Voted MLB's best ballpark in 2008, Cleveland's Progressive Field boasts the name of Ohio-based Progressive Corp. (NYSE: PGR).
Drawn down by the financial crisis and credit freeze of 2008, Progressive fell to $10 per share. With it now trading around $16, I consider the stock a bullish candidate given its fundamental strength and the fact that 82% of the analyst community ranks this stock as a "hold." I think the analysts will wake up and start upgrading the stock, driving buyers back into the insurer.
I think the stock will move another 20% higher over the next six months toward the $20 level, so consider buying some call options on PGR.
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