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5 (New) Buys, and 5 ‘Deletions’ to the 2014 Stock Buy List

Here are my reasons for those 2014 buy and sell decisions

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Last week I unveiled my 20 stocks for next year’s (2014) Buy List. This week, I want to discuss the changes I’m making in greater detail.

The five new stocks I’ve chosen for the Buy List are eBay (EBAY), Express Scripts (ESRX), IBM (IBM), McDonald’s (MCD) and Qualcomm (QCOM). Remember that the new Buy List goes into effect at the start of trading on Thursday, January 2. For tracking purposes, the Buy Prices will be the closing prices on Tuesday, December 31.

I want to remind investors that good stocks often appear as dented merchandise. The question we should ask is, how severe and lasting is the damage? With each of the new buys, my analysis tells me the issues are manageable and the prices are well worth it.

Whenever I release my Buy List changes, I often get people asking me if I’ve completely lost my mind. Last year, for example, many readers questioned my selection of Microsoft (MSFT). They told me all the mistakes the company had made, but what’s interesting is that very few people mentioned the price. Sure, any company can have problems. But as investors, we’re always looking at the impact those problems have on share price. Fortunately for us, MSFT has been a 40% winner this year.

With that lesson in mind, let’s look at our five new buys, followed by our five new ‘deletions’:

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