By Larry Gellar Sophisticated investors can use high-beta stocks to improve their returns in a rallying market. In fact, we’ve identified five that should certainly be considered. Parker-Hannifin (PH), Textron (TXT) and Basic Energy Services (BAS) are industrial companies with good things going for them. Meanwhile, Monster (MWW) and International Game Technology (IGT) are two tech plays that will also see growth. Parker-Hannifin Corporation has a beta of 1.51. The stock has gone from trading below $75 per share in December to its current price of over $81. Part of that can be explained by the terrific earnings report that was just released. In fact, Parker-Hannifin was able to set second quarter records for revenue ($3.11 billion, up 8.4% year-over-year) and net income ($240.8 million, up 4.6% year-over-year). This stock should benefit as the company adjusts its operations to cater to North America as opposed to Europe. Furthermore, compared to last year at this time, Parker-Hannifin was able to improve the performance of all of its segments besides climate industrials. This is especially important because it makes it very likely that Parker-Hannifin will have strong growth for years to come. Value metrics also look good for Parker-Hannifin. Price to earnings…
5 High Beta Stocks That Could Rally In 2012
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