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Few stocks, no matter their fundamentals, were immune to the sell off that roiled markets this week, as investors were spooked by soaring oil prices.
However, after three days, in which the Dow saw a 3% decline and the Nasdaq contracted 5%, further losses are unlikely, and now is the time to buy some quality names on the cheap, according to Lange Financial Services. In talking with The Wall and Broad Report, Lange said that history shows the third day in a sell-off to be one of the best times to buy in and get strong stocks at discounts. Still, even after today’s bounce, many names still look cheap. Lange recommends these names: Apple (AAPL) Akami (AKAM) Alpha Natural (ANR) American Express (AXP) Devon Energy (DVN) Cliffs Natural (CLF) IBM (IBM) Google (GOOG) Net App (NTAP) VMware (VMW) Anadarko (APC) Apache (APA) Federal Express (FDX) Walters Energy (WLT) Wellpoint (WLP) Oracle (ORCL) Peabody Energy (BTU) F5 Networks (FFIV) Magna International (MGA) Qualcomm (QCOM) Sandisk (SNDK) Original Article Source by Barrons.com |
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