The current financial downturn has caused consternation for many investors. However, it does have a good side - it has provided access to stocks that have been overvalued for some time. Below are several stocks that I previously rated weak or avoid (0-3 Stars), but are now in the buy zone based on their current share price (as of 10/20/2008 close):
Caterpillar Inc. (CAT)
Last Reviewed: 9/10/2008
Previous Rating: 2 Star-Weak
Current Rating: 4 Star-Buy
Buy Below Price: $43.22
Current Price: $40.90
Chevron Corporation (CVX)
Last Reviewed: 8/20/2008
Previous Rating: 2 Star-Weak
Current Rating: 3 Star-Hold
Buy Below Price: $72.91
Current Price: $69.61
Johnson Controls (JCI)
Last Reviewed: 9/23/2008
Previous Rating: 0 Star-Avoid
Current Rating: 3 Star-Hold
Buy Below Price: $23.84
Current Price: $18.92
Integrys Energy Group (TEG)
Last Reviewed: 9/3/2008
Previous Rating: 3 Star-Hold
Current Rating: 4 Star-Buy
Buy Below Price: $49.95
Current Price: $46.78
Keep in mind, there are a lot of stocks out there that are still overvalued. If the downturn continues, we may gain access to them. As always, you should do your own research and reach your own conclusion before buying or selling any security.
Disclosure: No position in the aforementioned stocks.
Related Articles:
Buying Stocks On The Rebound: Four To Consider
Posted by D4L | Tuesday, October 21, 2008 | analysis | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
Double your money in a short time. Few investors would walk away from such an opportunity. Of course, there's no guarantee that any inve...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.