Sunday, December 04, 2005
CNBC.COM 5 stocks ready to ring in 2006
Jubak's Journal
5 stocks ready to ring in 2006
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The year-end rally has been strong, but looks ready to fade. As investors dump hot technology and consumer stocks, corporate spending will drive the new winners.
By Jim Jubak
Now what? We're within shouting distance of a change in market leadership. If you're looking out even six months, the time horizon of my weekly picks for CNBC, this isn't the time to chase the winners in this rally but to look ahead to the first half of 2006.
I think it's time to think about taking some of the profits from this end-of-the-year rally in the technology and consumer sectors and putting them to work in the stocks of companies that produce goods and services for corporate customers.
The stock market is in the midst of one of its traditional year-end rallies.
Leading the way have been technology stocks such as Marvell Technology Group (MRVL, news, msgs), up 19% in the last month, and Komag (KOMG, news, msgs), up 28%; and consumer stocks such as Amazon.Com (AMZN, news, msgs), up 22%, and Williams-Sonoma (WSM, news, msgs), up 12%.See the news
that affects your stocks.
Check out our
new News center.
Click here to read article.
Go to www.shepwave.com for Objective Elliott Wave Theory analysis covering the major U.S. equity indexes.
5 stocks ready to ring in 2006
advertisement
The year-end rally has been strong, but looks ready to fade. As investors dump hot technology and consumer stocks, corporate spending will drive the new winners.
By Jim Jubak
Now what? We're within shouting distance of a change in market leadership. If you're looking out even six months, the time horizon of my weekly picks for CNBC, this isn't the time to chase the winners in this rally but to look ahead to the first half of 2006.
I think it's time to think about taking some of the profits from this end-of-the-year rally in the technology and consumer sectors and putting them to work in the stocks of companies that produce goods and services for corporate customers.
The stock market is in the midst of one of its traditional year-end rallies.
Leading the way have been technology stocks such as Marvell Technology Group (MRVL, news, msgs), up 19% in the last month, and Komag (KOMG, news, msgs), up 28%; and consumer stocks such as Amazon.Com (AMZN, news, msgs), up 22%, and Williams-Sonoma (WSM, news, msgs), up 12%.See the news
that affects your stocks.
Check out our
new News center.
Click here to read article.
Go to www.shepwave.com for Objective Elliott Wave Theory analysis covering the major U.S. equity indexes.
