In this new feature the traders reveal their favorite rising star stock. Find out which small cap healthcare name could offer big returns!
This week’s rising star is Immucor
According to the company’s website, Immucor develops and sells products used by hospital blood banks. Specifically the firm has found ways to automate processes that used to be done manually.
Here are some more particulars:
-Based in Norcross, GA
-Industry: Medical Equipment & Supplies
-Market Cap: $1.9 billion
-52 Week High: $33.80
-52 Week Low: $17.30
-Down 6.5% over the last year
Why is this firm a rising star stock?
“It’s a great stock that traded 8 million shares on Friday when it usually trades 1 million shares,” explains Joe Terranova. “It just moved from the S&P small cap to the mid cap index. And it’s not that reliant on credit.”
“And it could be a takeover target,” adds Melissa Lee who’s filling in for Dylan Ratigan. “Ontop of that, they raised their 2009 EPS forecast,” which in this economy isn't so easy to do!
Maybe put it on your radar!