Top 6 Stocks for February
Sam Collins, February 2, 2010
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After many months of gains, reality finally smacked into the bulls last week when the market's intermediate trend turned from bullish to bearish as the major indices fell through their support zones.
The triple-digit rallies we saw this week are encouraging, but there could be more consolidation in the month ahead.
However, there are certain stocks that should do well in February -- even if the market pulls back.
Keep reading to get my top stocks to buy now.
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The market correction caused a pullback in JB Hunt Transport Services (JBHT) after the last time we recommended the stock, but it may be time for another try.
2 Things Investors Don't Want to See Happen
If the S&P 500 fails to make a new high, it could create a double-top, which will probably have one of two negative outcomes.
While a correction could occur, the odds favor a big move up in the ProShares Ultra Russell2000 Value ETF (UVT).
Don't Get Burned by the Market
Investors who try to anticipate the market's next move may get burned. Your best course of action here is to be patient.
