Wednesday, August 29, 2007

Wednesday's Stock Pick - August 29

Take advantage of yesterday's weakness-its a natgood idea to look for high value stocks at a bargin.

Watch: The weakest sector is still the financial services. Lehman Bros., is a value stock right now. Remember that there is still "tightness" in the credit market. With a current price of 53.625, I think LB will drop down to about 52.25 by the end of next week.

Buy: Altria (MO)- News should come out shortly about its international tobacco unit, can you say spin off? Garmin LTD (GRMN)- Its M&A season. Semtech (SMTC) - They release earning reports today and I believe that they will "beat the street", new LED drivers are a big seller.

1 comment:

Unknown said...

Looks like the tobacco thought was right. The post was up before the announcment was made.