Rising Star Stock - Monday January 12th
In this new feature the traders reveal their favorite rising star stock. Find out which small cap name could offer big returns!
Our first rising star is CommScope.
According to the company’s website CommScope, is a world leader in infrastructure solutions for communication networks. It is also a manufacturer of coaxial cable for broadband cable television networks and more.
Here are some more particulars.
-Based in Hickory, NC
-Industry: Comm Equipment
-Market Cap: 1.12 Billion
-52-Week High: $56.50
-52-Week Low: $7.35
-Down 63% over the last year
Why is this firm a rising star stock?
“This stock has been absolutely annihilated,” says Karen Finerman. “Valuations are currently lower than they’ve been in many, many moons. Also they’ve been able to restructure debt so they have a lot of liquidity. On top of that, they have some interesting holders and they have insider buying."
Maybe put it on your radar.
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Trader disclosure: On Jan. 12th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (TM), (WMT), (MGM), (MCD), (SDS); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Najarian Owns (MS); Najarian Owns (EEM) Long Call Spread; Najarian Owns (ERTS) Long Call Spread; Najarian Owns (DNA) Calls; Najarian Owns (XME) Calls; Najarian Owns (NVLS) Calls; Najarian Own (NVDA) Calls; Najarian Owns (MS) Short Calls; Najarian Owns (VZ) Put Spread; Finerman's Firm Owns (MSFT), (DNA); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (ANF), (DSX), (BBT), (COF), (EGR)
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