Two Cheap Stocks With Growing Prospects

Earnings season kicks off in earnest this week with reports from key S&P 500 components like Citigroup (C), General Electric (GE), Microsoft (MSFT) and others.

This quarter is set to post the first sequential decline in overall S&P 500 earnings in three years. The profit picture has deteriorated significantly over the past four to six weeks. Analysts have ratcheted down estimates for the majority of companies in the energy, materials, industrial and tech sectors on concerns over European, slowing worldwide growth and a strong U.S. dollar. Many companies in these sectors have taken major hits to their share prices as a result. One strategy I am employing is to allocate funds to cheap equities whose earnings estimates have actually gone up over the past three months when the majority of stocks were being revised down. Here are two that I like....303 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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