10 Stocks to Buy, Hold, and Behold In This New Bull Move

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“So, what should investors do�now? It’s clear that many are taking advantage of low stock prices, as the stock market’s massive meltdown has provided a boatload of opportunities. Without doubt, stocks are priced at truly bargain levels, based on almost every market benchmark, including price-earnings ratios, cash flow, and intrinsic values relative to assets.

“Where is the buying coming from? The billions of dollars that have been sidelined by reluctant investors in the U.S. and abroad will be the�drivers of the market’s next massive bull move. ‘As a result of the many months of market declines, there are now�many trillions of dollars (historically record levels) on the sidelines waiting for the opportunity to achieve better returns (in the stock market) than those offered by cash,’ says investment manager Arnold Schmeidler, president of A.R. Schmeidler Investment Advisors. And as�’we emerge from this period, the great values that are being created could result in investment returns that are the most attractive that have been seen in years.’ he argues.”

These words could have been written today, to appropriately describe what’s happening now in the market. But in truth, they were�part of what I wrote in my column�in the old, pre-Bloomberg Business Week magazine, on Apr. 20, 2009. Yes, that was some three years ago.

My assertions then about the market�turned out to be on the money, and�I would use the same observations today and�expect�they�would again be on target�for the next year or two.

Indeed, it’s�refreshing and helpful�to look back and check at what we were thinking during� important events,�especially for journalists and market�commentators, to see the sanity or insanity behind�our thoughts.

In this particular case, revisting my April 2009 column,�written�right after the Dow Jones industrial average hit a low of 6,500 — on the heels of a�steep fall of�s! ome 7,50 0 points in 2007 through 2008 — reveals a couple of important facts: The market did continue to rise through 2012, and several blue-chip and large-cap stocks that rode that bull move then continue to perform superbly�and, in my humble opinion, should continue to do�even better in this current bull, if still restrained,�move.

I would venture to say that 10 of the stocks I had favorably highlighted�in my�Business Week column deserves, again, to be bought,�held and embraced in this fresh bull move.

The stocks are Apple (APPL), Caterpillar (CAT), ConocoPhillips (COP), ExxonMobile (XOM), International Business Machines (IBM), Johnson & Johnson (JNJ), Microsoft (MSFT), Pfizer (PFE), Polycom (PLCM), and Union Pacific (UNP).

They were gigantic winners from Mar. 9, 2009 through Mar. 27, 2012, and for my money, they should achieve continued�high-performance over the next couple of years, at least.