Buying Stocks On The Rebound: Four To Consider

By: Dividends4Life Tuesday, October 21, 2008 9:16 AM

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The current financial downturn has caused consternation for many investors. However, it does have a good side - it has provided access to stocks that have been overvalued for some time. Below are several stocks that I previously rated weak or avoid (0-3 Stars), but are now in the buy zone based on their current share price (as of 10/20/2008 close):

Caterpillar Inc. (CAT)
Last Reviewed: 9/10/2008
Previous Rating: 2 Star-Weak
Current Rating: 4 Star-Buy
Buy Below Price: $43.22
Current Price: $40.90

Chevron Corporation (CVX)
Last Reviewed: 8/20/2008
Previous Rating: 2 Star-Weak
Current Rating: 3 Star-Hold
Buy Below Price: $72.91
Current Price: $69.61

Johnson Controls (JCI)
Last Reviewed: 9/23/2008
Previous Rating: 0 Star-Avoid
Current Rating: 3 Star-Hold
Buy Below Price: $23.84
Current Price: $18.92

Integrys Energy Group (TEG)
Last Reviewed: 9/3/2008
Previous Rating: 3 Star-Hold
Current Rating: 4 Star-Buy
Buy Below Price: $49.95
Current Price: $46.78

Keep in mind, there are a lot of stock out there that are still overvalued. If the downturn continues, we may gain access to them. As always, you should do your own research and reach your own conclusion before buying or selling any security.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.

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