I want to wish everyone a Happy New Year! This has been a good year for stocks, especially since March. Let’s hope for more gains in 2010.
I recently took a look at things we got right in 2009. Here’s a sample:
In November, I went against the grain and pitched the case for why dividend stocks are not dead. I explained that there are companies out there that have (at a minimum) maintained and even raised them in the past year, indicating that their payouts can survive even the most challenging markets. I even showed you how to use fundamental analysis to separate the winning stocks from the losers. Of the three dividend-paying stocks I called out, two of them are beating the market. Both Colgate-Palmolive (CL) and Visa (V) are up 3.8% and 8.8%, respectively since November 13 (through December 16), while the S&P 500 is up a paltry 1.5%! The third stock, Best Buy (BBY), is trading just about where it was one month ago. Still, two out of three ain’t bad.
All told, the stock market is up over 65% since its March lows. I’m very optimistic for 2010 and I believe it will be another great year for fundamentally superior stocks!