<\/p>\n
While Wall Street and many investors are focusing on AI, there are fundamentally superior stocks flying under the radar.<\/p>\n
Here are five stocks scoring high in my stock grader that investors should pay more attention to.<\/p>\n
National Energy Services Reunited Corporation (NESR)<\/p>\n
Elevated crude oil prices and the ongoing tensions in the Middle East continue to support oil and natural gas companies\u2019 top and bottom lines. <\/p>\n
One such company is\u00a0National Energy Services Reunited Corporation\u00a0(NESR), a leading oilfield services provider helping crude oil and natural gas explorers and producers maximize their well productivity and boost operational efficiency.<\/p>\n
Related: Is SpaceX Worth More Than Earth?<\/p>\n
In the second quarter, NESR achieved record revenue of$520.8 million, representing exceptional 59.1% year-over-year revenue growth. Adjusted earnings surged 109.5% year-over-year to $0.44 per share. This massive second-quarter performance builds directly on a strong first half of the year.<\/p>\n
The actual results significantly outpaced Wall Street’s estimates. Going into the second-quarter release, analysts expected earnings of $0.35 per share on revenue of $448.54 million. NESR cleared those estimates with ease, delivering a major quarterly earnings surprise. NESR is a Conservative buy below $34.<\/p>\n
My stock grading system rates National Energy Services Reunited Corporation (NESR) as an A.<\/p>\n
For more information about my stock grading system, click here.<\/p>\n
International Seaways, Inc.\u00a0(INSW)<\/p>\n
While there has been some progress on reopening the Strait of Hormuz, shipping rates remain elevated \u2013 and aren\u2019t showing any signs of declining in the near-term. Rates for some Very Large Crude Carriers (VLCCs) that use the Strait of Hormuz have jumped to a whopping $470,000 per day.<\/p>\n
Eye-popping tanker rates like that are expected to add massively to the top and bottom lines of crude oil tanker companies, like\u00a0International Seaways, Inc.\u00a0(INSW).<\/p>\n
Demand for its crude oil hauling services, along with elevated shipping rates, caused International Seaways\u2019 earnings to more than quadruple and its revenue to jump 77.6% in the first quarter. For the second quarter, International Seaways (INSW) outperformed analyst expectations, reporting $5.91 earnings per share on $467.3 million in revenue. These results exceeded forecasts of $5.26 per share, marking a fifth consecutive quarter of earnings surprises. INSW is a Conservative buy below $104.<\/p>\n
My stock grading system rates International Seaways as an A.<\/p>\n
For more information about my stock grading system, click here.<\/p>\n
Okeanis Eco Tankers Corporation (ECO)<\/p>\n
Like International Seaways,\u00a0Okeanis Eco Tankers Corporation\u00a0(ECO) has also profited from elevated shipping rates for crude oil and refined products.<\/p>\n
In the second quarter, Okeanis Eco Tankers\u2019 revenue soared 239.6% year-over-year to $318.9 million, beating estimates of $221.02 million by 44.3%. Earnings surged 602.4% year-over-year to $5.90 per share. Analysts expected earnings of $4.41 per share, so ECO posted a 33.8% earnings surprise.<\/p>\n
In the wake of its quarterly earnings beat, the analyst community has revised third-quarter earnings estimates 54% higher in the past week alone.<\/p>\n
Okeanis Eco Tankers also noted that it will pay a dividend of $5.25 per share on August 21. All shareholders of record on August 14 will receive the dividend. The stock has a 15% dividend yield.\u00a0ECO is a Conservative buy below $70.<\/p>\n
My stock grading system rates Okeanis Eco Tankers as an A.<\/p>\n
For more information about my stock grading system, click here.<\/p>\n
Tsakos Energy Navigation Ltd. (TEN)<\/p>\n
Tsakos Energy Navigation Ltd.\u00a0(TEN) partners with major oil companies \u2013 including ExxonMobil, Shell and Chevron \u2013 to haul crude oil and other petroleum products around the world.<\/p>\n
Higher tanker rates helped the company achieve 28.4% year-over-year revenue growth and 160% year-over-year earnings growth in the first quarter. And in the wake of a positive earnings and revenue beat, analysts have nearly doubled second-quarter earnings estimates in the past month alone.<\/p>\n
Second-quarter earnings are now forecast to soar 258.2% year-over-year to $2.40 per share. As you know, positive analyst revisions typically precede future earnings surprises. Revenue is expected to increase 41.8% year-over-year to $228.91 million.\u00a0TEN is a Conservative buy below $44.<\/p>\n
My stock grading system rates Tsakos Energy Navigation Ltd. as an A.<\/p>\n
For more information about my stock grading system, click here.<\/p>\n
Argan, Inc. (AGX)<\/p>\n
This last one is an AI infrastructure play. <\/p>\n
The data center construction boom continues unabated in the U.S. Spending on data center construction in the U.S. has now exceeded $50 billion. To put that into perspective, the U.S. has earmarked more money for data centers than it has for public transportation infrastructure (i.e., airports, mass transit, marine terminals, etc.).<\/p>\n
That\u2019s great news for\u00a0Argan, Inc.\u00a0(AGX).<\/p>\n
Argan builds and manages power plants \u2013 gas, solar and wind \u2013 all of which will help power the new data centers coming online in the upcoming months and years.<\/p>\n
Demand for its services was apparent in the first quarter, with a project backlog of $2.8 billion.<\/p>\n
This massive backlog is anticipated to add to its top and bottom lines for the foreseeable future. As a result, analysts continue to revise earnings estimates higher for upcoming quarters. For the second quarter, earnings are now forecast to rise 7.6% year-over-year to $2.69 per share. That compares to previous estimates of $2.54 per share just two months ago.<\/p>\n
Second-quarter revenue is also expected to increase 26.5% year-over-year to $300.61 million. Argan will report second-quarter results in early September.\u00a0AGX is a Conservative buy below $706.<\/p>\n
My stock grading system rates Argan as an A.<\/p>\n
For more information about my stock grading system, click here.<\/p>\n
In a market so focused on AI, these five stocks are a reminder that some of the strongest opportunities can still be found where Wall Street is looking least.<\/p>\n
Related: Louis Navellier sees uncommon August rebound after Palantir blowout<\/p>\n
#Louis #Navellier #unveils #Arated #stocks #August<\/p>\n","protected":false},"excerpt":{"rendered":"
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