Stock picks and pans: T, PSA, INSU, FLWS, WMI, EK, JCP, FO
Still, despite the constant grim economic reports, there are signs the credit markets are thawing as more deals and bond issuing are seen lately. Even the IPO market broke its long dry spell Wednesday with Mead Johnson (NYSE: MJN) debut. It's not surprising then to find more stock picks at BloggingStocks and around the web:
AT&T's (NYSE: T) shares, believe it or not, have been essentially unchanged since October 2008 -- basically unmoved by the financial and stock markets turmoil, says Joseph Lazzaro. With its strong brand, wireless division growth and adequate balance sheet, it could continue to ride out the crisis. AT&T is certainly a low-risk stock, and that's saying quite a bit these days.
Public Storage (NYSE: PSA) is a REIT focused on ownership of public storage facilities. While PSA is pricier than its peers with a P/E of 14, it's also the cream of the crop in terms of real estates, and enjoys economies of scale due to its size. PSA is a darling of the smart money, hedge fund crowd, to boot. As cash doesn't seem to be a problem, "look at this as an interesting way to play an extended downturn," says Alex Salkever.
Insituform (NSDQ: INSU) is a pure play in water infrastructure. Given Asia's supply difficulties, Insituform promises to be a major profit center in coming years, says Roger Conrad. Shares have rallied recently as the market noticed the company's success, but it still trades at very low valuations despite a projected long-run profit growth rate of 17.5%. And that's solid value!
1 800 Flowers (NASDAQ: FLWS) was a Valentine's Day stock pick Wednesday. Doug McIntyre explains his reasoning for loving the stock is because of the change in consumer habits. While most consumers have already made adjustments in spending and big items are out, flowers on Valentine's Day, at the very least, is a different matter altogether.
Waste Management (NYSE: WMI) has a distinct competitive advantage and solid financials, says Jim Stack. It is a giant in its industry, has significant pricing power and boasts a strong balance sheet. The stock currently yields 3.3% and the dividend will be raised in 2009. While WMI recently warned, "this stock will remain fairly stable, even in a prolonged recession, and should definitely benefit from any economic recovery."
DWS Global Commodities Stock Fund (NYSE: GCS) and BlackRock Global Energy & Resources Trust (NYSE: BGR) are two funds Barron's suggests to play the "long-term bull cycle for natural-resource investments," which is happening "thanks to a rising global population and limited supplies."
Allstate (NYSE: ALL), Eastman Kodak (NYSE: EK) and J.C. Penney Co. (NYSE: JCP) are three of six stock that could lead a value comeback, according to SmartMoney. These value stocks might sharply outperform growth stocks if the market stabilizes or rebounds.
Fortune Brands (NYSE: FO) -- Jim Cramer says that horrible outlooks from competitors Diageo and Masco make FO a stock to sell in this market.