Do you see a theme here? Cash, invest your money in cash for the summer because it's as cloudy as a thick london fog for this summer. I honestly cannot say to put your cash into anything related to equities except of course...that is cash heavy companies. Jim Cramer's famous quote, "there's a bull market somewhere". Yeah it's true but I never take that guy's advice. My advice right now is to sell any equity stakes you have that have shown at least 10% positive gains and just wait until this summer is over. There is speculation that another simulus package will be implemented which could send the market into a panic. No one has any idea what could happen and we could see another February drop like we saw this summer.
Now if you are one of those people that cannot stand having cash burning a whole in your pocket...let's go with these guys...
ABT- It's a great dividend stock and is trading at about 45-47. Not too much volatility here and we have a company with some good cash.
Apple- Only buy this stock if it hits $125, the only factor that would cause this is market volatility. Apple could be on the acquisition train and they are sitting on $35 billion in cash. Wow
Wendy's/Arby's- Barron's has been recommending this stock and shoot I'll give it a thumbs up. People love these two old school fast food joints, I'll take some chili with cheese/onions.
Comcast- I have about 150 shares personally and I am down about a buck but I'm gonna stay with this company. Good balance sheet and retainment of customers, it's at about $13.20.
Holla for a dollar
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