Friday, May 2, 2008

Friday Afternoon Stock Picks

If you had purchased one share of each of the stocks I had recommended in March, you would have made four dollars and twenty eight cents. That sounds much more impressive if you had purchased two hundred shares of each of the stocks I'd recommended, in which case you'd have made eight hundred and forty-six dollars from simply following the advise of an unqualifed person you don't know. So here we go again.

McDonalds-MCD-60.95

Why You Should Buy: Whether you believe the country is in a recession or not, it is a statistical fact that people are spending a lot less money on restaurants. What people are spending money on is fast food, when somebody is feeling the economic pinch, one dollar fries look pretty good. What better fast food chain to buy then McDonalds, which serves 54 million people a day?

Harley-Davidson-HOG-39.04

Why You Should Buy: A very stable stock, most Harley Davidson motor cycles weren’t bundled as a security and aren’t being leased. Sales might be stalling now, but I think the stock can rebound and this will be a good time to get in.

Parker Hannifin Corp-PH-81.98

Why You Should Buy- The tech stocks in general provide a good refuge from the shaky financial sector. PH is a cut above the rest of the group because rather than just marketing the “updated” version of a product everyone and their brother has, PH is actually an innovator in the field of motion control and electromagnets, something the tech stocks seem to be lacking in this world of cookie cutter companies.

99 Cents Only Store-NDN-9.65

Why You Should Buy- The reasons I pick MCD all apply to NDN as well. People are willing to buy the “Dupercell” battery over the “Duracell” because they want to save money. NDN is the epitome of the Wal-Mart idea, always low prices. Literally everything is 99 cents and that will make this a great and recession proof pick.

No comments: