Ahead of the Wednesday morning trade, Fox Business tried to find out from experts about the stocks that investors should include in their watchlists. Retail Analyst Hitha Prabhakar and Penn Financial Group Founder, Matt McCall list out their best choices for the investors.
Hitha Prabhakar, places Alibaba.com among the companies that investors should closely follow. She said that the company is soon to launch its IPO in August and has disclosed its board members ahead of the IPO. Prabhakar said,
“They have just announced their executive, board. One man is Jerry Yang and the other one is J. Michael Evans, who is an I-banker from Goldman Sachs”.
The information is revealed in the company’s updated IPO filing. She said that those who have a stake in the stock could really get 3 to 4% gain from Alibaba.
With the appointment of Yang, who is a co-founder of Yahoo! Inc. (NASDAQ:YHOO), and Evans, Alibaba will be able to meet the U.S. listing guidelines. All that remains to be answered is the price band, number of shares and whether Alibaba will list on NASDAQ or the New York Stock Exchange. The company is likely to bring the IPO in August, depending on the prevailing market conditions during that time.
Meanwhile, Matt McCall said that he closely follows solar stocks, agreeing that though he was least interested in the green stocks, but of late the solar stocks have caught his attention. McCall said,
“I recommend subscribers to Guggenheim Solar ETF (NYSEARCA:TAN). It’s like a battle of solar stocks, I feel it like everyday I turn my computer, and there is more and more of positive news.”
McCall disclosed that his firm has taken a stake in the ETF and sees it to be the next big thing to heat up.