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The Reformed Broker

Stock prices to watch: Crossing Wall Street has released their 2011 'Buy List'

Stock prices can look volatile from day to day, so some investors – like those at Crossing Wall Street (CW) – make one reasoned 'buy' decision each year, and stick with it.

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The five new stocks are Abbott Laboratories (ABT), Deluxe Corp. (DLX), Ford (F), Oracle (ORCL) and JPMorgan Chase (JPM).

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The five stocks I’m deleting are Baxter International (BAX), Eaton Vance (EV), Eli Lilly (LLY), Intel (INTC) and SEI Investments (SEIC).

This change doesn’t mean I think the old stocks are about to collapse. I simply believe the new stocks are better opportunities.

The new Buy List goes into effect at the start of trading on Monday, January 3, 2011 which is the first trading day of the new year.

I will track the Buy List as if it is a $1 million portfolio with 20 equally-weighted positions of $50,000 each based on the closing price on December 31, 2010.

My normal rule is that I can’t make any changes to the Buy List during the entire year.

The biggest stock is Johnson & Johnson with a market cap of $171 billion. The smallest is Nicholas Financial with a market cap of just $120 million. Combined, the 20 stocks are worth $820 billion.

Twelve of the 20 stocks pay a dividend, and if no stock raises or lowers its dividend for the next twelve months, the dividend yield for the entire Buy List will be 1.56%. The Buy List is trading at just 11.6 times next year’s earnings.

Posted by Eddy on December 17th, 2010 at 11:03 am

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