Tax Reform in This Election Year: It's Not Likely
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As a follow up to my blog yesterday, here are a few other ideas to look at as this stock market correction continues to unfold.Newell Rubbermaid Inc (NYSE: NWL), a stock we have blogged about the merits of repeatedly during the past year, is holding up steady. There are a couple of reasons for this -- first, Newell, as a consumer staple company, attracts money during volatile markets, and second, the belief that its turnaround is for real.
Dynegy Inc (NYSE: DYN) is also holding up well. Similar to the IP transport companies blogged about yesterday, this stock typically got hit hard during these market corrections during the past few years. However, in this selloff, it has declined little. With private equity firms eyeing TXU, investors are beginning to believe in the merchant power business again.
Use this correction and current bout with fear to pick up some good stocks. Newell and Dynegy are companies to throw into your portfolio.
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