The 7 stocks I like for the next leg up
Timothy J. Truebenbach is the
President of True Capital Management and general partner of True Capital
Partners LP, a hedge fund. He uses a disciplined model that trades on the
intermediate-term time frame. For a free trial to Tim’s Nightly Stock Analysis
Report
click here or call
888-484-8220 ext. 1.
We have a lot to be
thankful about, not only in the stock market and readers of this
column, but also for this great country we live in. Less than one-hundred years
ago, America went through a Great Depression that saw the Dow Jones Industrial
Average crash. The percentage loss was devastating at the time. Almost a century
later, the NASDAQ finds itself recovering from almost an identical crash and in
almost an exact mirror image of the Dow itself. We currently see the index
starting its next leg higher after recently breaking above the 2,200-level, if
history does indeed repeat itself.
In the early-1900’s, industrial production was at
the forefront of the economy. Today, we see an economy built more on services
and technology. The country and stock market continue to prove their dominant
roles as we find names like Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating), Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating),
Ebay
(
EBAY |
Quote |
Chart |
News |
PowerRating), Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) and Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) as the new brick
and mortar names behind this revolution.
With capitalism the driving force behind this
country’s innovation, we continue to see new great names appearing that help
make lives better everyday. These companies range from biotech stocks such as
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating), who are working to treat and cure cancer to companies that
change the landscape of the internet and how we view information such as Google
(
GOOG |
Quote |
Chart |
News |
PowerRating).
This constant, unprecedented cycle the United
States produces is a wonderful reason to be thankful over this holiday weekend.
Through this column, our advisory service and the other products we represent;
we strive to serve individuals by sharing what we have learned. Serving others
is what this country has prospered from and it will continue to pay dividends
and profits to those willing to accept it and practice it.
The NASDAQ traded at levels not seen since the
middle of 2001, this week. We are seeing strong leadership and institutional
accumulation out of a number of quality growth sectors. These indications just
provide a recent example of how we have opportunity all around us to utilize and
be thankful for.
After the market has been trading sideways for
the past couple of years, it shows that we are in an exciting time. As traders
and investors, we should be focused on the many positive things our stock market
and country have in store for us if we are only willing to go after them.
Happy Thanksgiving!
Tim Truebenbach
Be sure and
vote for TradingMarkets in the 13th Annual
Stocks & Commodities
2006 Readers’ Choice Awards