3 Predictions for This Week: Ferrellgas Partners, L.P. (FGP), Main Street Capital Corporation (MAIN)

Page 1 of 2

I went out on a limb last week, and now it’s time to see how that played out.

  • I predicted that Sturm, Ruger & Company (NYSE:RGR) would move higher on the week. The firearm maker was reporting on Wednesday, and demand for weaponry amidst the gun-control debate has been explosive. How’d things go? Shares of Sturm, Ruger climbed nearly 5% higher on the week. I was right.
  • I predicted that the tech-heavy Nasdaq would outperform the Dow Jones Industrial Average. This has been a tricky call lately, so how did it play out this time? It was a tense week for the major exchanges, though they ultimately squeezed out modest gains. The Nasdaq closed 0.3% higher. The Dow, on the other hand, managed to clock in with a gain of 0.6% on the week. I was wrong.
  • My final call was for Priceline.com Inc (NASDAQ:PCLN) to beat Wall Street’s quarterly profit target. The fast-growing online travel portal has been growing quickly, blowing through Wall Street’s bottom-line forecasts with ease over the past year. Analysts were looking for a profit of $6.54 a share during the seasonally sleepy holiday quarter, and the dot-com speedster came through with net income of $6.77. I was right.

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.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!