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These are the top 10 stocks that you must buy… at least according to Fortune Magazine. I’d take their advice, they’re usually pretty accurate. One of the best kept secrets of the market: When you make the news, you get to choose whether its good or bad. I’ve included links to details on both the companies and their stocks… Happy trading!
1. American International Group (AIG)
3. ConocoPhilips (COP)
4. Diamond Offshore (DO)
5. General Dynamics (GD)
6. Joy Global (JOYG)
8. J.P. Morgan Chase (JPM)
9. Radio Shack (RSH)
10. Southwest Airlines (LUV)
This thing has 2 Comments
These are typical stock picks and I agree too. Where do you feel the economy is headed? What types of industries do you think will be the key players in 2007? Do you feel the housing market will get any better? Or just remain in a slump?
Great comments! As for the general direction of the economy… I think we’re on an upswing. I can’t say for certain how high things will go, but I do believe that the economy will improve straight up until the election in 2008. At that point, its anyone’s guess.
As for industries to look out for: I’ve always been a big fan of the biotech sector. I’ll post more on this later, but biotechnology is going to open countless doors in the future. We’re on the brink of a very serious revolution in that field.
Housing: Eventually the new construction will stop, and people will start moving again, but not for another year or two. However, now may be a great time to buy if you’re looking for a long-term investment property.