Stocks For 2008
Its been a roller coaster ride for most investors on Wall Street in 2007. While we are nearing the end of the year, its a good idea to start looking ahead for 2008. Harry Domash from MSN Money had a great article on MSN today. He was using a system to determine which stocks look like a good bet in 2008. After reading the article and seeing what companies he has came up with, I would be willing to invest in any of these 8 companies that he has came up with for 2008.
8 Stocks For 2008
Merrill Lynch (MER)
Bear Stearns (BSC)
Starbucks (SBUX)
Capital One Financial (COF)
Kohl’s (KSS)
Home Depot (HD)
Forest Laboratories (FRX)
Morgan Stanley (MS)
I like these stocks for 2008 and beyond as well. I really like stocks I can invest in for now and know that they will be making money for me in the future too. I think most of these stocks on his list have bright futures.
You can see a lot of broker companies on the list and I have always felt like most of these stocks will hold value. Merrill Lynch is a little over $53 a share right now and Morgan Stanley is close to the $50 mark per share. These are two companies you can invest in and obtain more shares than you could with the other broker that is on the list (Bear Stearns). Bear Stearns is over $90 a share right now and your money won’t buy as many shares with them, like you could with the other two companies. I think Merrill Lynch and Morgan Stanley would be the better buys right now and I would leave Bear Stearns off my list, if I was limited on my investment dollars. You can’t always judge by the share price, but in this case I believe Morgan Stanley and Merrill Lynch are a lot more attractive than Bear Stearns. So if you can only afford two here, leave Bear Stearns off of your list for now.
Starbucks is a $23 a share stock and the sky is the limit for this company. So many great things can be said about Starbucks, but it’s their Asian market that interests me the most with Starbucks. I think the Asian side of this stock is only at the tip of the iceburgh right now and a lot more growth will come from Asia over the next decade or so. Starbucks might be the best stock for the next 10 years and not just 2008.
Forest Laboratories is a first class drug maker and they help produce name brand and generic drugs. Some of the drugs they are associated with are Lexapro, Namenda, Benicar and Campral. The shares are under $40 and this is a solid play for 2008 and can help fill the drug sector for any portfolio.
I think Capital One Financial is a great play in the credit services. Mastercard is the best one to choose in my opinion, but Capital One Financial is right behind them and should be up in 2008.
I do like Home Depot and Kohl’s but these might be the two stocks on the list I would shy away from. Their 2008 outlook might be bright, but I have my concerns over the next 3 to 5 years. I think both companies will continue to move forward and help investors make money, but I just see a lot better choices as of right now. If you take Kohl’s, Bear Stearns and Home Depot off the list, then I really like the list of only 5 stocks for 2008. So if investing in all 8 companies is out of the question, see if you can find a little extra money to invest in 5 of these 8 companies that are projected to do well in 2008.
My Picks For 2008 (from the list by Harry Domash)
1. Starbucks
2. Capitol One Financial
3. Forest Laboratories
4. Merrill Lynch
5. Morgan Stanley
I would invest in these stocks in that order. All 5 of these stocks has a great 5 year outlook and wouldn’t just be a stock for 2008.
Please be sure to do your homework and analyze each one of these companies for yourself, so you can add the company or companies that best meet your investment dreams and goals.