Best buys now per the fearless bargain-hunter:
Beaten down retailers with great earnings will finally have their day now and the rally may last months: Anf, Bebe, Ibi, Aeos, Tom, etc. Anf will lead a charge this coming week going into earnings but unlike in January will not fall back again. Bebe still the best bargain in the sector. -- Blue chip values, I like money center banks, drug stocks like JNJ and LLY, Lu still and WCOM. Telcos haven't moved in awhile. Should soon. - I like ESHR compared to KANA. - I like DD stocks (just hold and wait for the DD shortage and price rises) so buy MXTR, KMAG and HDD. CPQ is probably at its bottom now. Can't lose on that one IMHO. Also like IBM and UIS. Like LOR as its dipping now. Over next two years should go up 2000%. - Like beaten-down software stocks. Nonje beaten down more than IMRS but KEA, CBR, CPWR, etc. - and OLB's I like EGRP and NITE especially. Volatile as hell but near their bottoms and could double from here easily. - Cable stocks like CHTR and HSAC and ATHM ought to catch up. Ditto T if you don't mind holding awhile.
Yes I know I don't like the currently popular high-fliers but IMHO why buy at the tops?
Just did my taxes (all those damn trades last year had to be listed) and noticed one thing. I only lost when I was impatient. And buying at bottoms was always a good idea.
I think we're in for a two month rally here. Not straight up but generally up until we all need to trim off to pay our damn capital gains taxes in April. Until late March I'm definitely in and very bullish. Just as I thought (and Rande too) the Fed interest rate fears were BS. Oil prices will come down now. Not up any more. Gold bugs beware. A fool's game. No one cares about precuious metals anymore, it's just jewlelry. I'd rather buy chips and hard-drives. |
