August 16, 2009

My stock picks

Stocks I like - Chevron (CVX); iShares Silver Trust ETF (SLV); Alcoa (AA); and ING Groep NV (ING)

These stocks are from reputable companies that currently have undervalued stock prices.

* CVX is a growth stock that will eventually rise as the price of oil rises - potentially next year

* SLV is a trust that invest in Silver, which has a a 19% YTD Return and can be a good hedge against upcoming inflation

* AA is a cyclical growth stock that is undergoing some difficulty as the economy struggles - but will increase in value as the auto & home industry stabilizes

* ING is a growth and dividend stock with a 15% yield payout, or $2/share. I like the bank's business model and know it also will increase as the housing industry stabilizes. I also love the dividend!