Go long? Go short? In a market like this, who the heck really knows? But rather than putting on your Swami hat and trying to predict where the market is headed, why not just invest in stocks that have a history of going up despite what the overall market is doing?
In an uncertain market like the one we face now, the best stocks to own are those that trade on their own merits rather than the market itself. These lesser-known stocks are often overlooked by investors, but I think you’ll find them very rewarding.
Of all the stock screens I run, this is by far one of my favorites. I have probably found more winning stocks (and big percentage ones at that) off of this screen, than any other one that I run.
In fact, TICC Capital Corp. (NASDAQ: TICC), mentioned below, is one that appeared on this screen about a month ago. I bought it at $8.77 per share, and it has since climbed more than 10%.
So if you’ve been scratching your head recently as to what direction you should be trading, then the stocks below are probably just what the doctor ordered.
1. Acme Packet, Inc. (NASDAQ: APKT)
2. ARM Holdings plc (ADR) (NASDAQ: ARMH)
3. Core Laboratories N.V. (NYSE: CLB)
4. Coherent, Inc. (NASDAQ: COHR)
5. Edwards Lifesciences Corp. (NYSE: EW)
6. F5 Networks, Inc. (NASDAQ: FFIV)
7. Lan Airlines S.A. (NYSE: LFL)
8. NxStage Medical, Inc. (NASDAQ: NXTM)
9. TICC Capital Corp. (NASDAQ: TICC)
10. VMware, Inc. (NYSE: VMW)
11. Valeant Pharmaceuticals International (NYSE: VRX)
However, I do not recommend you going out and buying each and every one of the stocks listed. Instead put these stocks on your watch list and wait for a minor pullback to a significant support level. Chances are that the support level will hold, just as it has done over the long haul, and offer a solid reward/risk setup that cannot be ignored.
Ryan Mallory is the founder of the financial blog SharePlanner.com, where he provides traders with daily market plans, trading ideas and setups, along with a look at how he manages his own portfolio on a daily basis.
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