Here are a couple stocks on my watch list. Besides just looking at these 3 stocks, you could probably take a close look at many companies in the same market.
Yamana Gold (AUY)
Why not? All I hear is that there is a strict correlation between the dollar and gold, so if the dollar stays weak, then keep an eye on gold. I have liked AUY since it was down at $15. If we get a bounce here, then I don’t see why it can’t test 52 week highs.
Altria (MO)
In down times, the number of cigarettes, tobacco, or whatever it is increases. Apparently it helps people feel calm. I have no idea, but if they want to voluntarily harm themselves, then why not make some money off those people. I have been pushing this stock for a while now, and it has pretty much stayed steady. Starting at $72, going to $80, and ending up at $74. Again I would like to see a bounce here.
Reynolds American, Inc. (RAI)
Just like MO, here is similar type of stock, but with more upside in my opinion. I like this stock at $64.50, with at target of $66. A nice defensive play hopefully.
Chesapeake Energy Corporation (CHK)
I mentioned this stock a while back. It had a nice run, but is now retreating from its new 52 week high. The CEO just bought some shares, while other insiders are selling. Basically I think this is just a publicity stunt by the CEO to try and increase the stock price. Although it might go up just a few, I see the stock tumbling past the current support of $44. Look at this stock again after it hits $41.
