What are good stocks to buy that will peak in January?
I'm doing a school project in which I have 3 months (around January) and $100,000USD to invest in stock. What are some stocks on the New York Stock Exchange (must be NYSE, not NASDAQ or others) that will be doing very well in January? We cannot sell, only buy and then wait to see how the stock is doing at the end of the semester. People with the most profit get the most points for the assignment... So please help me out! Thanks so much. :]
Public Comments
- Agriculture is the sleeping giant, Getting pounded with rest of commodities, but the Chinese can quit building (steel, copper, etc), They have no hope of cutting back on food. My choice is potash (POT), also MON but that may take more than 3 months. Tell your prof that a 3 month contest only teaches gambling, he may as well have a course in craps, blackjack, and texas hold-em.
- What kind of class is this? Short-term trading strategy class? I am afraid your teacher may be doing a disservice by giving you guys the wrong impressions about the stock market. I hope you are doing this only as a fun exercise. First thing you want to do is think of the macro environment. We are entering a recession. You want to buy defensive stocks in a recessionary environment. That means consumer staples, utilities and health care. Are you allowed to invest in ETFs? These are traded in the NYSE too. I would try iShares Global Consumer Staples Sector Index Fund, ticker symbol KXI.
- I would try Best Buy Stock (BBY). It has been tanking right now, but a lot of signs are pointing to it seeing a nice surge. 1. Circuit City just went bankrupt which means that a lot of their business will be allocated towards Best Buy. 2. It's holiday season which means sales will increase. 3. Gift cards are the number 1 gift for the holiday season and Best Buy gift cards are very popular. 4. After the holidays, people often buy new electronics for the Super Bowl.
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