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Dykstra: Doing Your Homework Pays Off

I try to pick companies with good, solid fundamentals. I look for solid historical and expected returns, good cash flow and low debt levels. When I find a new stock that fits my criteria, I add it to my list and make it a pick when I believe the market has undervalued it.

In recent months, I've followed stocks like General Dynamics (GD - Get Report), Foster Wheeler (FWLT), Occidental Petroleum (OXY - Get Report) and Transocean (RIG - Get Report).

A stock becomes a pick based on its technical trends -- such as its moving averages. I watch these to see what direction it's headed. I also watch market trends for news that will impact that stock's industry and its performance. I also watch for Wall Street operators to make a mistake and undervalue the stock.

These are the strategies that enable me to pick good stocks that will turn hot at some point, enabling me to cash out. In the end, they pay off. And some weeks, those payoffs hit the ball out of the park.

At the time of publication, Dykstra had no positions in stocks mentioned.

Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."

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SYM TRADE IT LAST %CHG
AA $14.48 0.70%
FWLT $27.52 -3.06%
HAL $42.38 -1.30%
GD $134.60 -1.34%
INTC $33.19 -1.60%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

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