GolmanSachs posts

Feed

Chasing Value: Toxic Stock Update #4 -- BAC, BP, C, GE, GS, RIG

Back in the summer of 2010 when the market was down, the gulf was full of spewing oil and investors were running away from bad news stocks shocked most notably by BP (BP) oil spill, I decided to post a contrarian story reminding readers that the fear was overblown and created a buying opportunity.

"My pal Warren" has said for years that we should buy on fear and sell on greed. The toxic stock portfolio was a result of this sentiment.

This is the fourth update to my ranting eight months ago that acquiring six of the most hated, and most highly traded stocks with constant negative headlines would outperform the overall market. The theory has born fruit as the toxic stocks are ahead and the difference is increasing over time.

Continue reading Chasing Value: Toxic Stock Update #4 -- BAC, BP, C, GE, GS, RIG

Symbol Lookup
IndexesChangePrice
DJIA+52.3015,387.58
NASDAQ+5.693,502.12
S&P 500+2.871,669.16

Last updated: May 22, 2013: 04:59 AM

Hot Stocks

General Electric

23.66+0.09(+0.38)

Alcoa

8.760.00(0.00)

Apple Inc

439.66-3.27(-0.74)

Google Inc 'A'

906.97-1.56(-0.17)

Bank of America

13.44-0.07(-0.52)

Wal-Mart Stores

77.39-0.01(-0.01)

Exxon Mobil Corp

92.80+0.28(+0.30)

Ford

14.95-0.10(-0.66)

Citigroup

51.66+0.06(+0.12)

IBM

208.65+1.05(+0.51)

Yahoo

27.00+0.42(+1.58)

Starbucks

64.25+0.42(+0.66)

Microsoft

34.85-0.23(-0.66)

Home Depot

78.71+1.95(+2.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1369213197168 ms.