I went out on a limb last week, and now it's time to see how that played out.
Two out of three? I can do better than that.
Let me once again whip out my trusty, dusty, and occasionally accurate crystal ball to make three calls that may play out over the next few trading days.
1. Ferrellgas Partners will shoot higher on the week Ferrellgas Partners, L.P. (NYSE:FGP) has been a gas for investors. The limited partnership is one of the country's largest propane distributors, and the high-yielding units have been big winners as investors tiring of low payouts on traditional fixed-income vehicles take on risk to chase higher payouts.
Ferrellgas reports on Thursday. Analysts see a big pop in profitability despite a drop in revenue. The company announced its regular quarterly distribution of $0.50 a unit on Tuesday, so that should soothe investors. It should be a mixed report, but one that will remind investors of the high-yielding opportunity here.
My first call is for Ferrellgas Partners, L.P. (NYSE:FGP) to close the week higher.
2. The Nasdaq Composite will beat the Dow this week Tech has been a big winner in recent years, so betting on tech over stodgy blue chips has been a good bet for me more often than not.
I'm going to stick with this pick. Most of the names in the composite are just too cheap at this point, and the results this earnings season weren't as bad as some worrywarts had feared. The market is ripe for the tech-stacked secondary stocks to continue to outpace the 30 megacaps that make up the Dow Jones Industrial Average.