As per annual tradition, Million Dollar Journey is participating in the investment blogger stock picking competition. Last year, we eeked out a 3.8% return and finished in the middle of the pack. As I was pretty aggressive in the stock picks for last year, we had some big winners and equally big losers. This year, I don’t have a lot of great ideas for stock picks as the markets are fairly lofty, but I have come up with some that may help us win this year (wishful thinking?)!
My Top 4 Stock Picks for 2011
- VISA (V) – Everyone knows VISA! The stock has recently sold off due to news that debit card transaction prices may be regulated in the US and VISA has a portion of their business in the debit market place. As one of the worlds most recognized names and the largest card issuer in the world, I’m betting that the stock price will bounce back. Trading price as of Jan 3, 2011: $70.64.
- Royal Bank of Canada (RY.TO) – Although Royal Bank is the largest bank in Canada in terms of market cap, it has been severely under performing relative to the other big banks in Canada. As with all the big 5 banks, RY sports a healthy dividend and I’m hoping that RY bounces back this year! Trading price as of Jan 3, 2011: $52.32. Disclaimer: I own shares of RY.TO.
- Husky Energy (HSE.TO) – I picked this one a couple years ago and I’m picking it again for some oil exposure. They own oil producing assets in NL, new assets in China in addition to paying a healthy dividend. Trading price as of Jan 3, 2011: $26.55. Disclaimer: I own shares of HSE.TO.
- Encana (ECA.TO) – A little while back, Encana split into two companies to divide their natural gas and oil operations. CVE took over the oil side, and ECA took the natural gas. Last year, I picked CVE which was a winner, but this year, I’m going to try my luck with ECA. Even though I’m not bullish over natural gas prices, ECA appears cheap with low Price/Earnings, Price/Book ratios and the dividend does not hurt either. Trading price as of Jan 3, 2011: $29.09
If you were to pick 4 stocks for 2011, what would they be?
Here are the picks from the other bloggers:
|The Wild Investor|
|My Traders Journal|
|Money Smart Blog|
|The Financial Blogger|
Disclaimer: These picks are not recommendations to buy as they are for informational purposes only.