2007-03-01 06:42:29 · 8 answers · asked by abhive19 1 in Business & Finance ➔ Investing
Right now, I would hold off. The market has just topped and most likely just starting to correct. Rarely do you have a day like we saw this last Tuesday, February 28th where the market moves down nearly 4% on huge volume after several months of strong movement upward without a further move down. It will take a couple weeks at the minimum for the correction to complete. Most likely at least several weeks before its safe to get in.
This is a dangerous time to be invested in the short-term. I've been trading stocks actively for years now after a lot of research into trading in general and right now I'm nearly 100% in cash. Longer-term the prognosis is much better, but will depend on how far we go down after this Tuesdays train wreck.
Investors Business Daily is a good resource for strong growth stocks to purchase. Check their top 100 list. Just don't purchase until you see a bullish confirmation in the market indices. The founder of the company has a good book on determining when this occurs.
In the short-term, look for defensive stocks such as utilities and 'medicine-cabinet' stocks - companies that do well in poor economic conditions.
You can also check out our website. We have a free 2-week trial of our stock picking newsletter which has done real well over the past couple years and uses techniques that have worked well for more than 2 decades.
Brian C Neall
Founder - www.tradetobefree.com
2007-03-01 07:33:42 · answer #1 · answered by bnjavapro1 1 · 1⤊ 0⤋
almost every answer in here is wrong. Toyota may be strong in US car sales but they are Japanese based and that country is in a third straight day of triple digit decline in their market. Reits are a problematic with the "exotic mortgages" which are finally starting to show why they should be outlawed. Tech is also asia and guess what....HAMMER TIME! Good thing I sold out of my tech soon after Vista hit the market (tech had a great run time to leave it good move too)
bnjava offered a bit of good advice but not sure if he saw a shot at plugging his website (which i'll take a look at as well)
right now the so called "best stock" is totally defensive plays all time rock solid companies like GE Procter and Gamble and the like. Bue even then I am not ready to pull the trigger on them.
2007-03-01 15:00:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
All stocks follow the market to some degree.
Don't overlook the main market trend.
During bear markets, or tuesday correction, even the best stocks tend to go down.
Viceversa for bull markets.
2007-03-01 07:46:48 · answer #3 · answered by Carlos G 3 · 0⤊ 0⤋
REITs and quality homebuilders like MDC and BLDR. Real estate stocks took the brunt of the hit on Tuesday, plus they've been struggling lately anyway due to all the concerns. But when real estate picks up again (or is even rumored to pick up again) prices on these solid companies will soar.
They're pretty volatile anyway; whether you want to hold long term or do a quick trade for profit, I like these stocks.
2007-03-01 06:57:59 · answer #4 · answered by lizzgeorge 4 · 0⤊ 1⤋
No such thing as: “Best” or “Right Now”
When I finish posting my replay would be older then “right now”
“Best” is relative; best to you, me, someone who is in their 60’s or 20’s. Best in a sense of risk or return on investment.
“Stock” where: US, Canada, EU, Asia . . .
In what market: pharmaceuticals, energy. . . .
If you want a good advice Abhive19 take a trip to your local broker and have a conversation with him/her. Or try to elaborate on your question, give more detail so that we can fully understand your question.
2007-03-01 06:59:45 · answer #5 · answered by J 3 · 0⤊ 0⤋
Texas Instruments
2007-03-01 06:46:26 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I like toyota and honda
stay away from companies that are losing money of make things that are outdated.
2007-03-01 06:47:12 · answer #7 · answered by brainiac 4 · 0⤊ 1⤋
How long are you going to hold it and how much risk can you take?
2007-03-01 07:59:43 · answer #8 · answered by Anonymous · 0⤊ 1⤋