Yesterday, I mentioned 4 stocks that I was willing to buy for a quick snap back rally: BBY, WMT, BUD, and BAC. I am only willing to do this on a sharp and sudden pullback in reaction to the hurricane. If the stocks do not reach my buy prices, I will hold off.
Here are some price targets (for traders only) a long with some stop losses:
Best Buy (BBY)- Entry Price $39.50, Stop Loss $35.00- BBY at $39.50 is a great entry point for investors. Be prepared however to see a downside below $35 in a bad economy.
Wal-Mart (WMT)- Entry Price $41.00, Stop Loss $38.00- WMT is trading at multi-year lows, and even at current prices, the shares look attractive for long term investors.
Anheuser Busch (BUD)- Entry Price $41.00, Stop Loss $38.00- BUD would also be a very attactive purchase at $41. Warren Buffett is buying under $45.
Bank of America (BAC)- Entry Price $40.00, Stop Loss $37.00- At $40 a share, BAC would have a dividend yield of 5%.
If you are a longer term investor, I would begin to dollar cost average in at these prices, ignore the stop losses, and build your positions.

