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As much as it would be nice to be past the jittery market, the lemmings have dictated that the mid-summer will be the "big reset" so expect continued volatility. If something drops into range, you might consider buying it. These are stocks that I'm still adding to my positions. Look them up on Morningstar: ECOLAB (ECL) - These guys don't print money. They just clean up after the people who print money, and keep the mice out. In their sphere, they have no peer.
Amgen (AMGN) - No better company in the health sphere. Dinged for some advisories on its best-selling bio-pharmaceuticals it took a dive pre-market turmoil. Analysts goofed on the numbers (no big surprise) and the company announced a late-test drug is doing better than expected in clinical trials. Long term they are one of the dominant players in health care. Others will jump on the bandwagon once it gets up some steam, but will the guys on Fast Money tell you about it until after their clients are taken care of... Go to the bank on it. Ruth's Chris (RUTH) - Still the masters of the steak, their report was marginally better than their cautionary forecast in December. Still the shares took a HUGE tumble on the fear that they will be some bellwether of an economy in the dumper. The stock is still a $22.00 fair market value that you're picking up for currently about $7.60. Even if you generously, albeit incorrectly, sliced Morningstar's fair-value in half to 11.00, you are still left with a great company that you're getting at a decent discount to value. Truth is that you're getting it at a deep discount that is ill deserved. Morningstar needs to update this report, btw. Kinder Morgan Partners (KMP) - If Kinder Morgan Partners takes a dip below 55, dip in! A master limited partnership running commodity transport pipelines, they are continuing to build and grow. Richard Kinder makes his money on the same stock that you do. I also hold EPD, a darling of Jim Cramer, but I think it's relatively pricey and that KMP offers better value long-term at the moment. I wouldn't hesitate to buy if EPD took more of a hit into the 20s and had its yield pushed back up over 10% where I originally bought it.
HSBC (HBC) - The Hong Kong mega-bank is paying a juicy dividend that might get cut, but that would seem less likely. 1.1 Trillion in deposits in 83 countries, and they are one of the biggest banks in the gateway of Hong Kong to commerce with the rest of the world. IAC Interactive (IACI) - On a dip take this one. It will continue to fractionate into spinoff companies. The parts are greater than the sum. The shopping network will likely be bought off, which is good because it's not the big growth engine.
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