helicopter services to the offshore energy industry primarily in Europe, West Africa, North America, Australia, and internationally. Its helicopters are used principally to transport personnel between onshore bases and offshore platforms, drilling rigs, and installations, as well as to transport time-sensitive equipment to offshore locations. The company also offers helicopter flight training services to commercial pilots and flight instructors through its Bristow Academy with facilities in Titusville, Florida; Concord, California; New Iberia, Louisiana and Gloucestershire, England. In addition, it provides military training; and helicopter repair, engineering support, aircraft leasing, airport management, and search and rescue services. Bristow Group provides its helicopter services to integrated, national, and independent oil and gas companies. As of March 31, 2011, it operated a fleet of 569 aircraft. The comp any was founded in 1969 and is based in Houston, Texas.

Advisors’ Opinion:

  • [By J. Royden Ward]

    Based in Houston and founded in 1969, Bristow Group (BRS) has major transportation operations in the US Gulf of Mexico and the North Sea.

    Bristow also operates in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia, and Trinidad.

  • [By GURUFOCUS]

    First comes Bristow Group Inc. (BRS), which provides helicopter services to offshore energy rigs, and is a holding in our traditional mid-cap, small-to-mid cap, and small-cap portfolios. Although energy exploration and production can clearly fluctuate, Bristow offsets those shifts through long-term contracts lasting roughly three to five years. Furthermore, Bristow receives “monthly standing charges”—meaning it gets paid whether its helicopters fly or not—amounting to 70% of its operating income.

  • [By Laura Brodbeck]

    Thursday

    Earnings Expected From: Priceline.com Incorporated (NASDAQ: PCLN), Ubiquiti Networks, Inc. (NASDAQ: UBNT), Bristow Group Inc. (NYSE: BRS), Groupon, Inc. (NASDAQ: GRPN), Scotts Miracle Gro Company (NYSE: SMG) Economic Releases Expected: US GDP, US Consumer Credit

    Friday

Top 5 Penny Stocks To Watch Right Now: New York Mortgage Trust Inc.(NYMT)

New York Mortgage Trust, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets. It primarily invests in agency residential adjustable-rate, hybrid adjustable-rate, and fixed-rate mortgage-backed securities (RMBS); non-Agency RMBS; prime adjustable-rate residential mortgage loans held in securitization trusts; commercial mortgage-backed securities; commercial mortgage loans; and other commercial real estate-related debt investments. The company has elected to be taxed as a REIT and will not be subject to federal income tax if it distributes at least 90% of its REIT taxable income to its stockholders. New York Mortgage Trust, Inc. was founded in 1989 and is headquartered in New York, New York.

Advisors’ Opinion:

  • [By Eric Volkman]

    Investors are being rewarded for putting their trust in New York Mortgage Trust (NASDAQ: NYMT  ) . The REIT has declared a common stock dividend for its current quarter of $0.27 per share, to be paid on July 25 to shareholders of record as of June 28. That amount matches each of the company’s preceding four distributions, the most recent of which was doled out at the end of April. Before that, it paid $0.25 per share.

  • [By Amanda Alix]

    More mREITs stay the course, but two trim payouts
    Despite suffering many tumbles and bruises, several mREITs have announced that their dividends will be unchanged from the previous quarter. Several did so last week, and yesterday saw Hatteras Financial (NYSE: HTS  ) , an agency-only trust, keeping its own $0.70 per share payout the same. Hybrid New York Mortgage Trust (NASDAQ: NYMT  ) also kept its dividend stable, at $0.27 per share, in line with its four most recent distributions.

Top 5 Penny Stocks To Watch Right Now: Chimera Investment Corporation (CIM)

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and other asset classes. Its targeted asset classes include agency or non-agency RMBS; prime, jumbo prime, and Alt-A mortgage loans; first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, or industrial properties; and asset-based securities (ABS), including commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, and consumer and non-consumer ABS. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Inve stment Corporation was founded in 2007 and is based in New York, New York.

Advisors’ Opinion:

  • [By John Maxfield]

    “Nepotism has never been unknown in American banking,” Martin Mayer wrote in The Greatest-Ever Bank Robbery, his 1990 book about the savings-and-loan crisis. While Mayer was referring to American Continental, the notoriously corrupt holding company run into the ground by the infamous Charles Keating in the 1980s, his point rings true today in the case of Annaly Capital Management (NYSE: NLY  ) and its publicly traded portfolio company Chimera Investment (NYSE: CIM  ) .

  • [By Dan Caplinger]

    Because of the requirement to pay out the vast majority of their income, REITs often have extremely high dividend payouts. Mortgage REITs ARMOUR Residential (NYSE: ARR  ) and Chimera Investment (NYSE: CIM  ) use leveraged strategies to produce yields well in excess of 10%, while Omega Healthcare (NYSE: OHI  ) and Senior Housing Properties Trust (NYSE: SNH  ) , which specialize in long-term care facilities and other properties catering to older residents, both have yields between 5% and 6%.

Top 5 Penny Stocks To Watch Right Now: Westinghouse Solar Inc.(WEST)

Westinghouse Solar, Inc. engages in the design, manufacture, integration, and installation of solar power systems under the Westinghouse name. It offers its solar power systems for residential and commercial customers. The company also designs and distributes solar panels with integrated micro inverters (called as AC solar panels). The company sells its AC solar panels to solar installers, trade workers, and do-it-yourself customers through distribution partnerships, dealer network, and retail outlets. It has a strategic partnership with Real Goods Solar, whereby Real Goods Solar operates as an authorized dealer for westinghouse solar power systems for sale to its customers in California and Colorado markets. The company was formerly known as Akeena Solar, Inc. and changed its name to Westinghouse Solar, Inc. on Apr 14, 2011. Westinghouse Solar, Inc. was founded in 2001 and is headquartered in Campbell, California.

Advisors’ Opinion:

  • [By John Udovich]

    Small cap solar stock Andalay Solar Inc (OTCMKTS: WEST) has largely cratered for investors verses solar stock peers Real Goods Solar, Inc (NASDAQ: RSOL) and SolarCity Corp (NASDAQ: SCTY), but is the company finally turning itself around after a failed deal to be acquired?

  • [By Bryan Murphy]

    My enthusiasm regarding Real Goods Solar, Inc. (NASDAQ:RSOL) and Westinghouse Solar Inc. (OTCMKTS:WEST) hasn’t exactly been a veiled secret. Though I’ve favored one over the other at various times since the entire solar panel industry went back into high gear in the middle of the second quarter, I’ve been a fan of both RSOL as well as WEST for a while. The trick has been finding the right entry spot for both of these volatile stocks.

  • [By Bryan Murphy]

    It’s fun to be right, but that doesn’t always mean it’s fruitful. I was right about Westinghouse Solar Inc. (OTCMKTS:WEST) being a breakout candidate when I explained the chart’s most likely technical outcome. Though it took a little more than a week for WEST to actually perform as expected, it got there. Problem: It got there in spades, solving one problem but creating another. Though I’m still bullish on this solar play, we need a new roadmap.