Last week, I started looking at some 2012 picks I made in a December edition of Follow the Money. Today, I continue the journey.
But, before I get to that, a quick look at how the Dow’s been doing. And the answer is “just fine” even with Friday’s decline. I don’t think Friday was anything serious, and personally used it to do a small bit of buying.
As for my 2012 picks, let’s start with Home Depot (HD). I went that route because while housing is inching back, housing improvement is coming back even stronger. Still, watch the downside on this one. That narrowing triangle has me a bit worried.
One stock I’m not too worried about is Goldman Sachs (GS). Even if Europe blows up (again!), I like this on any decline as I’m confident these guys can figure out how to make money in just about any environment.
Next week I’ll give you a glimpse of some of the stocks I don’t consider trades, but – gasp! – are good long-term investments.
Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."