Stocks to BUY with a bad economy

[GIT-R-DONE]

Disclaimer: The contents of this thread is to only get the opinions of those people on this forum. If you do purchase any stocks on the assumption to make money, no one here is accountable for YOUR actions.



With that said, what stocks are a good buy during a recession?



Please give stock symbols of those companies YOU think will/would be a good buy.



Myself I have played around with the market back when the internet boom was going on and made some $$. What type of companies suffer from the recession, that may be a good investment for when things get turned around again, that may become profitable?

 

[LFarmer]

Itron (ITRI) is one that I have owned for about 8 months. If you are a consumer of electricity then you will probably be in touch with their products. They manufacture the components that make AMR (automatic meter reading) possible over the existing lines to your house. All utilities are looking how to save money and this can be done by no longer having to pay "meter readers" salary and benefits. It is already being implemented nationwide by big power companys, municipalities, cooperatives, etc. My employer has about 120000 electric customers and has started a program to convert 99% of the meters in 4 years. Of course I am making no recommendations, just pointing out the way of the future for electronic meter reading.

 

[kowaliga]

Ford. Mullaly is a good manager.

 

[MEby]

I don't know about recessions much, but seems to me buying oil company stock would be a good idea. Maybe it will make you some money for gas.

 

[JOdell]

Drug companies are good, so are hospital/Doctor office equipment. People still get sick in bad economy. That is kind of like casket companies don't see drops in the economy. Oil company's are real good right now. BUT who is running for office this year? If a certain person gets elected, she (oops) wants to "take the profits from oil companies. " Because she knows how to spend that money better than they do. -Jason



PERSONAL NOTE: How I invest is a IRA. My IRA is controlled by me in what kind of risk I want to take. Well, I am 37 so I have been VERY HIGH RISK from the time I was 18. I have built up a good chuck of money in there. So about January I took 80% of that money and put in a guaranteed part that earns between 4 - 7% (still better than a savings account). Then the money I still put in is right back in the HIGH risk. My opinion is: When do you need that money? Is your investments diversified?That is how you should invest. That is why I like this IRA. It isn't any one individual companies stock.



I am not an investment banker, but I am a thinker. I don't expect (or want) anyone to take my advice alone. Do research and look at what types of stuff payed good in economic downturns.

 

[GIT-R-DONE]

Thats what I dont understand, what are the companies now that are suffering because of the recession? These companies, I assume, would have a drastic drop in stock prices, meaning they should be a bargain, so that when we do come back out of the recession, their prices would go back up, making me some moolah.



The only recession proof companies are the morticians, that I know of. Although I understand some about how the market works, what I dont understand/ know is how/what companies get effected by a recession.



I believe some companies actually have their stock go up because of a recession. I am just curious as to who is on what side of it and maybe some to watch out for that may be a good deal.