3 Steady Stocks To Balance Your High-Flyers

 Lots of companies are still reporting their financial results, and there are a lot of unique stories out there that are worth following.


AAON, Inc. (NASDAQ:AAON) reports this week. We’ve looked at this enterprise several times before in this publication. Company management has an impressive track record of generating consistent growth.


It will be interesting to see if the company can keep its operational momentum. (See “Why This Company Should Be a Case Study in Business Schools.”) Over the medium- to long-term, it’s proven unwise to bet against this well-managed business.


Last year in these pages, we briefly highlighted a very interesting medical device company called Globus Medical, Inc. (NASDAQ:GMED). Based out of Audubon, Pennsylvania, the company specializes in the treatment of spinal disorders and is building its business in a very consistent and methodical way.


The stock stumbled in the fourth quarter of 2012 but has been moving solidly higher as management delivers modest but consistent growth in revenues and earnings.


The company’s two-year stock chart is featured below:


GMED Globus Medical, Inc. NYSE Chart


Chart courtesy of www.StockCharts.com


Stocks with consistent share price performance are golden, and it comes on the back of consistent operational growth. It doesn’t have to be runaway growth or even double-digit growth; institutional investors love medical device stocks, and they will bid them as long as a company delivers on expectations.


Any stock can break down at any time for a multitude of reasons, but I’ve seen so many consistently returning stocks produce better capital gains (over a longer period of time, of course) than many high-flyers.


It’s not that high-flying trades aren’t worth pursuing; rather, within a portfolio context, a couple of steady growers help with total returns.



(...)Click here to continue reading the original ETFDailyNews.com article: 3 Steady Stocks To Balance Your High-Flyers [AAON, Inc., Globus Medical Inc, Airgas, Inc.]

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