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3 Stocks to Buy in January

Biotechs and miners are starting to break out

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Although my general market outlook right now is negative — given extreme extension in sentiment and technical gauges suggesting a meaningful market correction is long overdue — new areas of strength still are emerging.

moneybuysellThis is especially true in precious metals, which are breaking out of a six-month downtrend pattern into the first significant upside extension since August.

A few biotechnology stocks also are surging, as evidenced by the recent boost in the SPDR S&P Biotech ETF (XBI).

Here are three stocks to buy, or at least to consider for quick long-side profits this month.

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