I don’t know what it is, but I have been in the shopping mode for the month of January. Maybe it is because I find so many good value stocks. Anyways here are some stocks I am looking at getting into or staying into.
Altria (MO)
I recently stated that I had opened a position in this stock at around $72, and I am still sticking strong with it. I also feel it is not too late to get into the company. No matter what happens people will always smoke. Although I don’t condone smoking, there is nothing wrong with making money off it if people are going to do it. Although they are planning a spin off, which I think will be a buy when it comes out, I still see the stock getting to $80. After that I would consider getting out. Don’t want to be too greedy. I’m thinking about a month’s time should be good. Another good stock to check out in the same sector would be Reynolds American (RAI).
E Trade Financial Center (ETFC)
You can look at this stock as either a long play or short play. Although the stock is not estimated to be profitable again till 2010, there has been a sense of the worse has come and gone. With this company at such a low level ($4.56), there is only so much more downside. I look at this has a strong buy (short and long). ETFC even plans to run 2 commercials during this year’s Super Bowl ($4 million). In my opinion the stock can only go up and may even look like a takeover target to some people. It is a risk, but one I would like to take. Even if you just purchased 100 shares that is only a little less the $500 in capital.
Haliburton (HAL)
Price targets for this stock are up in the mid 40′s and above. Although there is pressure from the domestic part of the business, the international exposure is still very strong. HAL was at the same price level last as it was 52 weeks ago, and that was when the company started to buy their shares back, which eventually led to the stock getting to $40. I should know because I rode it all during that time. It could still see a little bit more beating, but don’t expect it to be down for too long.
Just because I like the name so much, I want to buy the stock. Does anybody else find the ticker symbol to be funny considering the relationship gold and the U.S dollar have. With the dollar hitting all time lows, gold can just keep rising. Has the economy gets worse gold can still work out. That is why I like Yamana to be a 2-3 month play. I see it getting to $23-25.
I am also currently sticking with EMC and CAT.
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