For speculators, Martin Weiss has uncovered a stock that benefits from rising home foreclosures. In the higher risk section of his The Safe Money Report he looks at Lender Processing Services (NYSE: LPS).
"We have a new speculative pick: Lender Processing Services. This company was spun off from Fidelity National Information Services a couple of months ago.
"It is the biggest outsourcing firm in the business of processing home loan defaults and foreclosures.
"As you might imagine, that business is booming due to the massive flood of troubled mortgages -- revenues in the company's default services unit soared 90% to $197.2 million in the second quarter from a year earlier.
"LPS also has a division that helps investors, banks and other clients model prepayments, defaults and other characteristics of mortgage-related securities.
"With everyone trying to figureout the value of all the troubled paper out there, the demand for those services should also ramp up. We emphasize, however, that this is a speculative play."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
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