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3 Stocks on Sale

Concerns regarding the Greek debt crisis and its potential impact on the global economy are beginning to recede following the pledge from France and Germany to support European banks. While a true

Kennametal (KMT), machine-tool maker Kenmetal saw its order rise by 27 percent in the three months preceding September but the volatility prompted investors to abandon the stock at its highs rather than stick through until it had a chance to recover. The result was a 32 percent decline in its share price that looks undeserving considering the demand for the company’s products in emerging markets where businesses continue to emerge and expand at a rate expotential to that in the U.S.

Energy Transfer Partners (ETP)- Shares of ETP recently around $40, extremely weak for the company. Currently involved in an acquisition, investors are fleeing in the event that the company is unwilling to handle the load of debt it is taking on. The technicals tell a different story than the market panic indicates; however as ETP has an estimate growth rate of 28.65 percent for the year and an additional 18.97 percent for the next five years meaning it’s looking oversold at its current levels