On Wednesday, 18 Feb 2015, the last time I blogged about stocks, I provided some stock picks. You may remember me saying: "So those are my picks, for now: NOC, IBB, MSFT, K, BP, and for the strong of stomach, HAL."
Here's what's happened since then.
|Symbol||2/19 Open||2/25 Close||% gain|
I wrote about these stocks on Wednesday. If you had bought each one of these symbols Thursday morning (20 Feb), at market open, and held them until the close of trade yesterday, you would have made 1.8% on your money in one week, assuming you bought equal dollar amounts of each stock. (If you had bought 100 shares of each stock, a disproportionate amount of your money would have been in IBB and you would have made 2.2% overall.) By comparison, the Nasdaq (.IXIC) rose 1.3% in the same time period, while the Dow rose 1.1%.
The market is due for a pullback (of 2% to 4%), so don't rush to buy any of these stocks right now. For the next week or so, you should be mostly in cash. (Why do I say that? Because the Nasdaq finished yesterday with a Relative Strength Index of 99.5. That's incredibly high. We're due for a correction.) When the pullback is over, all of the above names still have my blessing, although HAL and BP should be treated with caution (you should probably buy them only on an oil dip).
For the longer term, I like SIX (Six Flags) a lot. If it goes below $46, buy some and hold it for a few months (or years). It pays a 4.5% yearly dividend, has a great track record of growth, and the company is superbly managed. What's not to like?
Have you added your name to the mailing list? Why not? You might make some money.
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Grab a freebie copy while you can. I'll be tweeting it regularly. Retweet me for a free mention in my timeline (and/or in this blog; see recent retweeters listed below). Thanks!