We also accept fundamentally sound stocks that were not beaten down. You must realize that although they are relatively few, these companies will be rewarded for their steady, accelerating earnings. My very favorites in that group are LGTO, CPWR,EMC,PAYX, IM, BMCS,GDT,KEA,MCK,SWY,TYC, and AVEI...
You must also realize that tech stocks are not the only area where swing and position traders will make money. In fact, I've done better with other sectors (excluding the internets, of course) almost invariably in the last 2 months.
AVEI was picked up by 11 top funds recently. AVEI has accelerated earnings growth in the past 3 quarters of 71% to 814% to 1,186%. Their coronary stent products was where these gains came from.
LGTO, on today's watch list (done last night by 7:00 p.m.) is now in the NEW AMERICA section of Investor's Business Daily. Probably in the elite 1% of 'best of show' stocks. This one comes back to make gains again and again. The sectors shines also with even the competitor VRTS doing well.
SWY.. also favored by many funds and was an 'earnings play' for the past 4 quarters. The past few years, it has show at least a 20% gain in quarterly net. Even this year net is supposed to increase by 24%.
TYC..a frequent additon to the Market Gems watch list. Earnings growing at an annual rate of 30%. Recently picked up by 92 mutual funds.
CSC.. computer sciences picked up by 50 mutual funds.
MCK.. another good one was recently picked up as a major acquisition by my own personal holding; Vanguard Specialized health Care Fund.
CAH... picked up by no less than 67 grade A- to A+ mutual funds.
LOW.. picked up by 50 major mutual funds.
GDT.. picked up by 68 major mutual funds.
KR.. picked up by 50 major mutual funds
and of course the old favorites.. still being picked up by major mutual funds: LU, CSCO, MSFT and SGP... so we are not just dealing in stocks that have taken a beating... |
