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Best Insurance Stocks To Own Right Now

In theory, investors shouldn’t care about the price of a company’s stock. What matters more than anything is the market cap. It’s an error to think a stock is cheap simply because its share price is in the low single digits. And investors should use extra caution when searching through low-priced stocks. Oftentimes, stocks that have fallen to trading for just a couple bucks end up going all the way to zero.

That said, some of the market’s biggest winners also come out of the sub-$5 stock category. Whether the company has a low share price due to falling from glory or just not being discovered yet, these low-priced players can sometimes rocket to crazy heights.

So, with the disclaimer that these sorts of companies tend to be of the high-risk, high-reward variety, let’s take a look at three cheap stocks under $3 that could fly in coming quarters.

Best Insurance Stocks To Own Right Now: Trina Solar Limited(TSL)

Energo (CURRENCY:TSL) traded up 5.3% against the U.S. dollar during the 24-hour period ending at 18:00 PM ET on June 29th. One Energo token can currently be bought for approximately $0.0146 or 0.00000235 BTC on popular cryptocurrency exchanges including Gate.io, Coinrail, Coinnest and CoinEgg. Energo has a market capitalization of $9.93 million and $823,323.00 worth of Energo was traded on exchanges in the last 24 hours. Over the last week, Energo has traded 11.7% lower against the U.S. dollar.

Energo can be bought or sold on the following cryptocurrency exchanges: Coinnest, CoinEgg, Gate.io and Coinrail. It is usually not possible to buy alternative cryptocurrencies such as Energo directly using U.S. dollars. Investors seeking to acquire Energo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Energo using one of the exchanges listed above.

Best Insurance Stocks To Own Right Now: ENERGY TRANSFER PARTNERS(ETP)

 If high yields are indicators of high risk, then Energy Transfer Partners’ 12.4% yield ought to be an indicator of astronomical risk! But for this energy infrastructure MLP, the risk appears substantially lower than it did a few months ago, which may make this the time to buy in before the market catches on.

Energy Transfer Partners, which operates more than 71,000 miles of pipelines across the U.S. — including the controversial Dakota Access Pipeline — has a well-established yield and a history of increasing it regularly. In fact, the company has never cut its quarterly distribution, increasing it instead almost every quarter since the company went public in 2002. That’s one heck of a record of commitment to increasing value for unitholders.

Oil pipeline with refinery in the distance.

IMAGE SOURCE: GETTY IMAGES.

The market, though, has been concerned about the partnership’s balance sheet, which is is awash in debt, and its distribution coverage, which was very thin for much of last year. However, in its most recent Q4 2017 earnings report, the company posted a distribution coverage ratio of 1.3 times, which is a very comfortable margin.

The company also has taken some concrete steps to pay down more expensive debt through asset sales and take on less expensive debt in return, which has cleaned up its balance sheet somewhat — so the risks seem much more remote. Even if the worst happened and the company’s yield were, say, halved, Energy Transfer Partners would still yield more than many of its peers.

Investors should be aware that there are some additional tax reporting requirements for MLP unitholders, which can make them a poor choice for some portfolios. But if that doesn’t bother you, you’d be hard-pressed to find this high a yield for this moderate a risk.

Best Insurance Stocks To Own Right Now: DAQO New Energy Corp.(DQ)

People’s Republic of China-based Daqo New Energy Corp (NYSE:DQ) manufactures and sells polysilicon and wafers in the People’s Republic of China. This Zacks Rank #1 company has a 3-5 years EPS growth rate of 7% and a Value Score of A.

Top 10 Clean Energy Stocks For 2019

The U.S. stock market still remains under the looming shadow of market volatility which commenced in February. Notably, President Trump’s tariff policies raised fears of a global trade war and spurred inflationary concerns and geopolitical conflicts, resulting in stock market volatility. Further, Trump’s decision to terminate Iran nuclear deal only accentuated the issue.

Markets remain highly unstable with rapid ascent being witnessed in one week, followed by a sharp decline the very next week. Investors remain skeptical about the imposition of tariffs despite the fact that fundamentals of the U.S. economy remain robust.

At this juncture, emerging market stocks with strong growth potential may become a new avenue for investors to cushion their portfolio. Strong global growth, low valuation of emerging market assets and structural reforms taken by various governments has transformed emerging market stocks into attractive bets.

Top 10 Clean Energy Stocks For 2019: Tiffany & Co.(TIF)

Luxury goods company Tiffany & Co. (NYSE:TIF), like many other retail stocks, is struggling to find any positive momentum whatsoever in 2018. The stock is off more than 9% through the first few months of the year – far worse than the broader market’s 1.9% declines.

That said, it’s not all thorns for Tiffany.

Just a few months ago, the company reported a solid holiday-season quarter that included a 5% jump in comparable-store sales and an 8% improvement in the top line, largely bolstered by impressive performances from the Asia-Pacific region and Europe. That led Tiffany to upgrade its own outlook for the fiscal year’s profits.

Sometime near the end of May, shareholders should be on the receiving end of another dividend hike. Tiffany has upgraded its payout by nearly 50% over the past five years, and is likely to tack on an additional bump during the last week of the month.

Top 10 Clean Energy Stocks For 2019: Alphabet Inc.(GOOGL)

As a stock that costs well over $1,000, Alphabet Inc.(NASDAQ:GOOGL) is never going to be a bargain buy. But still, shares are looking undeniably “cheap” right now. Prices are down by 5% over the last month, and 7.5% over the last three months.

This pullback comes even though GOOGL remains one of the strongest and most consistent stories out there. Just look at its 32 consecutive quarters of 20% revenue growth and 25%-plus operating margins. These are the kind of figures other companies can only dream about.

Indeed, five-star Monness analyst Brian White has just reiterated his “buy” rating and $1,280 price target. Alphabet is already the No. 1 search engine and mobile operating system in the world, says White, but it is still furiously innovating with a never-ending list of new products (see Waymo’s latest announcement).

With an eye on the attractive growth opportunities ahead, White says: “With the company’s dominant position in search, the company has garnered the top position in the global online advertising market and we believe the stock is an attractive value at current levels.”

We can see from TipRanks that GOOGL — a “strong buy” stock — has received 23 buy ratings vs three hold ratings in the last three months. This is with a $1,302 average analyst price target (25% upside potential).

Top 10 Clean Energy Stocks For 2019: Grafton Group plc Grafton Units(GROUF)

Grafton Group plc (OTCMKTS:GROUF) is a provider of merchanting, retailing, and mortar manufacturing services.

The company is based out of Dublin and carries a Zacks Rank #2. The expected earnings growth rate for the current year is 8.90%. The Zacks Consensus Estimate for the current year has improved 1.3% over the past 60 days. Grafton has gained 55.8% in the past six months.

Top 10 Clean Energy Stocks For 2019: ENERGY TRANSFER PARTNERS(ETP)

Energy Transfer Partners is a bit further along in its turnaround process, as earnings already turned the corner in the second quarter of 2017. The company’s financial results and balance sheet have continued improving since then. However, the pipeline giant still has work to do.

For starters, the company ended last year with a debt-to-EBITDA ratio of 4.3, which, while an improvement from 5.5 at the beginning of the year, was still higher than its target of 4. Energy Transfer has taken several actions to push that number lower this year, including selling assets. However, the company faces a tough balancing act since it’s trying to fund a $10 billion expansion program at the same time it’s distributing all its cash flow to investors and working to whittle down debt.

So far, the company has managed to walk that tightrope and maintain what’s now a 12.5%-yielding distribution even as it spends billions to expand. As those projects come on line, they’ll provide some incremental cash flow that will help reduce the leverage ratio and improve distribution coverage. While that doesn’t guarantee that the company will maintain its sky-high distribution — because it has some other issues to address — the odds are increasing with each passing day.