Monday, December 8, 2008
Stock Picks This Week
Remember when I told you it was time to buy? Those buys will soon pay off. Citigroup (C) has been steadily rising. Ford Motor (F) bottomed at $1.30 and is now over $3.00. That's about 175% increase. and they will get bailed. US Steel (X) Bottomed at about $22.00 and is now $37.00. AK Steel(AKS) bottomed at $4.00 and is now about $9.00. Gerdau American Steel (GNA) bottomed at $3.00 and is now $4.30. It appears that crude oil is close to it's bottom and over the spring to summer months will be rising. So Exxon Mobil (XOM), Chevron (CVX), and Conoco Phillips (COP) should all be good buys.
Even if you bought any of these stocks in the last month or so and they have dipped lower. They should come back even more and give you gains. The Obama presidency will at least temporarily help the market. Huge down days will help you buy cheaper and extend your gains as the markets overall go up. Commodities and bank stocks will continue to be volatile. Volatility can help if you buy into them right.