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David Gaines
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Novice investor looking to learn more about effective trading strategies and eliminate all the mistakes made throughout the years.
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  • To Be A Stock Guru, Do As The Stock Guru Would Do 0 comments
    May 6, 2013 11:21 AM | about stocks: BAC, BRK.A, DELL, GLW, GOOG, IPG, KO, MSFT, ORCL, RFP, SCHW, SD, SPLS, WU

    As I re-re-restart my hand at investing, I find myself staring at numbers that don't quite make sense to me. I know what they mean, but interpreting them into good or bad buys isn't my strength. Instead, I reluctantly find myself relying on the gurus.

    So what are the gurus buying?

    I don't know who they are, but on one blog, there's a list of the Top 100 stocks bought by the gurus. I was seeing if any of the stocks in my portfolio were on this list. Nope. But there are some stocks on my watch list that this list is encouraging me to make my next purchases.

    Atop the list is Microsoft (MSFT) with 15 buys. Of the top 100 with 10 or more buys, the only other three stocks were Google (GOOG), Oracle Corporation (ORCL) and Coca-Cola Company (KO).

    Since I'm just getting back into investing, I have the tendency to look for stocks with a lower price, though. And far cheaper than Google's $800+ stock price. Of course, even Google doesn't compare to Berkshire Hathaway Inc. (BRK.A) and its six figure price tag, currently sitting around $160,000 a share.

    My goal, shamelessly, was to identify the stocks that the gurus were buying that were more friendly to my bank account. Looking for stocks around $15 a share or less, there were 10.

    • Western Union Inc. (WU)
    • Corning Inc. (GLW)
    • Charles Schwab (SCHW)
    • Dell Inc. (DELL)
    • Bank of America Corporation (BAC)
    • Staples (SPLS)
    • Resolute Forest Products (RFP)
    • Interpublic Group (IPG)
    • SandRidge Energy Inc. (SD)
    • Marvel Technology Group Inc. (MRVL)

    Just because the gurus are buying these stocks don't necessarily mean they're all going to be winners, and stocks that aren't on the list are going to be losers, but it's at least a start of where to look for my next purchases.

    You can view the entire list at Top 100 stock buys by the gurus.

    Stocks: BAC, BRK.A, DELL, GLW, GOOG, IPG, KO, MSFT, ORCL, RFP, SCHW, SD, SPLS, WU
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