These 4 growth stocks look set to outperform
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
It sure is funny how
this market has worked over the past couple of years. We have seen a
consistent pattern unfold. Whenever things look ugly and you just cannot think
of a reason the market shouldn’t go straight to zero it rallies. Whenever
accumulation is blatant and leadership is strong, the market can’t push higher
to save its life! The first scenario is where we stood after Wednesday’s close.
The NASDAQ closed right at its last line of current support (the June 27th low),
and there was nothing good to talk about except for Apple’s
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to hold the 50-day after disappointing revenues.
As I stepped out of my hotel room at 8am EST
Thursday morning, I caught the USA Today Headline: Apple, Disney make iPod deal.
Seeing this I knew we were in for a good day and the news could also be paving
the way for an end to the correction we have been locked in since August.
Inflation, higher fuel prices, continued rate
hikes and international turmoil. These and other topics seem to make up each
day’s headlines in the news. It can be fairly difficult to invest in the stock
market when you see such negativity around. One thing to remember is that is
when Bull rallies emerge. A couple of thoughts caught my eye today that I would
like to share with you. First of all, things aren’t as bad as you would seem but
it is a fact that today’s media likes to portray everything in as much negative
light as they can. First off, Katrina destroyed parts of the south. I am with a
group of investors that seek out opportunity around the country and the group
that leads us recently bought in areas near and directly affected by the
hurricane. After much worry, followed by analysis most of them learned that
property in those areas would far outperform original estimates. This is the
first example of making lemonade out of lemons.
My next example came when a fellow investor and
friend was asking my opinion on purchasing Iraqi Dinars with U.S. dollars. The
question at hand was brought something so amazing to my attention. One year ago
no one in their right mind would even consider investment in Iraq. This morning,
two of us are sitting there considering personal investment as the country
rebuilds. Anytime one considers investment, the idea of growth must have become
realistic. Things are not that bad out there!
Folks, we just finished one of the worst bear
markets in U.S. history in the NASDAQ. It takes time and patience to re-build.
Up to this point, we still see an uptrend in place and would be looking to the
stock market for an investment allocation of capital. Broad-based ETF’s could
work very nicely, or growth stocks may also be a wise choice since they perform
well in rising markets. A few names to look at would include Google
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Apple
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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. The model, which combines volume parameters, price patterns, and company
performance with market timing, has significantly outperformed the S&P 500 since
its inception. Coming into the business with only $5,000, he has managed to
build an international money-management firm with clients around the world using
the profits produced by this investment model. Before starting his own
investment advisory firm, Tim provided services for Frank Russell Company in the
Institutional Brokerage Services Division, as well as consulting services for a
national money-management firm.