Three Picks For The Continuing Bull Market

three 3Depending on how you’re positioned the last three trading days have either been relatively uneventful or something between 1929 and the Spanish Inquisition. As of last Friday morning the S&P500 (^GSPC) was sneaking up on 1,900. Then all at once the selling started. From the opening tick on Friday the NASDAQ (^IXIC) dropped 3% in a straight line. The S&P 500 is almost exactly flat over the last 5 days but it’s gotten there the hard way.

It’s a pattern that’s become all too familiar for investors in 2014. After an uninterrupted rally in 2013 stocks can’t seem to stay on the happy side of flat this year. There may not be cause for panic but even optimists are running out of reasons to buy.

In the attached clip Hugh Johnson of HJ Advisors says the bubble stocks can come and go but the economy is still in a constructive groove. Since the swoon of January stocks have at least made a tepid comeback. More importantly it’s backed up by the economic data. “Leading indicators continue to expand. The cycle is still alive. I don’t see signs that the bull market recovery is about to end. Stocks are still the best place to be.”

He offers up three investment ideas for those willing to bet on growth:


  • Johnson Controls Inc(NYSE:JCI)
  • Mylan Inc(NASDAQ:MYL)
  • United Technologies Corporation(NYSE:UTX)

You can see the full “Breakout” segment below:


You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)


    






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