In case you couldn't tell from the gasoline prices in your area, oil prices have been on the move. The chart below pretty much says it all.
As you can see, benchmark West Texas Intermediate Crude has been bubbling higher lately, and prices have now ascended into near triple-digit territory. For the record, that's an impressive 120% bounce off the lows from January 2009.
There are compelling reasons to believe these elevated prices might stick around for a while. In fact, further upside to $150 is a distinct possibility. That could act as an economic drag, siphoning money from consumers and sparking inflationary price hikes for goods and services.
Top High Tech Stocks To Watch Right Now: Pacific Biosciences of California Inc.(PACB)
Pacific Biosciences of California, Inc., a development stage company, develops, manufactures, and markets an integrated platform for genetic analysis. The company engages in developing a technology platform that enables single molecule, real-time (SMRT) for the detection of biological processes. It primarily focuses on the deoxyribonucleic acid sequencing market. The company?s product includes the PacBio RS, a sequencing platform, which consists of an instrument platform that uses its proprietary consumables, such as SMRT Cells and reagent kits. The company?s customers include genome centers, genomics service providers, and agricultural companies, as well as clinical, government, and academic institutions. Pacific Biosciences of California, Inc. was founded in 2000 and is headquartered in Menlo Park, California.
Top High Tech Stocks To Watch Right Now: Compass Gold Corporation (CVB.V)
Compass Gold Corporation, an exploration stage company, focuses on gold exploration in Africa. It holds an option to acquire an indirect 51% working interest in 4 gold exploration permits, including the Yanfolia license covering 250 square kilometres in south Mali; the Dandoko license covering an area of 134 square kilometres located in west Mali; the Kolondieba permit covering 250 square kilometres in south Mali; and the Solabougouda license covering an area of 250 square kilometres in south Mali. The company, formerly known as Nordic Gold Corporation, is based in Vancouver, Canada.
Top Heal Care Stocks For 2014: Eagle Bulk Shipping Inc.(EGLE)
Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
Top High Tech Stocks To Watch Right Now: B2Gold Corp(BTO.TO)
B2Gold Corp., together with its subsidiaries, engages in the acquisition, development, and exploration of mineral properties. It primarily explores for gold and silver deposits. The company?s property portfolio comprises the La Libertad gold mine and the El Limon gold mine in Nicaragua; Ojtikoto gold project in Namibia; Cebollati property in Uruguay; Bellavista property in Costa Rica; and Quebradona, Gramalote, and Mocoa properties in Colombia. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.
Top High Tech Stocks To Watch Right Now: Alvarion Ltd.(ALVR)
Alvarion Ltd. supplies top-tier carriers, Internet service providers (ISPs), and private network operators with solutions based on the worldwide interoperability for Microwave Access (WiMAX) standard, as well as other wireless broadband solutions. The company provides WiMAX and non-WiMAX wireless broadband systems, and launched 250 commercial WiMAX deployments worldwide. Its solutions are designed to cover a range of frequency bands with fixed, portable, and mobile applications to enable the delivery of personal broadband services, business and residential broadband access, corporate virtual private network (VPN), toll quality telephony, mobile base station feeding, hotspot coverage extension, and services for various vertical markets, such as municipalities, public safety, mining, utilities, video surveillance, and border control. The company?s business mainly focuses on solutions, based on the WiMAX standard, that are used for primary wireless broadband access. In addit ion, Alvarion sells its non-WiMAX products, which address point-to-point and point-to-multipoint architectures for various end-user profiles, including residential, small office/home office, small/medium enterprises, multi-tenant/multi-dwelling units, and large enterprises, as well as provides network management solutions for its wireless solutions. Its solutions provide high-speed wireless ?last mile? connection to the Internet for homes and businesses in both developed and emerging markets. The company was formerly known as BreezeCOM Ltd. and changed its name to Alvarion Ltd. as result of merger with Floware Wireless Systems Ltd. in August 2001. Alvarion Ltd. was founded in 1992 and is headquartered in Tel Aviv, Israel.Advisors' Opinion:
- [By Sy_Harding]
This is a backdoor play on the growth in the developing world. The company supplies the WiMax networks that allow people in the developing world to get Internet access. This will be a high growth area but also at $3.80 a share, Alvarion is dirt cheap. It has $2.50 a share in cash in the bank, no debt, and is expected to earn 14 cents a share next year. Trading at less than 10 times earnings (when you back out the cash) and with the safe cushion of the cash, this stock is very attractive.