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Joseph Lazzaro Return Risk +0.60% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed PG 12/24/08 -18.17% 02/24/09 UTX 12/24/08 -16.71% 02/24/09 VZ 12/24/08 -9.80% 02/12/09 KO 12/24/08 -3.31% 02/24/09 T 12/24/08 -13.62% 02/11/09 Via BloggingStocks:   Filed under: Coca-Cola (KO), AT and T (T), Procter and Gamble (PG), Verizon Communications (VZ), United Technologies (UTX), Stocks to Buy The U.S. economy remains weak - - grappling with its most severe recession in decades. Credit remains tight, although U.S. government interventions have stabilized the financial system (so far). Further, there are major public policy unknowns: a new administration, the Obama Administration, takes office in January 2009 - - a reality that could substantially alter the investing landscape. Now is not the time to establish new positions in stocks or add to positions, so says Stock Analyst C. Leonard Bauer. Still, investors, being a risk-taking lot, sometimes just can't heed the advice to remain sidelined. They're like children seeking to open a gift before the holiday arrives, and because the good C. Leonard does not want to be viewed as a new Ebenezer Scrooge, he offered the following defensive plays heading into the new year. Heads up: Bauer would buy shares in only one of the following defensive plays: AT&T (NYSE: T). Price: $27.90, p/e: 12. Simply, 'Ma Bell' has what it takes to survive the economic downturn - - one that's likely to thin the communications field, Bauer said. A global footprint, and ample engineering / research talent also means T will be well-positioned for Web 2.0's big growth period, as the U.S. economy recovers. Continue reading If you must: a defensive play or two If you must: a defensive play or two originally appeared on BloggingStocks on Wed, 24 Dec 2008 17:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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