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:
Dividend Growth Stocks News
- 3 Dividend Stocks With 100+ Years of History and Sky-High Growth - Yahoo Finance - 7/22/2025
- 10 dividend stocks with yields up to 6.92% and cash flow to increase payouts - MarketWatch - 7/22/2025
- Best Dividend Stocks Trusted Stock Signals - Outstanding capital appreciation - jammulinksnews.com - 7/22/2025
- Best Dividend Stocks Real Time Profitable Trades - Free Market Dynamics Reports - Autocar Professional - 7/22/2025
- 13 Best Dividend Stocks to Buy Under $20 - Insider Monkey - 7/22/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
- Emerson Electric Co. (EMR) Dividend Stock Analysis - 7/11/2025
- Amgen, Inc. (AMGN) Dividend Stock Analysis - 6/27/2025
- W.W. Grainger, Inc. (GWW) Dividend Stock Analysis - 6/20/2025
- Abbvie Inc. (ABBV) Dividend Stock Analysis - 6/13/2025
Buying Stocks On The Rebound: Four To Consider
Posted by D4L | Tuesday, October 21, 2008 | analysis | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.