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)
Every Saturday, the team of Buy My Stock Picks does a review of good read around the blogosphere. Here’s what caught our attention this week:
Procter & Gamble (NYSE: PG, $46.95 on March 13th)
Sigma-Aldrich Corporation (NASDAQ: SIAL, $34.60 on March 13th)
Stantec Inc. (NYSE: STN, $17.70 on March 13th)
This has been 2 great weeks overall on the stock markets. The stocks soared about 15% after the guys from Citi Group and Bank of America both said that “everything is going to be ok” type of thing 
At a price of about $16, the stock is being traded a one third of its intrinsic value. The great thing about Disney is its capability of taking an old success and brings it back to make even more money with it! Another good point is the great profitability the company gets back from its amusement park such as 
This is another solid company that is being sold under its intrinsic value. The stock is giving a dividend yield around 3.80% and the company has a lot of liquidity. It’s well diversified among several products. This could be one of 
Yup, I’m talking about buying bank stocks in this big turmoil. The thing is that the trust in financial stocks is so low that great buying opportunities emerge from the market. It is currently trading in the $30’s after being as high as $120! Since it’s a regional bank, M&T Bank Corporation was less affected by toxic financial products and the subprime mortgages.
This is the world biggest advertising company. For obvious reasons, the company will definitely suffer from the downside of the current economic cycle. However, the size of the company and its expansion across the world will assure income stability and cash flow. The stock is currently trading at 8.6 its forwarded P/E ratio for 2009. Even with all the bad news, the market expects Omnicom to increase its revenue by 10%.
