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Market Correction Shopping List

post #1 of 3
Thread Starter 

Market Correction Shopping List

 

 

I am starting a spreadsheet/list for stocks that are above average in excellence that after a correction would be awesome value buys.

When a correction hits, it is near impossible for a swing trader with a job to get in and take advantage of a drop because it happens in a blink of an eye and is over as soon as it started in most cases. I don't think another 2007/2008 crash is going to happen anytime soon and want to have a shopping list ready.

Please feel free to help me decide on some good stocks to stew over and I'm starting the list with my favorite:

 

I hope to add enough from all sectors for a balanced and diversified list that I will edit as columns in the spreadsheet.

 

Notes:

1) This is not a list for small/mid caps

2) I am only considering the strongest of stocks

3) I will not consider "speculative" or anything remotely sounding of risk

post #2 of 3
Thread Starter 

Updated my shopping list with my favorites of the sectors.

https://docs.google.com/spreadsheet/ccc?key=0AjcECxXNIPcKdDd2MXp3eVp0VVVxQmtsSkNpSmVmRXc&usp=sharing

 

Using Finviz stock screener, I chose US stocks by sector and sorted by market cap.

I like U.S. stocks only for tax purposes. Foreign income tax disqualifies the online easy form and I like to keep it simple.

Strong and stable large caps are what I'm after.

http://www.finviz.com/screener.ashx?v=111&f=geo_usa,sec_basicmaterials&o=-marketcap

 

Here are some longer-term charts with my preliminary choices:

 

Basic Materials


CVX - Chevron

 

Conglomerates

 

My first choice
UTX - United Tech

 

second choice
CAT - Catterpillar

 

Consumer Goods

 

My first choice
MO - Altria

 

second choice
GIS - General Mills

 

Financial

 

My first choice
JPM - JPMorgan Chase

 

second choice
GS - Goldman Sachs

 

Healthcare

 

My first choice
JNJ - Johnson & Johnson

 

second choice
ABT - Abbott Labs

 

Industrial Goods

 

My first choice
HON - Honneywell

 

second choice
FAST - Fastenal

 

Services

 

My first choice
DIS - Disney

 

second choice
MCD - McDonalds

 

Technology


LNKD - Linked In

 

Utilities


PCG - PG&E

post #3 of 3
Thread Starter 

Added the percentage gain from the 2008 crash (not saying the market will crash anytime soon) to compare for an eventual correction and moved the preferred sectors accordingly (best from columns left to right)

https://docs.google.com/spreadsheet/ccc?key=0AjcECxXNIPcKdDd2MXp3eVp0VVVxQmtsSkNpSmVmRXc&usp=sharing

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