Stock picks and pans for troubled times: RIMM, ED, ISRG, GLW, LEA, SLB, GOOG …
Posted by: admin in Stocks NewsFiled under: Google (GOOG), Dell (DELL), Sirius Satellite Radio (SIRI), Schlumberger Limited (SLB), Consolidated Edison (ED), Corning Inc (GLW), Research in Motion (RIMM), Stocks to Purchase, Stocks to Sell, Intuitive Surgical Inc (ISRG), Northrop Grumman (NOC)
The question on everybody’s mind this week was when will the declines end? Was that the so much talked about capitulation? Have the stock markets bottomed?
Well, I can’t answer that, and suffice it to say that many market analysts, fundamental and technical, are still quite gloomy. Pretty much all we have the ability to do in this time is hope for flat performance from a few select stocks, which perhaps would yield good returns once the economy starts rebounding and the bear market has finished its course.
Here are some picks and pans from the past week from BloggingStocks contributors:
Research in Motion (NASDAQ: RIMM) — Steven Halpern brought a recommendation from one of The Forbes Wireless Stock Watch advisors, Nikhil Hutheesing. In Hutheesing’s words: “In the long run, smart investments this day will lead to profits down the road. One of those companies, that I now think looks attractive, is the Canadian maker of the BlackBerry.” Not only is RIMM’s corporate business strong, it is also working on getting its phones to consumers. In addition, it has lots of cash and tiny to no long-term debt and great prospects, what the advisor is looking for in addition to value and fundamentals in this environment.
Lear Corp. (NYSE: LEA) is an auto parts supplier. Jamie Dlugosch bets on a bailout for the auto industry here. Today, Lear has a $110 million market capitalization, down from its peak within the last 52 weeks of $2.6 billion. If the bailout finally happens, owners of LEA could benefit greatly.
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Stock picks and pans for troubled times: RIMM, ED, ISRG, GLW, LEA, SLB, GOOG … originally appeared on BloggingStocks on Fri, 21 Nov 2008 18:00:00 EST. Please see our terms for use of feeds.
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