NEW YORK (TheStreet) -- Now that the new year has arrived, I've been on the lookout for stocks that have taken a beating but may still rise enough from current low levels to make savvy investors some money.
Here are my top three selections.Microsoft MSFT Microsoft has been a disappointment. Its inability to compete against Apple AAPL and Google GOOG in the realm of mobility has been its downfall. But that doesn't mean the company lacks value. The question though, is whether current management knows how to harvest the value that is left. I'm not certain it does.
Things can't possibly get any worse. And given the company's cash hoard, there seems to be minimal risk to the downside. I'm placing my bets here at $26 a share. The stock should be able to reach $30 by the end of the second quarter.Intel INTC It's only fitting that Intel follows Microsoft as both remain leaders in a dying PC industry. However, Intel has all of the makings of a successful turnaround story. The company earned $2.83 billion in its most recent quarter, enough to beat analysts' estimates. The company has been reinvesting heavily in its business, including R&D in core capabilities such as security while extending its process technology leadership. Unfortunately, nobody cared. Investors have grown impatient with the company's slow response in the mobile race. But it may be time to believe.TechCrunch article, investors should expect LTE-compatible chips from Intel sometime in 2013, which will allow the company to power more smartphones and seek more growth opportunities in tablets. Plus, there continue to be rumblings that Apple might adopt Intel in its devices. Although Intel has yet to confirm these rumors, as with Microsoft, things can't get much worse with expectations already so low.In the meantime, the company has given investors reasons to remain patient by announcing a pretty significant share buyback. The last time Intel bought back shares, the stock surged more than 40% in two quarters. At $21 per share, the stock deserves a long look and offers 20% premium potential on the basis of the share buyback.Dell DELL Last on the list is Dell, a company that I have always wanted to like. Dell has been down, but the company has not sat waiting for defeat to come its way. Dell has responded by spending $2.4 billion in M&A acquisitions on names such as Quest Software QSFT . This deal arrived shortly after Dell buying SonicWall for an estimated $1.2 billion. Follow @rsaintvilus This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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