Ten Stock Picks For Q1 of 2009
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
Warren Buffett
What better segue into my Top 10 Stock Picks for the first quarter of 2009 (appropriately published in early December of 2008 so I’ll have time to be proven wrong before turning the calendar)?
Seriously though, there are a few stocks that have kept nagging at me for a peculiar reason … they’ve been rising despite a choppy-to-bearish market. Not that it proves everything, but actual performance is more spendable than theoretical performance.
As always, I’m not getting married to any of them, unless they continue to go higher indefinitely. If the usual case is the case this time around, I’ll be holding one or two of these by the end of 2009, and I’ll have sold one or two of them before the end of next month. All the rest will fall out of my favor somewhere in between.
As Buffett mentioned, you can’t buy what’s popular and expect to do well. That’s why most of these tickers are probably new names to you. That’s my affinity for small and mid caps kicking in. Of course, small and mid caps are where we’ve made the bulk of our money, so maybe Buffett’s got the right idea.
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Compucredit (CCRT)
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AirTran Holdings (AAI)
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BJ’s Wholesale Club (BJ)
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Dollar Tree (DLTR)
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First Niagara Financial (FNFG)
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Marvel Enterprises (MVL)
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Sherwin Williams (SWM)
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Tellabs (TLAB)
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Wal-Mart (WMT)
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Amgen (AMGN)
No real surprises, and no built-in landmines. Some major names, but more minor ones. Nothing you’d be ashamed to suggest to your grandmother… even Amgen, assuming your grandmother needed a little bit of growth (which she does).
The charts for all these stocks look reasonably healthy; the fundamentals don’t look quite as solid, but given the economic situation, we can’t expect a whole lot. More importantly, we have to bear in mind we buy stocks for where they’re going, not where they are.
Put ‘em on your radar for now; we’ll be detailing all of them by the end of the year… what we like, what we’re worried about, and possibly even suggesting price targets (for those who choose to trade them).
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