* Worst June since the great depression.
* New home sales at levels not seen since 1991.
* Bell-weather companies like General Electric giving dividend yields they haven't given in decades.
* Consumer sentiment nearing a 25-30 year low.
I can go on and on...
The point is: it's time to start making a shopping list because there is blood on the streets.
Some companies I'm keeping an eye on as the valuations come in:
NKE: I think the selloff was overdone. It's best of breed, internationally diversified and looks attractive at present valuation.
CMG: Remember when this was a $150 stock. Well, that was 6 months back. Now in the low $80s, it looks compelling.
WMT: Could this be the year when Walmart finally breaks its 10 year churn to move to the upside?
GOOG: Great visibility into 2009 and 2010 with their display adverstising and mobile search initiatives.
ISRG: Now at a peg of 1.4, becoming reasonable on valuation. Their last guidance was weak, but the stock seems to have discounted that.
MVL: I won't go jumping into Marvel, but I do like what I see. Could it be a Disney in the making? I'm thinking theme parks, retail licensing, production services etc.
What's on your shopping list?
1 Comments:
I don't see alot of upside In GOOG.
It is 3-4 times overvalued in my humble opinion and that is why this market has marked it down off its highs.
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