Yesterday, in Top Equity News’ Sector Selector report, we promised to take a look through some of the bullish sectors to find a stock that is worthy of consideration on a technical and fundamental basis.
TEN’s goal is to marry the two main schools of stock selection, buy a reasonably priced company that’s showing sign it is ready to move right now. We specifically focused on the Emerging Buy list sectors:
Food Retail and Wholesale
- Industrial Transports
- Electronic Office Equipment
- Platinum and Metals
- Railroad
- Mobile Telecom
First we screened the 240 qualifying companies to determine which are on the move at the moment and likely to go higher. Top Equity spotted nine companies that are to our liking.
After the technical review, we compared some of our favorite, fundamental measuring sticks to pick the best value in our view.
Top Equity News selects Core-Mark Holding Company, Inc. (CORE) for your consideration. From its stocks chart standpoint, the Food Retail and Wholesale company’s stock price has been bouncing between $42 and $44. If the grocer can get on top of $44, then CORE would be flirting with all-time highs. One thing about buying new highs, they tend to be followed by newer, higher highs.
With powerful volume and accumulation traits, TEN believes it won’t be too long before double 4s are in the review mirror and CORE is challenging $50.
That’s the chart side of Core-Mark’s story. On the fundamental side, Wall Street expects the food chain to post earnings growth of nearly 30% this year and 20% in 2013. Meanwhile, the current P/E is 17.42 and the forward P/E is 10.23, both represent significant discounts to the company’s profit growth rate.
Additionally, we like the fact that CORE trades for only 8 cents for every dollar they do in sales, that’s dirt cheap. It’s especially cheap when you consider Core-Mark’s average competitor trades more the five times higher than CORE with a price-to-sales ratio of .42.
Top Equity News feels Core-Mark Holding Company, Inc. (CORE) could easily trade at 15 times 2013’s earning’s projections of $4.27. So, TEN’s 12 to 18 month price target is $64, a potential capital gain of $46.57%. Toss in a dividend yield of 1.6% and the total return could approach 50%.
Core-Mark Holding Company, Inc. (CORE) a Core Holding with Major Upside is an article from: 
