So you’ve seen the headlines. There’s a global manufacturing slowdown. There’s a triple-top in the indices. Earnings were fine, but top-line revenue continues to fade. Oh yeah, and that whole European debt crisis and fiscal cliff thing in the U.S. …
What’s an investor to do?
In boxing parlance, you should put your guard up before the body blow comes, but don’t forget to slip a few jabs. Because while the data indicates the market might be thumping your portfolio in the near term, you can score some hits of your own.
After all, there is a double-digit rally in both the Dow and S&P 500 year-to-date, and a setback in the near-term won’t plunge us into disaster territory. And while some folks like Bill Gross are calling for the death of stocks, those death knells historically seem to hearken a recovery more often than they are prescient indicators of a serious downturn to come.
So in short, expect a downturn — and set your sight on some bargains to swoop up when it happens.
If you don’t have some stocks on your watch list, here are six ideas to get you started across a variety of sectors: materials stock Southern Copper (NYSE:SCCO), retailer Target (NYSE:TGT), small-cap IT stock ServiceNow (NYSE:NOW), utility Southern Co. (NYSE:SO), tech blue chip Qualcomm (NASDAQ:QCOM) and consumer staples king Procter & Gamble (NYSE:PG).