Serious Money: Stable stocks beating S&P 500 - CB, DIS, JNJ, TEVA, XEL
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Filed under: Good news, Walt Disney (DIS), Johnson and Johnson (JNJ), Chubb Corp (CB), Teva Pharm Indus ADR (TEVA), Bargain stocks, Serious Money, Stocks to Buy, Israel, Xcel Energy (XEL)
It was July 1, 2008 when I first posted Serious Money: Five stable stocks for troubled times. The title speaks for itself. This update, after nine weeks and horrible market conditions, is through Friday October 3, 2008.
The index for comparison is the Standard & Poor’s 500 Index, which closed on June 30, 2008 at 1,280.00. The S&P closed Friday at 1,099.23 , down 14.12%.
Each of my five picks is beating the market and three of the five are actually up despite crushing news in the financial sector, unemployment and housing. Congress did pass a Wall Street backstop/bailout bill that President Bush has signed, but only after adding another 450 pages and $130 billion to the amount. Although the five stocks have averaged a 0.35% loss, as intended, they easily beat the S&P by 13.77%.
Here are the five stocks that I still think are worth considering. For my original rationale see the linked story above.
1) Johnson and Johnson (NYSE: JNJ) — when recommended, the stock closed at $64.34 and paid a 2.89% dividend yield. It closed Friday at $66.16 — up 2.75%. JNJ was featured in Barron’s this month as the most respected from the top 100 companies in the world.
2) Teva Pharmaceuticals ADR (NASDAQ: TEVA) — when recommended, the stock closed at $45.80 and paid a 1% dividend yield. It closed October 3 at $46.08 – up 0.06%. Teva (of Isreal) is the largest generic drug company in the world and just got bigger through the acquisition of Barr Pharmaceuticals last month.
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