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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.

It's ironic that although much of my focus is on the short term, my column a few weeks ago highlighting Exxon Mobil (XOM - Get Report) as a terrific long-term holding generated a lot of response.

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 - Get Report), and

  • Starbucks (SBUX - Get Report).






    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:
    It's always been my opinion that it pays to have more -- not fewer -- expert market views and analyses when you're making investing or trading decisions. That's why I recommend you take advantage of our free trial offer to TheStreet.com RealMoney premium Web site, where you'll get in-depth commentary and money-making strategies from over 50 Wall Street pros, including Jim Cramer. Take my advice -- try it now.

    Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes a daily technical analysis column for RealMoney.com and also produces a daily premium product for TheStreet.com called The Chartman's Top Stocks -- click here for a free two-week trial. While Gary cannot provide investment advice or recommendations, he appreciates your feedback; click here to send him an email.

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