Many investors, especially more aggressive traders, look at lower-priced stocks as a way to not only make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.
We screened our 24/7 Wall St. research database and found five stocks trading under the $15 level that could provide investors with some solid upside potential. This week we screened for companies that were once considered among the blue chip leaders in their respective sectors but have fallen on some tough times. For those that are skeptical, just remember once Apple had fallen to $1, and as late as 2005 was still under $10.
This was the first smartphone-type company that was buried when Apple released the iPhone. Blackberry Ltd. (NYSE: BB) continues transitioning from a mobile hardware provider to a mobile-focused security software and services company. Its portfolio of products includes BlackBerry Secure Unified Endpoint Management, crisis communication, corporate asset tracking, cybersecurity services and other secure collaboration software and communication technologies.
The company also licenses its brand/IP for mobile devices and its QNX business provides leading embedded software systems. BlackBerry recently named Bryan Palma as president and chief operating officer. Palma was most recently Cisco’s senior vice president and general manager of customer experience for the Americas. Before joining Cisco, he was the vice president of cyber and security solutions at Boeing.
Macquarie has a Buy rating and a huge $12.50 price objective. That compares with the Wall Street consensus target of $10.31. The shares traded on Friday’s close at $8.11 apiece.
Shares of this well-known old-school gaming company offer solid upside. Caesars Entertainment Corp. (NASDAQ: CZR) provides casino-entertainment and hospitality services. Its segments include Caesars Entertainment Resort Properties, Caesars Growth Partners, and Other. The company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
Caesars facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. Caesars Entertainment is one of the largest gaming companies in the world and currently owns or operates 49 casino properties in 13 U.S. states and in four other countries.
Activist investor Carl Icahn is said to be building a massive position in the company, which could be very positive for investors.
Oppenheimer has a Buy rating, and its price target for the shares is $15. The consensus target was last seen at $11.67, and the stock traded at $9.26 per share on Friday’s close.