What are your preferred sectors now?
Now commodity, Auto, Financials, forest, telecom all are plummeting worldwide
Due to panic mood even outstanding banking stocks are coming down.
There is no doubt some sectors will have above average growth in the next 12 months and in the next 05 years due to current credit mess, property mess, commodity mess and financials mess.
I think some contrarian, value investors and those who invested on the future earnings were correct when we see current global route. Even during recession these stocks will perform extremely well.
In short some life time opportunity has created for some sectors from the present mess.
Did you identify good sectors and good companies?
Thanks in advance.
Best Answer
221 points
BryanPerry answered one year ago …
Believe it or not, I actually just established a basket trade in the highest-quality big banks.
I picked four names in particular that have recently traded higher on increased volume and have now come back down to near-term support, mainly because of Bank of America's (BAC) issues.
While BofA isn't a name I'm interested at this time, it provided the entry point for my Tactical Trader subscribers to get into the other names at great prices.
The four banks I chose stand to garner millions of new retail accounts as money keeps gravitating to the safest banks in the United States. I will say that there are some regional banks that we could also throw in the mix, but I stuck with four of the best names because they are the most coveted institutional darlings that are under heavy accumulation.
Answers
4085 points
EthanR answered one year ago …
One sector that I like right now is gold. Yesterday there was a great rally in gold stocks, due to the weaker dollar from interest rate cuts. I would buy gold ETF's or stocks on any pull back right now, especially because they have been beaten down so much in recent weeks.
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