Google Leads Long-Term Buys
This column was originally published on RealMoney on Oct. 27 at 8:31 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
In case you missed that column, I'll summarize it here.
Naturally, I put the fundamentals aside.I opted instead to review a thing of charting beauty: Exxon Mobil's 20 years of almost uninterrupted growth. And being a well-reasoned trader, I offered an exit strategy too. "Sell, of course, when we stop driving cars."
Based on the response to that column, I'm offering a special Chartman today. I will profile four more stocks I believe should be part of any long-term portfolio. Today, charts for: Google (GOOG), S&P Depositary Receipts (SPY), Johnson & Johnson (JNJ), and Starbucks (SBUX).
Charts produced by TC2000, which is a registered trademark of Worden Brothers Inc.
And that is the final word from Mountain View, Calif., where I'm guessing it won't be too long before the Google witch-hunt begins. Forget the benefits of free WiFi, a virtual Library of Congress and the greatest search engine ever. Instead, you'll hear the usual cries of "monopoly," "too powerful," "too greedy" and "bug-ridden." Eventually, some congressman will be authoring a windfall tax bill directed specifically at the company. Of course, the Justice Department will be looking to break it up anyway, and the EU will pretty much have outlawed its existence! P.S. from TheStreet.com Editor-in-Chief, Dave Morrow:
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