6 Stocks to Buy in September
2.09%March 27 | MyPlanIQ portfolio symbol P_34977
For those of you who aren't frazzled by the current market choppiness, Anand Chokkavelu, from
the Motley Fool outlines six possible stock acquisitions for September.
There is the possibility of finding bargains and strengthening your
portfolio and that is what Anand is proposing.
He breaks his selections into three categories:
Company
|
Dividend Yield
|
YTD Price Change
|
Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) |
None |
(9%) |
Disney (NYSE: DIS) |
1.2% |
(9%) |
Sources: Yahoo! Finance and Google Finance.
This allows you to stand on the shoulders of Warren Buffet with
Berkshire Hathaway and Anand is high on ESPN which is a key contributor
to the Disney stable of companies.
- Beaten-down steel companies
Company
|
Dividend Yield
|
YTD Price Change
|
ArcelorMittal (NYSE: MT |
3% |
(42%) |
Nucor (NYSE: NUE) |
4.1% |
(18%) |
Sources: Yahoo! Finance and Google Finance.
Steel companies have seen big swings but there will be long term demand
for raw materials and these two companies have upside according to
Anand.
Company
|
Dividend Yield
|
YTD Price Change
|
BP (NYSE: BP) |
4.3% |
(11%) |
Transocean (NYSE: RIG) |
5.7% |
(19%) |
Sources: Yahoo! Finance and Google Finance.
Remember the BP Gulf oil spill back on April 20, 2010? Anand thinks it's time for investors to revisit it. Since the day before the spill, both BP and Transocean (the oil rig
owner) have lost a third of their values. Be cautious however as litigation will continue for a long time on the spill.
Anand's summary: "Berkshire Hathaway, Disney, ArcelorMittal, Nucor, BP, and Transocean
-- offer good risk/reward characteristics depending on the type of
investment you're looking for" Anand owns five of the six he is recommending.