There is still a lot of uncertainty with the debt deal in washington and with the US having lack luster growth with the rest of the world. I would recommend putting together a list of dividend names and other stocks you might want to buy if we go into a recession due to tax increases and reductions in government spending.
We saw what austerity did to the EU, do we have much reason to think it will have a different effect here?
There will be opportunities, so now is the time to make a list and check it twice or thrice … or more.
Here are some ideas from the Stockguy22 Scans & Tools. It’s available real-time and at the end of every day.
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I like a potential break out on debt deal with continuation. Energy from waste is also a good sector to be in, though in the short term cheap natural gas might slow it. CVA pays a 0.15 dividend.
Offshore oil and gas drilling support provider. An 0.18 dividend and an interesting sector to be in.
Not a nig fan of retail clothing – but worth a try into the 200 day I think.
Housing recovery play – HD believes in them. Chart is strong and looks ready for a leg up on a breakout.
Offshore drilling, volatile to say the least, HERO acquired some assets from DO in March 2012. HERO is the cheap play – this is the dividend play. Pays $0.75 dividend. Is it risky? Yes. Backlash from BP spill and other spills, but on thing is for sure, the black gold must flow.
Risky but a lot fo people are short and this could get ugly for them over $40. SBUX, competition and k-cup patent expired. My wife spends $100 a month on this stuff, better than $100 a week at SBUX.