MoneyMiser Picks

So Cisco's guidance spooked the street, and may drive the NASDAQ into bear market territory. In the long run that's probably a huge buying signal. In the confines of this game though...

I'm tempted to hold here, and see what happens. I think there has to be a tech rally coming. There's just too much of a shift toward the internet and wireless devices for there not to be. JDSU's stellar performace should be part of a larger catalyst, instead of standout performer in a down market.

The 4 horsemen of the NASDAQ, and some of their squires like RIMM and EMC, are all essentially value stocks now. If you start to build a position at these levels, you'll probably be smiling in the next 2-3 years from 50%+ long term capital gains.

Oil and gas stocks are starting to look attractive again. Microsoft's stockscouter has Chevron, Oxy, and Haliburton on its 9 and 10 rankings. And in the Natural Gas sector, stockscouter has Chesapeake Energy on its list. I bought some of them to start the week as natural gas prices dipped from last week. That story should reverse as we get another blast of cold coming in at the end of the week, and CHK and even the ETF for U.S. Natural Gas (UNG) may be worth a serious look.

As for Gold, I have a feeling with the recent comments about inflation fears from two Fed Governors, will help move GLD.

Comments: View Comments |  Wednesday February 6, 2008  |  Stocks: EMC, GLD, JDSU, RIMM, UNG,