This morning brought a mixed bag of economic reports that supplied fodder for bulls and bears alike. The unemployment report was flat and the headline durable goods number wasn't awful, but digging a bit deeper showed that the internals aren't pretty. The data shows us an economy that may be better, but still not good. There is fear of further declines in the economy and in the stock market. I won't make any predictions (as I have a flawed macro crystal ball), but I am taking steps to be ready if there's a larger inventory-creation event.
So, I screened stocks with the highest 12-month performance rankings from Standard and Poor's that are also trading below book value. The ensuing list would make a solid portfolio all its own, regardless of market performance in the second half. These stocks are cheap enough to be long-term winners, and one of the best and oldest research services on Wall Street believes they will outperform in the near term as fundamentals improve....369 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.