After the Dow suffered its largest one day point loss in over 5 years many investors are worried about what to do next. In my opinion, I believe that the Dow will hold up at this area (12300) but the increase will not be achieved as quickly as it was in the later part of 2006.
As for what stocks to invest in, I look to our rating system called the MGR Coefficient. By looking at over 25 diversified parameters, the MGR Coefficient creates a score which reflects the overall attractiveness of a security. These parameters consist of many different variations of investment research including detailed technical analysis and in-depth fundamental analysis.
Here are the top 3 rated stocks according to the MGR Coefficient to date:
#1. GRMN - score from 02/26/07
#2. AXR - score from 02/03/07
#3. GIGM - score from 01/25/07
I believe these 3 stocks should outperform the general indexes in the next few months.
I also believe that oil plays will prove to be profitable, as oil is now holding above $60 a barrel and looks like it will be heading higher. A good oil play in my opinion is USO. A good description of USO can be found at http://finance.yahoo.com/q/pr?s=USO, which reads:
"The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil. The fund is nondiversified."
Wednesday, February 28, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment