Barron's Stocks That Represent A Huge Buying Opportunity
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Date updated:01-19-2008

The good news is that barring a deep recession or financial catastrophe, stocks could be approaching a huge buying opportunity. With the Standard & Poor's 500 index down 9.8% this year, to 1325, the index now trades for little more than 13 times projected 2008 operating earnings. That's one of the lowest price/earnings ratios in the past decade. At the market low in 2002, the S&P traded at 15 times forward earnings.

symbol name last price % change open
  • +
  • M
    Macy's Inc
  • $16.27
  • 0.00%
  • $N/A

Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

People owning M also tend to own: CSCOJCPKSSTGTCOHDWAKTC

TheStreet.com Rating: D What is this?

  • +
  • JCP
    Penney J C Co Hol
  • $24.30
  • -0.61%
  • $24.41

Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

People owning JCP also tend to own: AAPLADBEBBYCMCSAGOOGMDTORCL

TheStreet.com Rating: C What is this?

  • +
  • SHLD
    Sears Holdings Co
  • $89.93
  • -1.52%
  • $91.69

Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

People owning SHLD also tend to own: ACFBMYBRK-ABRK-BCNQDJCODUK

TheStreet.com Rating: C- What is this?

  • +
  • CB
    Chubb Cp The
  • $47.66
  • -1.79%
  • $48.44

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning CB also tend to own: ASHATGBACMNINFBNIPGR

TheStreet.com Rating: B What is this?

  • +
  • ALL
    Allstate Cp
  • $28.36
  • -1.90%
  • $28.84

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning ALL also tend to own: ADMAIZCBCNICOPCSCCVX

TheStreet.com Rating: C- What is this?

  • +
  • TSO
    Tesoro Corp
  • $11.81
  • -1.58%
  • $12.00

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning TSO also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: C What is this?

  • +
  • SUN
    Sunoco Inc
  • $25.20
  • -1.72%
  • $25.65

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning SUN also tend to own: AIGACNRYLDVNMPETOIHBC

TheStreet.com Rating: C- What is this?

  • +
  • LEH
    Leh
  • $0.00
  • N/A
  • $N/A

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning LEH also tend to own: BNICXEFAEWJEWYGOOGIVE

TheStreet.com Rating: No Rating What is this?

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recent answers | popular answers
bubble(1)
Q. is MMR a good spec trade on oil
02.09.10 | 20:35 PM Asked by BS7518

A. One of the best of breed oil service
sector stocks would have been a better
bet during this most recent market
correction.

MMR does have strong strength in
ownership; however, the stock price run
up has already been 158% in the last 12
months yet has had a stock price
decrease of 24% in the past 3 months.

Serious consideration to buy MMR must
include being honest with a current PE
that is negative and more than one
analyst has significantly decreased
quarterly earnings estimates . . . which
leads to uncertainty, lack of
consistancy, predictability or stability
of what you are really buying.

The risk does outweigh the reward. . .
meaning it would be as you are phrasing
your question, a speculative play. . .
so how much are you willing to lose vs
how much are you hoping/anticipating to
gain?

Further, should you go with MMR, might
want to look at the charts for entry
point for partial position, followed by
adding partial position(s) with the
consideration of placing and using
mental stops to protect
investment entry points . . . Then
consider how much are you anticipating
to gain on the upside in anticipation to
taking a partial or total profit. . .
Thought being, keep a keen eye on MMR if
you put it into play and have your
finger on the trigger to sell in case
the price goes south (below support) or
hits the exit number (for profit).

In short, I have no personal position as
to why there would be any reason to dive
into MMR whole hog with the belief it
will be easy money. . . and that is
likely the real hard information or
supporting documentation you are hoping
to secure to feel confident in making a
more than certain profit with the
probability of low risk.

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