Calling all Bargain Hunters: Stock Update on Regal Beloit Corporation (NYSE:RBC)

Moving 1.12% from the most recent open, shares of Regal Beloit Corporation (NYSE:RBC) have landed on investor watchlists as the latest bid puts the equity at $83.69.
Many investors get into the stock market with unrealistic expectations. For whatever reason, they may have the mindset that snatching profits is easy. Thinking that profits can be doubled or tripled right away may lead the investor down the road of no return. Although the lucky few might hit some big winners right off the bat, these chances are quite low. Stocks tend to be volatile in the short-term. Unless investors have a game plan ready to capitalize on short-term movements, they may want to take a wider, longer-term approach. Trying to figure out which way the market will turn from one day to the next can be a highly frustrating procedure. Having the patience to thoroughly examine every trade can immensely boost the investor’s chances of surviving and thriving into the future.

Sometimes the stock market can be very confusing, even for the most seasoned investors. Even when expectations are met as predicted, the market may decide to move otherwise. This can cause uncertainty and second guessing. Keeping up with historical data as well as short-term and long-term trends may be very helpful. Over the past week, Regal Beloit Corporation (NYSE:RBC) shares have performed 4.23%. Pushing back over the last quarter, shares are 19.49%. Looking at stock performance for the past six months, shares are 1.01%. Since the start of the calendar year, shares have performed 19.47%.

Let’s take a quick look at some possible support and resistence levels for the stock. According to a recent spotcheck, company Regal Beloit Corporation (NYSE:RBC) have been seen trading -2.11% away from the 50- day high. On the opposite end, shares have been trading 15.59% away from the 50-day low price. Taking a wider perspective, shares have been recently trading -3.53% off the 52-week high and 26.74% away from the 52-week low.

On a typical market day there is no shortage of stock news. Investors are often tasked with trying to decipher which news is worth paying attention to and which isn’t. Not only is there plenty of swirling news, there are usually plenty of opinions that follow. Closely following market sentiment can be useful for some, but it may impede others when decisions need to be made. When it comes to dedicated stock research, taking shortcuts may result in disappointing portfolio performance. Investors have to be careful not to be tempted by the hot stocks of the day. Of course, maybe some of those stocks would fit well in the portfolio, but doing individual stock study can help confirm the addition.

Serious investors are often looking for that next batch of quality stocks to add to the portfolio. Finding quality stocks at a discount can be a tough task, especially with the market trading at such high levels. Many investors will be patiently waiting for a dip to get in on some researched names. Being prepared for any situation may help the investor make those tricky decisions when opportunities present themselves. Nobody can say for sure which way momentum is likely to swing heading into the New Year. Staying on top of the key economic data can help provide a good baseline for stock investing decisions in the near future.      

So, most importantly, where are shares headed from here? In order to get a sense of Wall Street sentiment, we can look to brokerage analyst estimates. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Regal Beloit Corporation currently has an average analyst recommendation of 2.60 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. The same analysts have a future one-year price target of $88.22 on the shares.