This is defined by
- Trading over its 50 day moving average
- It's 50 day moving average is higher than its 200 day moving average
- >$10 stock price
- >$500 M in market cap
- >100K average trading volume
EDIT: Nothing that is gold related (I've got a gold play), Nothing that is unprofitable, Nothing in biotech (I find that to be the scariest sector on earth since the FDA can destroy you in 1 fell swoop)
I have about 6 names, ILMN, SID, PBR (about to fall below 50 day), CLF, SDTH (I'm waiting for a pullback to add this one!), WMT, MA (BLK just broke the 50 day moving average today - sigh)
Here is the type of chart I'm looking for, so if you got one please add a comment with its symbol and if you know much about it, please write why you watch/own/like it.
It is pathetic that there are so few names that fulfill these minor requirements - this is true bear market action. Procter Gamble, Altria, MedcoHealth, etc - all safe stocks - don't even fulfill this... only Walmart ! :)
So if you've got any you're hiding that fulfill these requirements, please share it with the rest of us. My watch lists are running empty of candidates.
10 comments:
GENZ - Drugs (I own this. Solid drug pipeline, commitment to 20% long term EPS growth by management. Steps taken towards increased revenue and eps growth in the recent ISIS deal.)
AUY - Gold (I own this. High growth gold company with lowest cost production per ounce in the gold universe.)
JOYG - Infrastructure (Don't own it. Not sure if you classify this as coal although they make things used for coal mining.)
STT - Asset Management(I own this. Company has many similarities to Blackrock but I find the valuation more compelling. They cleared up many concerns in their last conference call about their exposure to bad debt and how it would impact their business going forward. Also stated rate reductions by the fed would help profitability in 2008.)
SID - South American Metal (Don't own it. Don't know much about it. I keep it on my metal radar along with the likes of RIO, RTP, MT).
The ones I mentioned that I owned are very close to their 50 DMAs right now so they may move above or slightly below by the time this is read and/or processed. I apologize if this rules them out.
DLB - Dolby Labs...yes, the guys who let you push the "Dolby Digital Sound" button on your old casette player to "clean up" the background noise. They are kicking ass licensing their sound technology to Video Game makers who want to offer the "theatre experience" with respect to sound quality of the games. The move to HD TV/Blue Ray/HD-DVD is big for them too as the sound quality has to keep up with the picture quality. Finally, they bought a small company that lets you create 3D movies (without having a special IMAX theatre). Recent movies which have licensed this tech from them are "Beowulf" "Hannah Montana 3D" (which has done phenomenal), and several more coming down the pipe thanks to the new-found popularity of 3D movies. Theatres are tripping over themselves to offer this in order to draw customers away from their home-theatre and back to buying over-priced movie tickets.
These are ones that I own and are still above the 50 day
BMRN - been good to me
XNPT - just picked this up a month ago
JOYG - a bit of a ride
BUCY - same as JOYG
Reader emailed me DAR and BVN as well.
Keep the names coming thanks - (been considering BUCY by the way on and off - have owned this in personal account at times past 3 years) I want to read up on the ones I don't know about.
AUY is cheating :) no gold stocks either lol.
Should of added, I try to avoid biotech simply due to FDA risk. I have only really bought GILD in personal account from time to time. Darlings can turn into busts very quick as DNA and CELG shows us, and the FDA can kill you overnight with 1 decision.
Also should of wrote, profitable companies!
I saw less risk in STT than BLK but maybe STT has more upside potential since it has more issues.
DLB - interesting - I think I must be mixing them up with someone else who I thought was a buyout candidate from private equity and that deal got nixed. Have never looked at it.
I'll read up on all these that I haven't heard of this weekend. Thanks.
a few of emerging market plays still fit the bill:
SID, CEDC, CMED, CTCM, FMX, CEL, PHI, TEVA
the rails: BNI, CSX, UNP
a couple that I know you follow:
WYNN, RTP
some random stocks I have in my watch lists, recommended by various analysts:
RTN, OI, NITE, AUXL, PRGO, INCY, CREE, CALM
a couple of energy plays:
SPN, UPL
and finally LUK, a BRK-B like stock I follow
Here's a list of current "bear market survivors" from Charles Kirk at The Kirk Report (btw I'm surprised that you don't link to his blog here. It's quite a good one IMO).
BCR, BLK, CEDC, CHTT, CMED, DAR, DKS, FFH, HP, ICFI, MEE, NLY, PDX, PRXL, RRC, SDTH, and TNE.
Obviously a few names I've seen you mention but some other interesting ideas as well.
How about IBKR sitting right above its 50 day.
I might dabble for a trade
I actually forgot to include one of my favorite names Flowserve (FLS) has recently posted blowout earnings and increasted 08 guidance -- popped nicely and is holidng above the 50 EMA.
Its a lesser known infrastructure play, but a good one at that. Have owned it in the past, but am just watching right now...
ben, I've heard of kirk report but haven't had time to read it. I am just swamped even with the things I do read. Only so much brain cells to split among so many sources. If you see anything of interest there feel free to post it here.
Parker, I've heard of IBKR but what is their advantage. I would think this type of bear market is going to make a lot of individual investors quit. Thats what happened by the end of 2002. The chart looks good, what competitive advantage or catalyst is driving them?
frog, yep Finerman loves that stock and its a good steady performer. Very few ways to play water which is going to be the ultimate shortage in next 20-30 years and I think it could be a "water" play along with infra. That's one I think should do very well for a long time.
Thanks for all the rec's... good to see there are at least 50 stocks in the US still alive :)
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