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Stock picks and pans for troubled times: Buy Apple, Kroger, General Mills

 Sep 19, 2008 04:30 PM UTC
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Graphic_arrow1 Via BloggingStocks:  

Filed under: Stocks to Buy, Stocks to Sell

Wondering what to do with your portfolio now? If you have some extra cash -- and a brave heart -- this could prove a good time to buy stocks, since they've been pounded so mercilessly.

Some investors have made great money this week on terrific calls that could have gone either way. But these were mostly short-term, high-risk trades. I'd recommend individual investors stay true to the familiar mantra: Buy what you know, buy solid companies with healthy balance sheets and strong cash positions, buy for the long term and don't fret timing so much.

Throughout this week, BloggingStocks writers have covered many stocks that look like good long-term bets:

General Mills (NYSE: GIS): Jim Cramer thinks General Mills could "benefit from the big storm," while Steven Mallas said this one is "a great way to tackle the bears." Other picks Cramer offered alongside GIS include Procter and Gamble (NYSE: PG), Colgate (NYSE: CL), Wal-Mart (NYSE: WMT) and Lowe's (NYSE: LOW).

Apple Inc. (NASDAQ: AAPL): It seems everybody likes Apple at this level. Todd Harrison, Cramer and Tobias Buckell all agreed. Douglas McIntyre thinks it could benefit from Palm's problems.

AT&T, Inc. (NYSE: T): With the help of the iPhone, AT&T has been increasing its subscriber base at the expense of Sprint Nextel Corp. (NYSE: S). Ivan Marchev said AT&T is a conservative income for the buy and hold investor.


Kroger (NYSE: KR): Steven Mallas touted this one as a good defensive play.

Microsoft (NASDAQ: MSFT): Mallas also likes Microsoft in this environment. He notes Oracle (NASDAQ: ORCL) posted some nice earnings, but thinks Microsoft or even IBM are safer bets now.

Oil ETFs: For investors willing to learn about oil drilling, Eric Roseman says there are some "ludicrous selling; terrific values' in the sector. He likes the iShares Dow Jones Oil Equipment and Services ETF (ASE: IEZ), Ensco International (NYSE: ESV) and Hercules Offshore (NASDAQ: HERO).

But along with picks, bloggers also issued some alarm bells as well. You should possibly avoid these stocks:

Sirius XM (NASDAQ: SIRI): This one got pounded. You may think it could be a good buy after the merger. But as Doug McIntyre reminds us, "The newly merged company has over $2 billion in debt and neither firm ever made an operating profit."

General Electric (NYSE: GE): You'd think there would be no more solid company than GE. But as a conglomerate it has exposure to many businesses, including the financial sector. GE may be attractive now, but figuring out the exposure from its finance unit could be too complicated and not worth the risk.

Evergreen Solar, Inc. (NASDAQ: ESLR): This one had a good day Wednesday following a bullish note from Citigroup. But Elizabeth Harrow cautions about the troubling fundamentals and Lehman-tainted losses on the horizon.

Circuit City Stores Inc. (NYSE: CC): Not all electronic retailers are created equal. While Best Buy (NYSE: BBY) continues to think strategically, Brian White cautions Circuit City is going nowhere.

 

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