Nine Stocks for 2009
Ones to watch in the coming year.
Holding true to the optimism that only a New Year can bring, financial analysts across the country are sure to offer their “best picks for 2009” in the coming days. But before we get ahead of ourselves, let’s remind everyone of just a few of the recommendations they made for 2008.
This time last year, a certain TV celebrity was calling for the Dow to hit 16,000 in 2008. Goldman Sachs said oil was on its way to $100, and they were right on - right before they pushed their luck and started calling for it to hit $200. Google (GOOG) was being upgraded by everyone on the Street, and I can even remember a few calls for a $1,000 print for Google’s stock before 2008’s end. Gold was supposed to go to $2,000. Apple (AAPL) was headed to $300, Potash (POT) was supposed to hit $400, and First Solar (FSLR) was going to be a $50-billion company.
You get the point - so now I’ll make mine. It's difficult to know what awaits us in the stock market over the next week, let alone the next year. Sure, there are technical indicators and historical trends we can use as a guide - but if 2008 taught us anything, it was that we couldn’t have predicted just how volatile the market would become.
All that being said, let me just caution you to tread lightly with those “Top Stocks for 2009” lists. Do your homework, and stay on top of company performance and company news as the year progresses.
As a financial advisor, I would be remiss if I didn’t share some of the positions I have my eye on as we head into the new year. The following ideas are poised to move in 2009 - if the market cooperates. Yes, there's the rub: Remember, you need a market that's trending higher to buy and hold stocks, and we haven’t had a market like that for some time now.
We may be getting close, though. If so, here are my 9 ideas for 2009.
Green Mountain Coffee Roasters (GMCR) distributes coffees and teas, single-cup brewers and single-cup portion packs to supermarkets and food stores. As consumers tighten their belts and stop paying $6 for a coffee at Starbucks (SBUX), they're moving toward Green Mountain; the stock is poised to become a household name by the end of 2009.
Greatbatch (GB) develops electrical and power sources for implantable medical devices, such as pacemakers and neurostimulators. Quality Systems (QSII) develops healthcare practice and electronic records management software applications for medical and dental practices. Almost Family (AFAM) provides in-home nursing services and personal custodial care for recuperating and disabled patients. With the Obama administration’s attention to healthcare and the push for electronic medical records, all 3 of these companies stand to benefit from the incoming administration.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.