a summary of various stock recommendations from various sources.

Thursday, January 8, 2009

Thursday Jan 8th daily stock tracking

Investopedia - 5 Low P/E Stock Picks. Abercrombie & Fitch(ANF) P/E 7.02, American Express(AXP) P/E 9.23, Corn Products(CPO) P/E 8.65, Deere & Co(DE) P/E 8.38, OfficeMax(OMX) P/E 9.43.
The Motley Fool - Large-cap value stocks could be the best this year. Google(GOOG) is trading at about 19x earnings, it has a huge moat from competition, $14 billion in cash, and an estimated 21% annual growth rate going forward. If the economy gets worse in 2009 this stock will survive, if the economy recovers big reward.
Street - Cramer had a nice article about Sears(SHLD) not being as all the negative press its been getting, they have plently of cash to buy back shares, and are looking to close less profitable stores. With the eventual retail recovery they will be well positioned. He also recommended Trinity(TRN), Quanta Services(PWR), Owens Corning(OC), and Caterpillar(CAT), but (CAT) has run up too high, wait for a pull-back to $40 before buying. Bull on - dryships(DRYS), HJ Heinz(HNZ), and Mas Tec(MTZ). Upgrades - Lennar(LEN), Urban Outfitters(URBN), Mylan(MYL) target $13. Walmart lowered guidance and Costco's profits are down 4%, even the "best" retailers are getting hurt. Health care update - Intuitive Surgical(ISRG) announced weaker than expected earnings due to hospital spending cuts, shares fell to $99.75, the lowest point in two years. Hologic(HOLX)fell to $11.43, but still maintained a "buy" rating, and Varian(VAR) fell to $30.04 its lowest in five years and target was lowered to $39. Another positive mention of Fluor(FLR) this seems to be a favorite infrastructure play
TheStockAdvisors - Fast food favorites, (MCD) is the strongest with a good dividend and expansion plans into China, (YUM) and (BKC) are also worth looking at.
Investment U - recommends First Trust/FIDAC Mortgage Income Fund(FMY), this fund holds "good" mortgage-backed securities, and pays an 8% dividend while you wait for the housing market to recover which will send the shares higher.

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