Rabbit
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That is what sources such as Wall Street Journal, BusinessWeek, Fortune, and Forbes are for. Each make lists, comparisons, and give news on featured companies or industries. Part of the idea is to see the value of such things as the Dow Jones indexes or the Standard & Poors 500 (S&P is owned by the same company as BusinessWeek, so it is their index), and of course Forbes and Fortune are famous for their lists too. The idea is that you will eventually see something about some company or group and it floats your boat, so you say, "I want a piece of that!" The nice thing about these sources is that, contrary to the spammers who send you stupid stock tips in their most recent 'pump and dump' program, the likes of the WSJ, BW, and such will tell you about companies that often are profitable or about to turn profitable and with solid, publicly-scrutinized resources. When people were screaming about Enron or Tyco, I read it in the WSJ and BW months before.
Of course you don't just buy on news, I did that after a series of great reports on Corning, so I bought some. It fell and fell and fell. About the time I would get ready to sell it and cut my losses short, there would be another article about their great prospects, so I would hold a little long and it simply fell some more. Two days after I finally gave up, it started up. Eventually, it passed the place where I got in, but the market was completely contrary to the news because all the reports on the stock's rise were about problems Corning faced. That is where the lists become valuable, diversification--when selecting a basket of good stocks, some will always be down and some will always be up, but if they are good companies, the whole thing will average better than common junk. |
muncie birder
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What one person considers a "good" buy another may not. Now on Yahoo finance, you will find a list of broker recommendations for each stock. For example JNJ, here is the link.
http://finance.yahoo.com/q/ao?s=JNJ
7 think it is a strong buy, 7 think it is a buy, 9 think it is a hold, and 1 thinks it is a sell. From this example it would appear that lists of good stocks to buy are not worth a great deal.
If you are interested Zacks will email you a daily list of stocks they think are good buys. Go to their site and sign up. |
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