My Watch List for 2001
I think the first half of 2001 will continue to be a rocky road for the tech stocks and have thought long and hard about non-tech stocks to diversify my portfolio. I have listed (in alphabetical order) a collection of stocks that I think may outperform in 2001. Many of these stocks had stellar years in 2000. Others are beaten-down and may be near bargain-basement levels. I have included a few tech stocks but, for the most part, have listed: financials, retailers, health-care and health-related, and energy. This is intended to give those of you looking to diversify away from techs in 2001 a starting point. As always, do your own due diligence to see which, if any, look promising to you.
One caveat: the chip stocks, chip-equipment makers, and retailers will probably do poorly through the first part of this year and I would advise caution in buying any between now and March. The chip stocks will continue to warn and miss earnings and may well go lower; conversely, if they do warn and/or miss and DON'T sell off, that may be a sign that they are near a bottom. The retailers will (IMO) get trashed in January and February because of what will be a disastrous Holiday shopping season. As cheap as these stocks are, I think they will get cheaper. I would wait for some of these bad reports to surface, and buy them on the knee-jerk dips.
Anyway, here's the list (in alphabetical order): AHP, AMAT, ANF, APC, BBY, BRL, BK, BSYS, CAH, CANI, CC, ELNT, EMR, EPG, GDW, HD, IDTI, IGT, IRF, JKHY, LEH, LM, LRCX, MWD, NVLS, OCA, RSH, SPLS, SWY, TECH, TGT, TXN, WPI.
Comments (positive and negative) are welcome. |
