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

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.