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Thursday, June 16, 2005

Stocks I'm Looking to Buy

I don't own any of the below stocks but I am looking at investing in them. Do your own research. I am not liable for any losses incurred. Good luck!

1. The Nasdaq Company (NASDAQ: NDAQ)
The "Nas" is where the majority of the exciting growth companies are listed and this is a play on the IPO market, which has certainly not peaked. Much more growth ahead for listing fees as more companies leave the Amex to go to the Nasdaq. This stock is NOT an ETF but the actual Nasdaq company. Stock needs to come down before I buy. Really like the long term prospects.

2. St. Jude Medical (NYSE: STJ)
Makes high margin medical devices. Extremely profitable and a good takeover candidate like Guidant. Best part of this stock is that it hasn't done anything since December, lots of upside. Healthcare is the safest place to be when the Fed is tightening. St. Jude is taking away market share from Medtronic and Guidant. S&P has a $55 price target on the stock which currently trades around $40. Earnings are growing at 15+%.

3. Amgen (NASDAQ: AMGN)
A bio-tech company that is profitable and has many cancer drugs in the pipeline. Genentech (NYSE :DNA) has outperformed them of late, but everyone seems to love DNA, so lets play contrarian and buy AMGN under $59. Earnings growth has slowed compared to previous years but still growing between 15-20% at 20x 2005 earnings

4. Whole Foods (NASDAQ: WFMI)
Organic grocery store that has lots of room for expansion. You can even go on their website and recommend a location for a store. I wish there was a Whole Foods near me. Stock trades at a high multiple. I would buy under $110.

5. Aqua America (NYSE: WTR)
Boring stock that goes up every fricken day. A water utility company that is not cyclical at all and is growing between 5-15%. Listen to the conference calls on their website. I would recommend buying this company for the long haul and reinvesting the dividend by going to Equiserve (see the table on the right side of the page). Waiting for a pullback under $28.

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