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What is a good stock to invest in right now that the market is low and some stocks are dirt cheap?

04 Mar

GM is at $2 a share down from $50 a share, as is Ford, and Citigroup, and many others.

Which stock would you snatch up that’s dirt cheap right now?

 

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  1. Nina Patrone

    March 4, 2010 at 5:52 pm

    Coca Cola.

     
  2. Katie

    March 4, 2010 at 6:27 pm

    If I had money right now, I’d invest in two things: gold (from a good dealer, or on the market), and CVS, the pharmacy. Look into it. Both are performing well, and CVS is projected to grow consistently, despite the economic downturn.

    I am, unfortunately, broke right now, so I can’t take my own advice. Take my tip and run with it!

     
  3. Net Advisor

    March 4, 2010 at 6:28 pm

    Google the words “Value Trap” and then read my post history, and one will be running from these “cheap stocks”

    What does the outlook on Citigroup look stock-wise?
    http://answers.yahoo.com/question/index;_ylt=AucOBzqEl5eLR7xh927OChnty6IX;_ylv=3?qid=20090218092221AAH9cOF&show=7#profile-info-evZGc4wyaa

    Does citigroup goes to Bankrupcy?
    http://answers.yahoo.com/question/index;_ylt=AkgnH20GNfFxOwv6SZ0Ri0Dty6IX;_ylv=3?qid=20081120070122AAoolAp&show=7#profile-info-KpLq5sHvaa

    The Future of Citigroup (C)?
    http://answers.yahoo.com/question/index?qid=20090116193102AAHC5Wx&r=w&show_comments=true&pa=FZB6NWHjDG3N56z6v_2wXVfa7CgYyQyeGiNBJOS30KNFxZ7ij0Fnhw–&paid=add_comment#openions

    Follow the link history of addition info
    http://answers.yahoo.com/question/index?qid=20090226121432AAVjAc2&r=w#BaN_M2D0AnhGUqjJm65y

    edit:
    I don’t suppose anyone has looked at CVS’s balance sheet and HUGE debt? The company’s net assets is $3 billion in the negative.
    http://finance.yahoo.com/q/bs?s=CVS&annual

     
  4. Space Invader101

    March 4, 2010 at 7:05 pm

    GM is going bankrupt so its shares will soon be worth $0.
    Citigroup is in financial trouble and the goverment is buying stakes in it. Not good either.
    Ford is your best pick, but they’re still struggling too.

    I would say Bank of America (BAC), General Electric (GE) or Pfizer (PFE).

    They’re all in profit and GE and PFE’s quarterly dividends are very high.

     
  5. M M

    March 4, 2010 at 7:10 pm

    It depends on how long you’re wanting to wait or that you can wait. I can’t wait that long for every stock to go up, but for long term investments, there’s a wide variety of stocks that are down, and many will go down further yet. The Dow is probably going to go down somewhere between 6200 and 6700 before long. Yeah, we might have a rally before that happens, but that’s not going to last and all stocks will come down again! We’ll see more new lows, just like we did in October, then November and on through now. We just set some newer lows on Monday and Tuesday. I’d wait a bit if you’re looking for long term or even shorter term (six months or less) rewards. I’m in some now, and I’ve owned Ford in November for a while but sold for a profit after a couple of weeks as I needed the money!

    I have snatched up some stocks, and energy stocks, solars, natural gas, utilities, materials, and the automakers are probably good bets, but I’d wait a while still to get into to hold on to for a profit!

    If I have the extra money, I’ll be back in Ford again, Clean Energy (CLNE), some of the oil companies, the gold and silver mining companies, etc. Even Office Depot (ODP) and others will be good to get into one day soon enough again!

    Oh yeah, that young lady above is correct, CVS, the pharmaceuticals and others are good bets as well!

    One more thing, don’t listen to the people saying that the bottom is already in, because it isn’t. The bottom didn’t happen in November, it didn’t happen on Monday or Tuesday and it isn’t happening today! Two things to keep in mind: Other like myself have already said the market would go down further and it is. I know one guy that thinks it’s going to go down to 4,100. I don’t think it’s going that low, but it could depending on a variety of circumstances. Some think it’s going down to 3,000, others think 5,200. I think we’ll definitely see 6200 to 6700 before long, and depending on all the data, it’s probably going to go down further to at least 5400 to 5700. There have been so many people that said the bottom is already in on CNBC and elsewhere, but they’ve been wrong all along. Now they’ve been proven wrong again! Some keep on saying that! The bottom is coming soon, maybe here in March or April, perhaps as far off as August to November, but it could come as late a March or April of next year! So between now and next year, the bottom is coming upon the market and us and the economy! Obamas stimilus isn’t going to do enough, it won’t do it soon enough and businesses needed more tax credits than what they’re getting, and homeowners need them as well! The Democrats and Republicans have not done enough! There should be more tax credits for home improvements, especially those involving energy reduction, solar, wind, geo-thermal, alternative energy, etc. I really don’t want to even bother to think about all this mess, because it could have been avoided if Congress had acted sooner, and they could have, and Bush could have too. Even Clinton didn’t do enough and now we’re all paying, except for them. Obama isn’t doing enough either, and again, neither is Congress!

    If I and others who have said the bottom isn’t in yet say that the bottom is in, it most likely is! We’re not dumb!

     
  6. doofuss

    March 4, 2010 at 7:30 pm

    I suggest that you invest in Food Stocks (Heinz, General Mills, Kellogg, Campbell Soup, Kraft)
    Also invest in Household Product companies (Procter & Gamble, Clorox, Kimberly Clark, Colgate Palmolive)

    These are “Defensive” stocks and high quality companies. Many are at their 52 week lows and their earnings are higher than their dividends, which yield between 3% and 5%.

     
  7. itsjunglepat

    March 4, 2010 at 7:35 pm

    For investing purposes there are none.
    I’d only swingtrade or daytrade them at this point.

     
  8. World Class Investor

    March 4, 2010 at 8:19 pm

    In nowadays market crisis, forex is profitable.
    if you are serious and have no intention to lose your money in investment, you can google for HSFX Asset Management and start making consistent profits!