When the market gets rough and you are investing for the long haul searching for strong companies that can outlast the market turmoil is essential.
So I conducted a search for stocks with the following criteria: strong earnings per share (EPS), good institutional accumulation and current sponsorship (meaning well performing funds are currently holding the stock), and debt less then 25%. All stocks had to have a market capitilization of atleast $200 million as well.
The result? 12 fundamentally fit stocks that could be a great fit for any long term portfolio. (Note: stocks in alphabetical order via ticker symbol and one year stock charts are included for each.)
1. Barrick Gold Corp (ABX) - 07/01/08 Closing Price $46.36.
2. Aecom Technology (ACM) - 07/01/08 Closing Price $33.18.
3. Agrium Inc (AGU)- 07/01/08 Closing Price $104.82.
4. Yamana Gold (AUY) - 07/01/08 Closing Price $16.25.
5. C T C Media (CTCM) - 07/01/08 Closing Price $24.74.
6. Deckers Outdoor Corp (DECK) - 07/01/08 Closing Price $137.56.
7. E O G Resources (EOG) - 07/01/08 Closing Price $131.54.
8. Mantech International (MANT) - 07/01/08 Closing Price $47.47.
9. Morningstar (MORN) - 07/01/08 Closing Price $69.99.
10. Mindray Medical (MR) - 07/01/08 Closing Price $36.98.
11. Potash Corp (POT) - 07/01/08 Closing Price $222.68.
12. Wuxi Pharmatech (WX) - 07/01/08 Closing Price $18.98.
Blain, what are your thoughts on AGU & POT?
POT has been a machine, and interesting to see both those gold stocks make the list as well. Some of these stocks actually have bullish looking charts. Nice post Blain
The reason I am posting this is because I read a post else where Blaine said expect higher-higher, since we are in a bear market I will say this 'expect lower-low'. By now everyone has a good sense where the market will go--my strategy for this market is to chase the most over price stock. Stocks that are trading 10x or more its earning such as Ipi, Isrg, Pot and Rimm.
I have tried this in a virtual account and it works pretty well. I might even try with my real money.
I mean chase over price stock and buy put. The last put I bought was IPI 'aug put 70 @9.90 and the price is 13 now. Very good and I am expect it to go lower.
sounds like a solid investing strategy Phi.