Placing This Stock in the Hotbed: Main Street Capital Corporation (NYSE:MAIN)

Bargain hunters looking for stocks under $12 with potential upside might want to take a look at shares of Main Street Capital Corporation (NYSE:MAIN).  As of a recent trade, the stock is valued around $41.74 and has moved 0.48% in the most recent trading session. 

In today’s financial world, hot stock tips are abundant. There is always someone trying to talk about the next big breakout stock. Investing in the stock market is inherently risky, but some stocks may be much riskier than others. It may be important to remember that everyone is quick to talk about their stock picks that were winners, but they may be very hesitant to disclose their losers. One way to sift through the sea of stock advice is to do the required research individually. When investing hard earned money, individuals may want to make sure that the tip makes sense to them and they are not just buying on the whisper.

Sometimes the stock market can be very confusing, even for the most seasoned investors. Even when expectations are met as predicted, the market may decide to move otherwise. This can cause uncertainty and second guessing. Keeping up with historical data as well as short-term and long-term trends may be very helpful. Over the past week, Main Street Capital Corporation (NYSE:MAIN) shares have performed -3.65%. Pushing back over the last quarter, shares are 0.00%. Looking at stock performance for the past six months, shares are 10.77%. Since the start of the calendar year, shares have performed 24.20%.

Let’s take a quick look at some possible support and resistence levels for the stock. According to a recent spotcheck, company Main Street Capital Corporation (NYSE:MAIN) have been seen trading -5.88% away from the 50- day high. On the opposite end, shares have been trading 3.52% away from the 50-day low price. Taking a wider perspective, shares have been recently trading -5.88% off the 52-week high and 31.43% away from the 52-week low.

There are plenty of different types of stocks that investors have to choose from. Some will opt to be more aggressive with their portfolios while others will choose to play it a bit safer. Blue chip stocks include companies that typically have a high market cap and have been profitable over a long period of time. Growth stocks are typically expected to have a high P/E ratio and a low dividend yield. The idea is that a growth stock will continue to expand and grow into the future. Many investors will be searching for value stocks. Value stocks are typically cyclical in nature and investors may be looking to buy and hold these types rather than try to squeeze out some short-term profits.

As we close in on the end of the calendar year, investors may be trying to visualize potential trades for the New Year. There are many professionals that believe that there is still plenty of room for stocks to run even at current levels. Preparing the game plan for the next few quarters may give the investor some new ideas. Staying focused and maintaining discipline may help guide the investor to unchartered territory in the coming months. Tracking market events from multiple angles may also help provide some enhanced perspective.  

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples.

They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs.

Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.

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