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PRGO is my Favorite along with a couple of Growing Banks.

Feb 11 2008

Perrigo Company (PRGO) is a company that produces a number of pharmaceutical type products including over-the-counter, prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients, and consumer products. This is a pretty safe area to be in during a recessionary period. The company recently beat estimates by 2 cents and has rising revenue and earnings estimates on a quarterly and yearly basis. The company has had a nice run over the past five days so I would be a little catious of a pull back. Buy some now and if there's a pullback, buy some more.

The other area that looks ok to be in is gold. You can run with the GLD exchange traded fund to be safe or go with one of the two miners that are doing well,  Barrick Gold (ABX) and Newmont Mining (NEM). They are both large companies with rising expectations. Of course they follow the commodity itself so waiting for a down day in gold is a good time to buy.

For the final set of stocks I am going back a week and a half or so to when the banks were doing really well and all of them were going up including the REITs. Those days ended quickly last week. But there are two banks that really stand out for the rising expectations and strong chart trends. Annaly Capital Management, Inc. (NLY) is the better of two with a great dividend and a better chart. The banks should continue to rally as interest rates have come down and they can be more profitable in this low interest rate environment. The second bank is State Street Corp. (STT), also a strong company but the dividend is smaller and the stock has not performed as well as Annaly. Annaly was recently held back because of a secondary offering at $19.25, so it's really primed to move higher in the near term.

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