SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
capital goods sector is working in this market - doesn't get enough love
47.47
+22.82%
08/24/07
like "smokestack" stock as a dividend-growth play now that the Fed is cutting rates - has a 2.2% yield (has a 50 year history of raising its dividend) & the price is right - 55% of revenues come from overseas - the weak dollar helps earnings - suggest buying with a 48 limit
47.78
+23.62%
01/30/08
would buy it aggressively here
51.11
+32.24%
05/12/08
is at a discount from where it should be - is really a "new" technology co - an innovative industrial growth stock - international sales (53% of revs) are growing 10% - emerging markets are now 30% of sales - will have $2.4B in free cash flow this year that will be used for buybacks (11% of shares) & dividends (2.2% yield) - just reported a fabulous qtr & raised guidance but nobody cared - trades at only 16x earnings vs 15% growth - it's a complete steal & should be 60 - could go a lot higher
56.20
+45.41%
06/25/08
a great level to buy after recent weakness
51.08
+32.16%
07/02/08
oppty to buy down here
48.14
+24.55%
08/27/08
the market is wrong - should be 5 points higher - triple buy
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