This market remains a stock picker's market. Select the wrong stock, and there's a 30-40% haircut up ahead; select the correct stock, and you're positioned for the recovery with modest downside exposure. For a chance at the latter, consider Newell Rubbermaid (NYSE: NWL).Newell Rubbermaid has the right goods for the new era: the era of the 'frugal consumer' means Americans will be shunning dining out for a very long time, which means leftovers will increase. That's bullish for the company's Rubbermaid food storage containers; kitchen utensils will also see impressive gains.
Analysts also like NWL's plan to eliminate lower-margin product lines and increase investments in high-profit categories. The First Call F2009/F2010 EPS estimates for NWL are $1.00/$1.14.
Stock Analysis: Newell Rubbermaid is a moderate-risk stock. Consider buying a 25% position in NWL now; then buy another 25% in three months. Under any circumstance, don't buy more than 50% of your NWL position in the first half of 2009. Sell/Stop Loss if you were to buy shares in this company: $3.
Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
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