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Zacks highlights commentary from People and Picks Member «MightyMo».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Six stocks to percolate on: Intelligent & common sense non-random thinking
Momentum buying is a methodology where one buys a stock trending up, has gone quite a bit upwards for a good while, and has strong RSI. A stock that has moved up higher and is heading even higher.
It's works as about as good as any strategy in a roaring bull market. Here are some stocks to consider:
Home Depot ([url=http://www.zacks.com/stock/quote/hd]HD[/url]) - Stock is soaring as people are fixing up their homes and the market anticipates the upcoming housing rebound (need to stay ahead of the game, right?)
Starbucks ([url=http://www.zacks.com/stock/quote/sbux]SBUX[/url]) - There are always fools who don't mind paying outrageous sums of money for a cup of coffee. SBUX's margins are the best around and they do it better than anyone else; making you feel better while robbing you blind!
Altria ([url=http://www.zacks.com/stock/quote/mo]MO[/url]) - People are killing themselves buying this product; hell, someone should be making money on this other than MO, don't u think?
Cincinnati Financial ([url=http://www.zacks.com/stock/quote/cinf]CINF[/url]) - This insurance stock is at an 3 year high but has plenty of room to go even higher. Pays a nice dividend (4.63%) and has increased the dividend each year for over 25 years. Has shown great strength lately as it has even moved up on market down days!
Yum! Brands ([url=http://www.zacks.com/stock/quote/yum]YUM[/url]) or Darden Restaurants ([url=http://www.zacks.com/stock/quote/dri]DRI[/url]) - take u'r choice. Good strong eatery companies' stocks are very healthy. YUM taking China apart while DRI three major restaurants are feeding the masses. Also consider starlets Panera ([url=http://www.zacks.com/stock/quote/pnra]PNRA[/url]) and Chipotle ([url=http://www.zacks.com/stock/quote/cmg]CMG[/url]) and of course our favorite BIG MAC McDonald's ([url=http://www.zacks.com/stock/quote/mcd]MCD[/url]). (Hint, go with the one that sells Coke as someone once said it tastes better than Pepsi).
Microsoft ([url=http://www.zacks.com/stock/quote/msft]MSFT[/url]) or Intel ([url=http://www.zacks.com/stock/quote/intc]INTC[/url]) - take u'r choice. These two stocks that have laid low for 10 years now are being re-booted for growth. INTC owns the chip market and MSFT will someday own Yahoo ([url=http://www.zacks.com/stock/quote/yhoo]YHOO[/url]).
Options to above:
One can always buying the homebuilder stocks, Toll Brothers ([url=http://www.zacks.com/stock/quote/tol]TOL[/url]) or Lennar ([url=http://www.zacks.com/stock/quote/len]LEN[/url]) in lieu of Home Depot.
If the market darling continues to drop, getting King Apple ([url=http://www.zacks.com/stock/quote/aapl]AAPL[/url]) at a good price is always nice. If you already own AAPL, just hold it, the stock will always have big ups and downs but the overall trend is up. If you spend 10,000 on AAPL stock 5 years ago, it's worth over $50,000 today.
Disney ([url=http://www.zacks.com/stock/quote/dis]DIS[/url]) - This entertainment stock is on the move. Expect one hell of a summer at it's attraction parks and expect it to grow even more in movies and TV ownership. Excellent management is always nice.
Banking stocks will move up, abeit some near term concerns with foreign banking ratings and the Greek Mess. It'll go away and y'all with be pleased getting these stocks at a low price. Think Bank of America ([url=http://www.zacks.com/stock/quote/bac]BAC[/url]) and Wells Fargo ([url=http://www.zacks.com/stock/quote/wfc]WFC[/url]).
Disclosure: trade option positions or ownership in MO, DRI, MSFT, INTC, DIS, AAPL, BAC. Likely to own CINF very shortly.
The most recent picks by «MightyMo» are:
A sell rating on Walgreens ([url=http://www.zacks.com/stock/quote/wag]WAG[/url]),
a buy rating on Occidental Petroleum ([url=http://www.zacks.com/stock/quote/oxy]OXY[/url]) and
a buy rating on Brown & Brown ([url=http://www.zacks.com/stock/quote/trv]TRV[/url]).
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