The S&P 500 is currently down 0.2%, an impressive feat considering the big rally yesterday and the talk of profit-taking in the last few hours. I do believe the market continues to move higher, however the odds of a pullback are above average. We continue to build our Buy List and will look to allocate more cash into new stocks/ETFs in the coming weeks.
Here are two examples of stocks that are on the potential Buy List:
- Walker & Dunlop ($WD)- Provides commercial real estate financial services for owners and developers of commercial real estate in the US. Stock is breaking out of consolidation pattern and has an attractive PEG ratio of 1.08.
- Oceaneering International ($OII) - Offshore drilling company should see a boost in 2013. The chart is similar to $WD and is breaking out. The PEG ratio is 1.05 and the stock pays a 1.4% dividend.
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