There are pockets of positive territory, however it just takes a little tenacity to find them. Defense is still a good sector to be watching and I have mentioned Lockheed-Martin on this blog before. I also like Northrup Grumman.
In Tech you should be betting on Google and Apple. On Aron Tasks’s The Real Story podcast one of his guests mentioned he believes over the next couple years Apple goes to $200. That seems like a very bullish outlook, but remember when Google was at $100 and everyone thought it was ridiculous to think they could go to $200 let alone $500? I liked Apple at $90…and I like it even here at $132. Buy one share or two shares. It’s worth it.
As far as energy stocks go, investors will want to concentrate on land drillers like Nabors and Schlumberger. Energy prices are showing no signs of slowing as long as we are still at war in Iraq and Afghanistan.
For those interested in retail, I’ll mention best of breed Sears but I also like a small gamble here as I speculate on Bluefly (BFLY).
There won’t be much action for the next couple months so if you are long, stay long and don’t panic into a sell. My timeline as always is 6-18 months. This gives the market enough time to correct and gives the individual investor time to buy more of a stock they like at a cheaper price.
At the time of this publication, I owned shares of Bluefly (BFLY) but no other stock.
