I feel the market is in a bear market now. But there are special stocks that are value and growth stocks to be watching so that when the market bottoms we can be ready for a buy. Thus I am creating a few stocks that are stocks to watch.
One such stock is TRN Trinity Ind. I feel this is a good value and growth stock because Trinity Industries, Inc. (TRN) exceeded analysts' earnings expectations in 10 consecutive quarters. Consensus earnings estimates for both this year and next have risen over the past two months. Earnings per share are projected to grow 22% over the next 3-5 years. On Sep 10, the Board of Directors boosted its quarterly cash dividend by 16% to seven cents a share.
Another way to play this is to sell the put for Oct at $35 for $1.60. This way if the stock goes down you pick up some insurance to help your purchase. Now here is the key to this strategy is that little 1.60 premium annualized
if the stock stays at 35 will give you a yield of 50.4%. Not bad for waiting. The only caveat is if the stock goes below 33.40 which means you start to lose from there vs the 35.25 you start to lose.
Food for thought.