This week’s Best Stocks Under $5 looks a little different than recent weeks. This week, our best stocks aren’t heavy with biotech and other health-related small-caps. And that’s a good thing — it’s a healthier sign for the overall market when hot-performing stocks are spread across several industries.
Here’s a look at five low-priced stocks that shot higher this week.
Best Stocks Under $5: Chanticleer Holdings Inc (HOTR)
4/10/15 Closing Price: $3.01 (+29%)
Chanticleer Holdings Inc (NASDAQ:HOTR) is a low-priced stock that we featured a few weeks ago.
Chanticleer, which owns and operates Hooters restaurant franchises in the U.S. and overseas, had another good week after announcing the grand opening of its fifth Hooters restaurant in Townsville, a city on the Northeast coast of Queensland, Australia. Townsville is a major growing area, with a thriving economy, and billions of dollars of infrastructure projects are scheduled for building over the next few years. The area also has a 1,500-person military base.
Also this week, Chanticleer announced it is scheduled to present at the Growth Capital Expo at Caesars Palace in Las Vegas from April 12-14.
HOTR stock has doubled since December.
Best Stocks Under $5: Inuvo Inc (INUV)
4/10/15 Closing Price: $2.85 (+47%)
Inuvo Inc (NYSE:INUV) is a Little Rock, Arkansas-based technology company that specializes in digital publishing and advertising, creating partnerships between customers and advertisers via websites and apps.
This week, Iunvo announced that because it has outgrown its current office space (thanks to expansion of digital publishing and ad tech businesses), INUV has signed a five-year lease for new headquarters in Little Rock to double their space.
INUV recently renewed its advertising agreement with Yahoo! Inc. (NASDAQ:YHOO) in a deal to begin on April 24.
Investors liked the sound of all this new growth and expansion.
Best Stocks Under $5: AirMedia Group Inc (ADR) (AMCN)
4/10/15 Closing Price: $3.01 (+49%)
It was a very busy and lucrative week for AirMedia Group Inc (ADR) (NASDAQ:AMCN), an operator of digital advertising screens in various airports, gas stations and billboards in Beijing.
On Wednesday alone, AMCN gained about 55% on volume of over 14 million shares after announcing it sold a 5% equity interest of its advertising business to Shenzen Liontronics for 150 million yuan in cash. AMCN stock pulled back considerably from its intraday high of $3.70 to finish at $2.82, but has gained a bit more ground since then.
On Thursday, AMCN announced that one of its subsideries, Meizheng Advertising Company, made a concession agreement with Shanghai Railway Culture and Advertising Development giving Meizheng the exclusive rights to install and operate Wi-Fi systems on Shanghai’s 147 groups of ordinary trains. Shanghai Railway had approximately 175 million passengers in 2014, so this agreement should provide AMCN with a very large and captive audience.
Prior to this week, AMCN stock had declined nearly 33% since December. Given the quick run-up and overbought 14-period RSI (74), investors may want to wait for a pullback before entering long positions on AMCN stock.
Best Stocks Under $5: McDermott International (MDR)
4/10/15 Closing Price: $4.88 (+17%)
McDermott International (NYSE:MDR), an international engineering and construction company for offshore oil and gas projects, was up strongly this week for two reasons.
On Tuesday, MDR announced it had received a “subsea umbilicals, risers & flowlines” (SURF) engineering contract awarded to them by a Brazilian energy firm for its Early Production System (EPS) in the Santos Basin off the coast of Brazil.
The current project is due to be completed by the second quarter of 2016, with oil being produced from the the oilfield in the first half of 2016.
MDR stock also rose as oil prices strengthened. McDermott is up more than 100% since late January, and while looking overextended, has just crossed above its 200-day moving average.
Best Stocks Under $5: Civeo Corp (CVEO)
4/10/15 Closing Price: $3.48 (+20%)
Civeo Corp (NYSE:CVEO) is a niche company that provides remote site accommodations and a host of other vital services to companies in the natural resource industry throughout Australia, Canada, and the U.S.
Since last November, CVEO stock was battered down from $12.80 to a low around $1.70. With the price decline, company officials began purchasing shares. One director recently bought 91,000 shares, worth approximately $218,000, at $2.39 per share.
This past week, CVEO stock saw some further accumulation by company insiders, and between the shares being purchased by executives, and other investors taking note, CVEO stock had its best week in many months.
Besides the insider buying, the company’s only other news is that it changed the location of its corporation from Delaware to British Columbia, Canada. Investors should be cautious because there does not seem to be a lot of reason for this stock moving higher at the moment.
As of this writing, Ethan Roberts does not hold a position in any of the aforementioned securities.
