Zacks highlights commentary from People and Picks Member «MightyMo».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Featured Post
Stage 3 of the Bull Market: Are You Ready?
“Sell in May and go away” is a conventional saying that it NOT applicable this time around.
The better one is “Don’t Fight the Fed”. The Fed is absolutely determined to ‘make’ the market go up. Do not expect any interest rate increases this year!
The first quarter was a mess with all the disasters and world unrest and debt issues and yet the market continued it’s climb. Don’t expect the 2nd quarter to be as bad with world-wide disasters as the first and follow the FED’s lead.
We called the first two stages of the bull market. We came in on the market in late March 2009. We called a second stage of the bull market in Sept 2010 and now we’re confirming the third stage today(Apr 29). It actually started on Tuesday, Apr 26 with the DOW at 12553.
We’ll have some turmoil, we’ll have some very minor corrections, but overall it’s a BULL MARKET. This market has legs….
That said, it’s different than it was two years ago. One needs to proceed with more caution than in the last two years when it was easy pickings to buy stocks with strong momentum and let it continue. Today one needs to get some of the profits of the last two years and put them in safe and solid companies that have a good track record of paying decent dividends. (see post ‘ “A new Focus, a different Direction”).
Your portfolio needs to be a mix of super-growth stocks and low-beta high yielding safe stocks. One wants to continue to profit but also to ‘preserve capital (profits). One needs to take ‘a little off the table’ when it appears a minor correction is immiment.
One needs to apply good management techniques and adhered to in-the-box market wisdom such as’ never let a profit turn into a loss’ and ‘cut any losses short – your first loss is your best loss’. If a stock takes off, take a little profit. In the overall bull market, if your security is climbing but takes a small dip, buy a little while it’s on sale.
It’s the beginnig of the third leg of this wonderful bull market. Oil is a concern and might not peak until July. Follow the trend and keep making money. However, be prudent and use good sense in your portfolio trading…
Those who taut ‘gloom and doom’ will continue to do so. It will only help you. Don’t listen to them. Where would you be if you listened to them the last two years. They help you to keep the market on an even knell.
The most recent picks by «MightyMo» are:
A buy rating on Cognizant Tech (CTSH),
a buy rating on Baidu.com (BIDU) and
a buy rating on Deckers Outdoor (DECK).
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870
Follow us on Twitter: http://www.twitter.com/PeopleAndPicks
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867.
BAIDU INC (BIDU): Free Stock Analysis Report
COGNIZANT TECH (CTSH): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
Zacks Investment Research
