Beat the market -- BUY 3 more on the dip
Beat the Market is a series on stock picking, portfolio management and keeping score. Wall Street Survivor will keep score on my picks not only against the market but also against the other contributors to MSN's Top Stock Blog.
Yesterday the market took a little dip but has not shown signs of reversal so it may be an opportunity to pick up 3 more stocks at lower prices. Today's picks are Limited Brands (LTD), Korea Electric Power (KEP) and Factset Research (FDS) and here's why:
Limited Brands (LTD) purchases, distributes and sells ladies', men's and children's clothing. BarChart rates the stock a 100% BUY on 13 of 13 technical indicators. The stock has hit 12 new highs in the last 20 sessions with a recent 5 for 5. A 46% price appreciation in the last 65 days and can be bought around 17.40. BUY with a 14.50 stop loss.
Korea Electric Power (KEP) generates and supplies power to both industrial and residential customers in Korea. BarChart rates the stock a 96% BUY on 12 of 13 technical indicators with 1 HOLD. The stock has hit 15 new highs in the last 20 sessions with a recent 5 for 5. The 65 day price appreciation has been 28% and can be bought for around 14.65. BUY with a 13.00 stop loss.
Factset (FDS) supplies global economic and financial data to analyst, investment bankers and financial professionals. BarChart has it a 100% BUY on 13 of 13 technical indicators. The stock has hit 14 new highs in the last 20 session with a recent 5 for 5. The 65 day price appreciation has been 46% and it can be bought around 70.25. BUY with a stop loss at 57.50.
Jim Van Meerten is a full time investor and blogs on Financial Tides, MSN Top Stock Blog and Seeking Alpha among others. Please give your comments below or at FinancialTides@gmail.com
Disclosure: I do not hold physical positions in any of the stocks I blog about but for accountability hold them in portfolios evaluated by Wall Street Survivor and Marketocracy.