After the impressive performance of Bank of America's (NYSE: BAC ) stock last year -- it was the top-performing component of the Dow Jones Industrial Average (DJINDICES: ^DJI ) -- it'd be tempting to conclude that the nation's second-largest lender didn't have much juice left in the proverbial tank. But according to a number of high-profile analysts, that simply isn't the case.
Roughly halfway through today's trading session, shares of Bank of America are higher by nearly 1.5%. This comes, moreover, on the heels of an impressive performance yesterday, when its shares were up by 1.3%.
There's no question that a growing number of analysts are becoming bullish on Bank of America stock. In the middle of last month, Meredith Whitney -- who famously foretold Citigroup's fall five years ago -- reiterated her view that Bank of America was one of the most undervalued bank stocks in the market. "Very rarely do these big banks have both value catalysts and momentum," Whitney noted. "Bank of America had all of that."
Top 5 Performing Stocks To Invest In 2014: Transition Therapeutics Inc.(TTHI)
Transition Therapeutics Inc., a biopharmaceutical company, develops novel therapeutics for various disease indications primarily in Canada. Its lead products include ELND005 (AZD-103), a Phase II clinical trial product for the treatment of Alzheimer?s disease; TT-301 and TT-302, which are Phase I clinical trial products, for the treatment of rheumatoid arthritis, Alzheimer?s disease, traumatic brain injury, and intracerebral hemorrhage; and TT401/402, a preclinical stage product to treat diabetes. The company also has an emerging pipeline of preclinical and clinical drug candidates for the treatment of anti-inflammatory and metabolic indications. It has strategic collaborations with Elan Pharma International Limited to develop and commercialize ELND005 (AZD-103); and a licensing and collaboration agreement with Eli Lilly and Company to develop and commercialize gastrin based therapies, and the preclinical compound TT401/402. The company was formerly known as Transition T herapeutics and Diagnostics Inc. and changed its name to Transition Therapeutics Inc. on December 2000. Transition Therapeutics Inc. was founded in 1987 and is headquartered in Toronto, Canada.
Advisors' Opinion:- [By Fitz Gerald]
Biomedical stocks are some of the best performers in the sector, and this is true of Transition Therapeutics. This stock recently saw a net profit margin of more than thirty five percent, and the company is a quality choice.
Top 5 Performing Stocks To Invest In 2014: Patni Computer Systems Limited(PTI)
Patni Computer Systems Limited, an information technology (IT) services company, provides a range of IT services through integrated onsite and offshore delivery locations. Its services include IT strategies development, system consulting and design, application development, application maintenance and support, packaged software implementation, quality assurance, infrastructure management, business process outsourcing, IT outsourcing, and OSS and BSS systems deployment services. The company offers IT services primarily to customers in insurance, manufacturing, retail, distribution, financial services, communications, media, and utilities industries. It also offers product engineering services, including engineering design and modeling, electronic design, embedded software development, and product lifecycle management for legacy products, as well as testing and migration services for new technologies to clients in electronics, automotive, medical electronics, industrial auto mation, office automation, handheld/mobile device manufacturing, and semiconductor manufacturing industries. The company operates in North America, Europe, India, and Japan, as well as in the rest of the Asia-Pacific region. Patni Computer Systems Limited was incorporated in 1978 and is headquartered in Mumbai, India.
Advisors' Opinion:- [By Kennedy]
Patni Computer Systems Ltd, based in Mumbai, is one of the leading global providers of Information Technology services and business solutions. More than15000 professionals from Patni Computers service clients across diverse industries, from 28 international offices across the Americas, Europe and Asia-Pacific, and 20 Global Delivery Centers in strategic locations across the world.
Revenues for the quarter ended 31st March 10 stood at US$ 172.3 million (Rs.7,745.4 million). The operating Income for the quarter at US$ 36.2 million (Rs.1,627.0 million) and this is up by 8.7% when compared quarter to quarter.
Top 10 Casino Companies To Invest In Right Now: Copano Energy L.L.C.(CPNO)
Copano Energy, L.L.C. provides midstream services to natural gas producers in the United States. The company?s services include natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, and fractionation. It owns and operates natural gas gathering and intrastate transportation pipeline assets; natural gas processing and fractionation facilities; and natural gas liquid (NGL) pipelines in Texas, Oklahoma, Wyoming, and Louisiana. The company operates approximately 6,800 miles of natural gas gathering and transmission pipelines; and 10 natural gas processing plants with approximately 1 billion cubic feet per day of combined processing capacity. It also operates 380 miles of NGL pipelines. The company serves third-party pipelines, distribution companies, power generation facilities, and industrial customers. Copano Energy, L.L.C. was founded in 2001 and is based in Houston, Texas.
Top 5 Performing Stocks To Invest In 2014: Poh Tiong Choon Logistics Ltd (P01.SI)
Poh Tiong Choon Logistics Limited, together with its subsidiaries, provides logistics services in Singapore. It offers transportation services for high value, sensitive, and chemical cargoes in conventional, container, bulk, bulk liquid container, and heavy haulage forms through a fleet of refrigerated trucks, tipper trucks, cement tankers, and lorries; and bulk cargo handling and stevedoring services, including loading onto and discharging from vessels various types of cargoes, such as sugar, bulk cement, silica sand, salt, fertilizer, and chemical raw materials. The company also provides warehousing, drumming, and related services consisting of drum filling of chemical products, open and covered warehouse storage, cold room storage, inventory management, and local and international freight management, as well as the storage and distribution of loaded containers; engages in the trade of diesel; and rents industrial property. In addition, it is involved in leasing investme nt properties, as well as in equipment rental business. Further, Poh Tiong Choon Logistics Limited offers terminal management services. The company, formerly known as Poh Tiong Choon Contractors(Pte) Ltd, was founded in 1950 and is based in Singapore.
Top 5 Performing Stocks To Invest In 2014: Ltd (SPP.V)
Spot Coffee (Canada) Ltd. designs, develops, and operates community oriented cafes in Canada and the United States. As of November 29, 2012, it operated nine cafes. The company was founded in 2004 and is headquartered in Toronto, Canada.
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