Defensive stocks.
Added 2022-12-23 13:58:51 +0000 UTCI have been analysing a number of defensive stocks over the last week which I feel offer great value for the next year, these are slow movers and offer security more so than exceptional growth.
As I've just tweeted, a defensive stock is a stock that has a PE of 15 or below, a PB of 1.5 or below and multiplied together, is no higher than 22.5
I like to add in a positive EPS for the next year too to this formula and you are protected even more.
Some stocks that stick out are:
- $FDX - once it holds support on our charts.
- $BAC - If we can get it between $24-$26
And Stocks if we take out the EPS element:
- $F - If we can buy it at $7
- $GM - If we can buy it at $25
- $INTC - Once it holds above $21
Comments
The only support left on this turning bullish now is at $24.60, if that does not hold, then it is down to $21 I feel, then we should get a bounce (hopefully)
Gareth Neary
2022-12-23 14:03:20 +0000 UTCHi capt for INTC , when do you think we could see a support on those levels ?
Leo DAmato
2022-12-23 14:01:31 +0000 UTC
