right now I'm torn. Im thinking that I need to get into either a basic materials (I think overall we are in a 'commodities era' where they will be stronger than stocks. However, I dont trade commodities, so it seems the smart thing to own companies that produce.
I was thinking of Canadian Natural Resource (CNQ, a oil/gas company), or Alcoa.
Alcoa Id just ride up to 33-34, which i think can be achieved even in this market, then unload, and shop again.
I was also thinking of Sara Lee. Might be a good deal right now, if they shake things up a bit, maybe spin off some companies and start righting themselves more and more, then they may have some good times ahead.
I was also considering Eaton Vance. Seems like a safe comany no matter what, with good management.
Chevron is always tempting to me, because oil will only be more and more important, and they make some good oil, which means they are a decent company
I dont think I could go wrong getting into them.
I'm in LCAV and MRK since they were much lower. I bought MRK near bottom on panic, as a contrarian play - and have profited nicely. LCAV I bought right after announcing they were going to split. They are really conservative in opening new locations and do a lot of research before opening new spots. They do well, and the technology (Lasik vision correction), IMO will only get more and more popular. Im still holding them, and I think theyll keep returning nicely. The rest of my portfolio is rather ho-hum, but nice and secure.
But anyhow, Im sitting on a load of cash. Not necessarily a bad thing...