Filed under: Chipotle Mexican Grill'A' (CMG), Akamai Technologies (AKAM), Stocks to Buy
Investors that have a time horizon longer than a couple of days are likely finding this market to be extremely difficult. The indices have been stuck in a range for months between around 1,040 and 1,130 on the S&P 500. The economic reports have been mixed and have offered very little visibility into what the future may hold. Volume has been extremely anemic in the stock market, which has contributed to the overall impression that no one has much conviction in the direction of equity prices.While risky, it is times like these that investors may just be better off finding some high beta names that are exhibiting sustained relative strength in an effort to end the year in positive territory.
There are quite a few of these stocks to pick from. The thesis, while simple, has worked much better than other strategies in 2010. Essentially, look for stocks that are trading near new 52-week highs and have been outperforming by a wide margin year-to-date.
Don't get married to these securities, but another month or two of sustained relative strength may be all that it takes to salvage 2010. Among the most promising are Acme Packet (APKT), Akamai Technologies (AKAM), Green Mountain Coffee Roasters (GMCR), F5 Networks (FFIV) and Chipotle Mexican Grill (CMG). Lets take a look at how these stocks have been doing in this tough market.
Continue reading Join The Beta Chase (APKT, AKAM, GMCR, FFIV, CMG)
Join The Beta Chase (APKT, AKAM, GMCR, FFIV, CMG) originally appeared on BloggingStocks on Fri, 17 Sep 2010 15:30:00 EST. Please see our terms for use of feeds.
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