Stock picks and pans for troubled times: AAPL, COST, EWBC, IBM, YUM, PG …
Posted by: admin in Stocks Money News
Filed under: Apple Inc (AAPL), International Business Machines (IBM), Advanced Micro Dev (AMD), Colgate-Palmolive (CL), Costco Wholesale (COST), General Mills (GIS), Procter and Gamble (PG), Yum Brands (YUM), Freep’t McMoRan Copper (FCX), Stocks to Buy, East West Bancorp (EWBC), MetLife Inc. (MET)
No doubt, this week has made it more and more difficult to say anyone should buy stocks at the moment. Even in good, solid, dividend-paying companies. Many analysts and pundits have recommended investors to sell and stay away from the stock market for a while as they don’t see a bottom yet, only more declines.
Others believe the bottom is near and investors shouldn’t try to time it to buy good value stocks. But it seems they are fewer. It has also become a little more difficult to find stocks our bloggers call a Buy. Still there are a few:
Advanced Micro Devices Inc. (NYSE: AMD) — while AMD stock did not hold up very well recently, a positive development may encourage buyers as this week spun off its manufacturing business.
Apple Inc (NASDAQ: AAPL) — Apple fans have seen the stock getting pounded the past week, but today it was one of the big winners, jumping 9%. Sheldon Liber notes that “it has not traded at a P/E below it’s projected growth rate in years…” Apple is also expected to announce new laptops next week, including a low-priced model to better position itself among competitors.
Costco (NASDAQ: COST) — Costco reported decent same-store sales this week, and Steven Malls thinks that “Longer-term, Costco will do well.”
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