Top Stories BAC
January 4, 2010
By Dimitri Kanellopoulos, BuyActive.com
NEW YORK (BuyActive)-Pick of the Month- BAC January 2010
Pick of the Month is not your average newsletter, it is a simple investment tool. Every month I will give you my best investment idea,
One pick per month is all that's needed since each stock I choose represents the best opportunity in the market.
A lot of thought goes into each selection, I don't just pull our monthly recommendations out of a hat.
Each stock I recommend has been evaluated to give you maximum earnings with a minimum amount of risk.
Our target is to limit your downside risk while maximizing your profit by using sensible
and realistic trading strategies.
Any time I put my money on the line I want to know the odds are on my side. It just takes one great investment idea each month,
with the odds on your side to succeed and that's what Pick of the Month aims to do.
You don't have to be right 100% of the time, no one is. Nor do you have to perfectly time the ups and downs.
All you need to beat the market is just one good pick and Pick of the Month will help you do just that!
We do not promise unbelievable returns or a get rich quick scheme. We do believe that our visitors can achieve returns that are well
above average by using BuyActive.com as a guide for their stock market investments.
You need to have a portfolio of solid stocks. Believe me, you will not want to miss these profit-making opportunities.
Check out Pick of the Month and start making money from these winners.
As 2009 ends and 2010 begins, everybody is trying to find in which stock to put their hard earned money to work.
As we said goodbye to 2009, our thoughts turn to what lies ahead for the average investor.
I think 2010 is going to be the year both the stock market and the real estate market really boom.
This is the year we will see the comeback of the financial institutions which have been severely beaten in the past two years.
Based on our research and experience, we have come to the following conclusion.
Dimitri Kanellopoulos, BuyActive.com
With a peek into the future, here is my Pick of the Month for January 2010. Bank of America (BAC) - BuyActive.com Rating
Price on January 4 2010 $15.06
BuyActive.com Price target $22.50
Analyst Stock Recommendations
Don't Wait Buy Before It's Too Late.
Although this industry has experienced the scariest financial meltdown most people alive today have seen in their lifetime, Bank of America
is on the verge of a turnaround with the economy showing signs of improvement. The foreclosures have slowed down, the housing market is slowly
turning around, the unemployment rate is improving, ........
Also, as of January 1 2010, Brian Moynihan will be the new CEO of Bank of America; running one of the world's largest financial institutions.
Moynihan supports the bank's decision to pay back the $45 billion in government loans on December 9th, helping to increase confidence
both in shareholdres, employees and customers.
Don't be surprised if shorts temporarily drive the stock lower; they are betting against Bank of Amarica in the short term and expecting
to make money as the share price falls further. Any weakness in the stock should be taken as a buying opportunity for the long term Investor.
Personally, when the stock drops under the $15.00 mark, I buy more shares. Actualy I am very happy for the shorts giving me the opportunity
to buy Bank of America shares at a cheaper price. My suggestion to you is to buy any time the shorts drive the shares under $15.00.
Corporate Profile:
"Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and
large corporations with a full range of banking, investing, asset management and other financial and risk management products and services."
Bank of America (BAC) - Price on January 4 2010 $15.06
BuyActive.com Price target $22.50 - BuyActive.com Rating