5 Stocks for the January Effect

Stock #2: Parker Drilling (PKD)

This on- and offshore drilling company has been like a yo-yo in 2008. First, benefiting
from the record rise in crude prices, shares of Parker Drilling (PKD)
rallied during the first half of the year. When oil prices collapsed, so, too, did
shares of PKD. Today, this small cap stock trades for less than $3 per share despite
having very good fundamentals.

If you’re looking for tax-loss selling, then look no further than PKD. The
stock has lost nearly half its value in just the last two months. If OPEC manages
to get tough on production, PKD could be poised to rally. I think investors will
flock to this oil drilling company in January providing a nice boost to those who
buy the stock in advance.

Next:
Stock #3 – NutriSystem Inc. (NTRI)