Top Cheap Stocks To Buy Right Now

Noble Corp. (NE) has long been one of the most beaten-down drilling stocks, if we exclude shares of the companies that are undergoing restructuring. Inevitably, the topic “Is Noble Corp. cheap enough?” has been a frequent guest in the comments sections of offshore drilling related articles. This time, Noble Corp. shares have firmly settled below $4 after trading as low as $3.36 a couple of days ago, and the above-mentioned question is definitely worth discussing.

There are two ways of looking at the word “cheap.” A company might be worth less than it should be given the fundamental situation (obvious value), or the company might not be valued high enough given the future perspectives. The first situation leads to an obvious margin of safety assuming that the stock market will see the company’s strengths in due time. The second one is a bet on the future, which brings the risks associated with such bets. In this article, I want to discuss whether Noble Corp. stock is cheap given the information we know now. This is a discussion of whether the market is too hard on Noble Corp. stock based on present conditions.

Top Cheap Stocks To Buy Right Now: China HGS Real Estate, Inc.(HGSH)

Advisors’ Opinion:

  • [By Money Morning Staff Reports]

    But before we show you our pick, here are the top 10 penny stocks to watch this week…

    Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5)
    My Size Inc. (Nasdaq: MYSZ) $1.66 152.28%
    Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52%
    DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02%
    CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71%
    China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58%
    Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12%
    Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01%
    Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5%
    Cenveo Inc. (Nasdaq: CVO) $1.20 31.82%
    EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%

    FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, it’s completely free…

Top Cheap Stocks To Buy Right Now: Meritage Corporation(MTH)

Advisors’ Opinion:

  • [By JJ Kinahan]

    Next week is big for housing numbers. March existing home sales figures are scheduled for  Monday and new home sales for March along with the February S&P Case-Shiller Home Price Index on Tuesday. As for homebuilders, Pulte Group, Inc. (NYSE: PHM) is scheduled to report  Q1 results Tuesday, and D.R. Horton Inc (NYSE: DHI) is scheduled to report fiscal Q2 numbers on Thursday. The industry already has seen strong Q1 results from Lennar Corporation (NYSE: LEN), and housing starts and building permits in March rose more than expected. These results, as well as those and the economic data from next week could provide clues for the industry going forward. After NVR, Inc. (NYSE: NVR) reports results this morning, Meritage Homes Corp. (NYSE: MTH) releases its Q1 results April 25. We’ll have to wait until next month for some of the other homebuilders, as well as from home improvement companies Home Depot, Inc. (NYSE: HD) and Lowe’s Companies Inc (NYSE: LOW), before we get a more complete snapshot of the housing market.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Meritage Homes (MTH)

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

  • [By Jason Hall]

    Hall:Right, yeah. And, a lot of these areas, there’s actually an interesting thing. One of the companies we’re going to talk about, Meritage Homes (NYSE:MTH), on their latest earnings call and in their latest release, it’s not just first-time buyers,it’s not just millennials. That’s a huge secular trend, millennials moving into the home-buying market. It’s the largestsegment of the population. They’re going to be driving housing salesfor the next 20 years, potentially. But Meritage Homes also said that they’re seeing a lot of demand in their entry-level communities from retiring baby boomers who are downsizing. So,it’s creating dual demand from two opposite ends of the age demographic.

  • [By Jason Hall]

    WhenMeritage Homes Corp.(NYSE:MTH) Chairman and CEO Steve Hilton said the company was going to change its strategy and focus on lower-cost starter homes a few years ago, many industry followers probably thought it was a mistake. At the time — and to some extent this has continued — the most successful homebuilders were focusing upmarket on more high-end communities.

Top Cheap Stocks To Buy Right Now: La-Z-Boy Incorporated(LZB)

Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on La-Z-Boy (LZB)

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