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:
(GOOG) - Get Report
,
S&P Depositary Receipts
(SPY) - Get Report
,
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!
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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;
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