NEW YORK ( TheStreet) -- Here is a concept that is very important in the market, and I saw it at work just last week when the Dow Jones Industrial Average finally kicked out three old duds.
Many times I look at portfolios that are transferred to me and see a similar situation -- I see a portfolio that is full of stocks of yesteryear. Well, I personally would rather own the "Best Stocks Now," not of yesteryear!
, the behemoth out of Bentonville, Ark. There's probably a Wal-Mart within driving distance of your home and you've probably visited it within the last 30 days. Wal-Mart is everywhere! The problem is, it's gotten so big it became a math problem.
Now I'm a number cruncher. I'd much rather see the numbers of a company than a CEO flapping his mouth, telling me how good his company is.
My point is that at one time Wal-Mart was a great stock. But today it is no longer a double-digit grower. It is a single-digit grower.
Wouldn't you have liked to have bought Wal-Mart in the early days?
I look for companies today that are like WMT was in its early days.
(DLTR - Get Report)
Dollar Tree is a stock that I wrote about back in 2011 in my book
Best Stocks Now! Companies
. It is still performing way better than everyone else and it's still undervalued.
Stocks like this may never end up in the Dow, but if it can -- from its current market cap of $12.8 billion to $20 billion -- I would be OK with that. I have already made 142% in the stock once.
Data from Best Stocks Now App
The first time around with DLTR, I more than doubled my money. Then the shares started to cool off and I moved on. Well, it started heating up again earlier this year so I got back in and it's on the move once again.
DLTR is a stock that I currently own in my conservative growth accounts. It is a $12 billion company -- a little, tiny, large-cap stock. By contrast WMT is a mega-cap stock at $244 billion.