Posted on Tuesday, 7th April 2009 by admin
Here’s the list of the best performing stocks for Q1 2009 on the S&P 500:
As you can see, there is not even 20 stocks that are positive among the S&P 500. This shows how bad the market was early this year. While the S&P was down -11.67% at the end of the first quarter, it is not surprising to find that only a few stocks were able to add some green to your portfolio!
Now, is it the time to buy those stocks? This is a tricky question! I would certainly not go for the top performing as they probably reached their peack by now. However, I am hearing a lot of good things about Wells Fargol here and there. Therefore, there is still a possibility to see this stock soars in 2009. The price is still pretty low so if could easily reach $10 without facing any market liquidity problem. While everybody sees banks stocks pretty low, a few of them will definitely show their good intrinsic value and investor will buy them sooner or later. After all, Wells belongs to Mr. Buffett 
Another interesting point is that there are a lot of great stocks in 2009 that are related to consumer goods. This is pretty normal as we are in a recession and people will slow down most of their expenses (such as new cars, duh!) but will keep eating and buying basics goods. This is why those company perform well in a bear market. If you believe that the recession will last during 2009, this may be a right pick. However, I think we are already too late to pick defensive stocks. It is now time to hunt the next bomb in the stock market!
Happy Trading!
Posted in Best Stocks in 2009 | Comments (1)
April 13th, 2009 at 5:39 pm
[...] A lot of them have lost their faith into their stock broker or financial planner and DIY investor don’t know where they should be heading to find the next best stock in 2009. [...]