Filed under: Microsoft (MSFT), Yahoo! (YHOO), General Motors (GM), Berkshire Hathaway (BRK.A), Walt Disney (DIS), Citigroup Inc. (C), Johnson and Johnson (JNJ), Chubb Corp (CB), Merrill Lynch (MER), Goldman Sachs Group (GS), Morgan Stanley (MS), Huaneng Power Intl ADS (HNP), Teva Pharm Indus ADR (TEVA), Lehman Br Holdings (LEH), Bear Stearns Cos (BSC), Intuitive Surgical Inc (ISRG)

Six months of 2008 are now behind us and the stock market has not been a friendly place to most investors. Stability that was once found in household names that were industry giants is gone, and they have now been brought to their knees.

Many of them were the stocks we might have looked to in the past for stability, so you can be sure I put forward my five candidates with a little trepidation, but forward I go anyway. First a little review is in order.

Citigroup Inc. (NYSE: C) dropped from around $53 per share last year to around $30 in January and we can buy it today for around $17. Even at that price Goldman Sachs (NYSE: GS) has downgraded it to a sell and thinks there is more bad news to come. Citigroup was the largest bank in the world. Not any more.

General Motors (NYSE: GM) was the largest car maker in the world. That was before the stock tumbled from $43 to its current $11 range. A crushing blow to long time investors hoping that someone in the company could stop the ship from sinking.

Continue reading Serious Money: Five stable stocks for troubled times

Permalink | Email this | Comments

Via [bloggingstocks]

Share This

This entry was posted on Wednesday, July 2nd, 2008 at 5:13 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.