High oil price, housing slump, credit crunch, and now to the end of the week, unemployment rate has hit a 2 year high of 5%. It looks like recession in US is in the card.
What should you expect? Volatility
Volatility is not all bad. It generates positive and negative returns. Its important to have a emotionless, well research approach and pick fundamentally healthy stocks. It is not easy job, you need to spend considerable time to read articles, company financial reports, analyst reports, news, magazines, etc.
My watch list for this month is;
1. MRCB (2.50, KLSE). Election is around the corner with expectation of new project awards.
2. AnnJoo Resource (2.88, KLSE). Anticipation of construction boom and expanding economy. 8.7 PE with Div Yield of 5.8%.
3. Starbuck (18.11, DOW). Share fell due to cost, consumer spending and increased competition from the likes of Mcdonald's and Dunkin Donut. Its 52 week range 18.00 - 36.61. Most probably, it will go down further but its brand still stick and trustworthy among consumers. Be patient and watch the stock closely for a turnaround.
Happy investing
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