No doubt, this week has made it more and more difficult to say anyone should buy stocks at the moment. Even in good, solid, dividend-paying companies. Many analysts and pundits have recommended investors to sell and stay away from the stock market for a while as they don't see a bottom yet, only more declines.Others believe the bottom is near and investors shouldn't try to time it to buy good value stocks. But it seems they are fewer. It has also become a little more difficult to find stocks our bloggers call a Buy. Still there are a few:
Advanced Micro Devices Inc. (NYSE: AMD) -- while AMD stock did not hold up very well recently, a positive development may encourage buyers as this week spun off its manufacturing business.
Apple Inc (NASDAQ: AAPL) -- Apple fans have seen the stock getting pounded the past week, but today it was one of the big winners, jumping 9%. Sheldon Liber notes that "it has not traded at a P/E below it's projected growth rate in years..." Apple is also expected to announce new laptops next week, including a low-priced model to better position itself among competitors.
Costco (NASDAQ: COST) -- Costco reported decent same-store sales this week, and Steven Malls thinks that "Longer-term, Costco will do well."
East West Bancorp (NASDAQ: EWBC) -- as this one held pretty nicely during these times, up 13.25% Friday, Sheldon Liber said this week that if he "had to 'bank' on whether this stock is higher or lower in a years time I would say higher."
IBM (NYSE: IBM) -- Big Blue reported strong earnings and Doug McIntyre thinks its "great depth and breadth [...] has let it dodge that bullet."
Metropolitan Life (NYSE: MET) -- Sheldon Liber thinks MET is the obvious target for failed AIG business. MET closed 8% higher Friday.
Yum! Brands (NYSE: YUM) -- The restaurant chain reported earnings this week and Steven Mallas thinks "long-term investors with a lot of patience should have a winner on their hands based on the brand equity of the company and its cash-flow-generating abilities."
This morning, Jim Cramer said he would like to buy Procter & Gambles (NYSE: PG), General Mills (NYSE: GIS), Colgate's (NYSE: CL) and Freeport McMoRan (NYSE: FCX). Cramer has been consistent with his call on these four awhile now.
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Reader Comments (Page 1 of 1)
10-11-2008 @ 12:14AM
Mike Sanders said...
I've been buying POT (Potash of Saskatchewan)... They were at $240, earlier this year and this week, they've been as low as $80 per share... I think their back over $90, at present. They are a quality company (good earnings) and they produce a critical material, known as potash. Apparently, this potash material is pretty important to supplying the world with food (about 10% is for corn, used as fuel). Potash prices are rising and there is no one who's bigger than POT, when it comes to potash. At 1/3 the price of what they were, several months ago, it looks like a genuine bargain. As long as there are people who eat, we'll need potash to maintain high-crop yields. The only other stock, that I like is ALV, an auto parts supplier, which most people might not want to risk, at present. Lastly, I like CD's for capital preservation; any interest rate will do, because safety and reasonable liquidity is the purpose, here. Good luck, everyone! I'm having a difficult time, facing my portfolio, jus like everybody else, but we will make it through this, together. Get some rest, this week end and say a prayer for each other... I am confident that this is nearing the end, or capitulation, as they say. Take care!
10-22-2008 @ 2:17PM
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