Monday, January 4, 2010

Five Stocks for 2010

Just for fun, here are my 5 stocks/ETF's for 2010:

1. National Presto Industries (NYSE: NPK): Who doesn't like some Presto cookware with some ammunition?

December 31, 2009 Price: $109.23 USD

2. Manulife Financial (TSX: MFC): Cheap, cheap, cheap. Beaten down because of shoring up capital. We'll see the upswing as people realize it is undervalued.

December 31, 2009 Price: $19.33 CAD

3. Progressive Insurance (NYSE: PGR): Huge cash flows, lots of premiums (unrealized claims) that generate large investment gains for the company. Just like Geico, this stock is ripe for growth.

December 31, 2009 Price: $17.99 USD.

4. Fastenal Corporation (Nasdaq: FAST): Simply put, this company sells small tools at construction sites and in industrial zones. If the stimulus package States-side is for "shovel ready" programs, than Fastenal should reap the benefits.

December 31, 2009 Price: $41.70 USD.

5. Barclay's India ETF: My opinion is that India will show accelerating growth and future prospects due to infrastructure, and attention to the largest democracy's growth prospects. After all, most Americans will be looking for safer alternatives to the US market and exposure to the USD.

December 31, 2009 Price: $64.11 USD.

Guessing the S&P 500 December 31, 2010 value: 1,231.49.

These picks are for fun, and should not be construed as investment advice. Contact your professional advisor for any investment advice.

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