The Dow and 13000
Michael is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
The psychological barrier of closing above 13000 was made this week. My opinion is unless we have a pull back in energy prices the continued growth of the global economy will be muted. So what now? I'm going to share a few of my favorites picks with you to buy now or on the dips.
With the boom in cell phones, notebooks and tablets Corning (NYSE: GLW) is selling at a good entry point for me. I think their Lotus Glass will be a good seller for the next generation liquid crystal display (LCD) and organic light emitting diodes (OLED). No matter what the economy people keep buying the devices that incorporates Corning's products. An example of that is its Gorilla glass being used in Dell's (NASDAQ: DELL) new XPS 13 Ultrabook.
As far as auto's go let's not forget the suppliers. Even if you are like me and are going to drive your current auto until it dies, one still needs to buy tires! I believe that puts Goodyear Tire and Rubber Company (NASDAQ: GT)in a buy position. If people buy new cars or keep their old ones they still need tires. Goodyear tires are original equipment on many vehicles from Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Infiniti, Isuzu, Jeep, Lincoln, Mazda, Nissan, Porsche and Toyota, did I forget any? So what does that mean? If new cars sell or old ones need to have tires replaced Goodyear should be in a good position to profit from it.
My next offering is a Regional bank stock that should get you a decent return by the end of the year. Huntington Bank (NASDAQ: HBAN) is a small and well run bank that has a niche with their free checking and no minimum savings account. Big banks keep charging fees and Huntington Bank will gladly take their customers that walk away. This past week it also passed the Feds banking stress test.
Motley Fool newsletter services recommend Corning. The Motley Fool owns shares of Corning and Huntington Bancshares. mwm102 has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.