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Navellier: Emerging at #1

01/21/2005 12:00 am EST


Louis Navellier

Editor, Blue Chip Growth and Emerging Growth

Louis Navellier is no stranger to outperformance. He not only scored fifth place on the Hulbert list for 2004, but his Emerging Growth letter was also named #1 for the past 20 years. According to Hulbert, his total return was 4,064%, more than triple that of the S&P 500.

"The average stock on our buy list has had phenomenal earnings growth with relatively reasonable p/e ratios, so there is a lot of money pouring into these stocks in advance of earnings season. In particular, some of our oil and oil tanker companies have been incredibly strong because the center of the country has come under an Arctic blast, pushing oil prices higher. We can already see the excitement in a lot of our energy stocks as it's anticipated they'll have good earnings and low earnings ratios.

"One new addition to our portfolios is Nordic American Tanker Shipping (NAT NYSE). The company operates double-hulled Suezmax tankers, chartered to British Petroleum on spot charter agreements. Due to rising oil demand worldwide, spot charter rates have soared, especially for double-hulled tankers. Due to the shortage of steel in the world, the prices for these tankers have risen dramatically. It will take almost two years for enough new tankers to be built to resolve the shortage of double-hulled tankers. Until then, Nordic will continue to benefit from high spot prices. During the past four quarters, the company's sales have soared over 220%, while its earnings have jumped over 483%. Buy below $44.

"Many of our other high-flying stocks look really good including Phazar (ANTP NASDAQ). The company manufactures fixed and mobile antennas for wireless Internet, LAN, GPS, cellular, and Bluetooth networks. The company's products include cellular, shipboard, surveillance, and tactical antennas and towers primarily sold in the US. Phazar's customers include commercial equipment makers as well the US government. With surging sales (up over 104%) and earnings growth (up 160%), Phazar is a very powerful stock, but it's also very volatile. It's the most volatile stock I currently recommend. Phazar's stock deviates 49% a month, so you're really 'grabbing a tiger by the tail.' The company's sales and earnings are growing over 100% annually and should remain very strong for the next several months. Buy below $65.

"Also among high-flyers, we think Novatel (NGPS NASDAQ) is an incredible buy. The company is based in Alberta, Canada, and makes Global Positioning System receivers and related components for such applications as aerospace, agriculture, and surveying. The company's products include GPS antennas and receiver units designed for use on land, sea, and in the air. GPS devices are now everywhere, and the worldwide demand for these devices is strong. During the past four quarters, the company's sales have soared over 49%, while its earnings have climbed over 153%. The stock pulled back sharply in recent trading, which gives us an excellent opportunity to add it to our portfolios. This is a volatile stock. Buy below $34."

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