Finding the right stock is the key to successful investing, but it’s never as easy as that sounds. The answer to the question, which stock to buy? is no secret, but it is hidden, in the avalanche of data that the markets produce. What’s needed is some clear signal that will cut through the noise and indicate the right stocks for the times.
The quantity of data, and the sheer impossibility of parsing all of it in real time, makes a formidable barrier to successful stock picking – but Wall Street’s analysts have that part under control, which turns the question into one that’s much more manageable: which analysts to follow? The quick answer is, follow the top-ranked analysts.
That will take us to Raymond James analyst John Freeman. This 5-star stock expert is a perennial dweller among the top-rated analysts contributing to the TipRanks database; the 66% success rate of his stock calls, and the 39% average return those calls would bring to investors who follow them, have Freeman standing tall among his peers on Wall Street. He’s currently ranked #2 out of 8,170 analysts.
In recent weeks, Freeman has picked out three stocks that he believes are primed for over 70% gains. Let’s open up the TipRanks database and get the lowdown.
Marathon Oil Corporation (MRO)
The first ‘Freeman pick’ we’ll look at is Marathon Oil, a $17.4 billion oil industry leader. Marathon spun off from the parent company Marathon Petroleum in 2011, to focus on hydrocarbon exploration and production operations, and since then has built its business on some of the best production regions for oil and natural gas in the US. The Texas-based company has major production activities in the Bakken, Eagle Ford, Delaware, and Stack/Scoop regions, spread from Texas to Montana.
These extensive operations generated solid production numbers, the foundation of Marathon’s financial success. In Q322, the company average 295,000 net barrels of oil equivalent per day, with oil production making up 166,000 net barrels of that total. The company realized $2.25 billion in total revenues from that…
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