The S&P 500 is off 8.2% from its Nov. 3 post-correction high of 2,110. But we're still buying.
Market dips create strategic entry points for many stocks that will be long-term growth stories. So in the past couple weeks, our Money Morning experts added new picks to our list of the best stocks to buy now in 2016.
Here are some of the opportunities we're excited about...
Money Morning Capital Wave Strategist Shah Gilani is known for being able to squeeze profits from the market even when it sours. Gilani has a brilliant strategy to make money from the coming collapse of the junk bond market.
Chief Investment Strategist Keith Fitz-Gerald identified a triple-digit profit play to take advantage of Japan's changing economic and demographic situation.
Defense & Tech Specialist Michael A. Robinson bundled together three tech stocks from the Internet's "dream team" that will give investors steady gains starting in January.
And there are four more picks in this week's roundup. Let's take a closer look at our latest list of the best stocks to buy now...
Money Morning's Best Stocks to Buy Now
It's a major problem that has been developing since the Great Recession: large companies transforming massive post-recession debt into risky high-yield bond issuances. Now, with companies unable to pay back investors, major mutual funds are exiting the $1.8 trillion junk bond market. Third Avenue, which was considered one of the best high-yield mutual bond fund managers, closed its fund on Dec. 9. And it's just one example of how this fallout will shake the bond market. Money Morning Capital Wave Strategist Shah Gilani sees opportunity in the failing junk bond market. He outlines a simple exchange-traded fund (ETF) play that will gain as the junk bond market hits new lows...
Gilani is also betting many stocks and currencies will perform poorly in 2016. But he's no moping bear. Gilani designed a series of trades suitable for both regular bears and hardcore pessimists this year. The trades are built to let investors profit while stocks and currencies perform poorly...
Money Morning Global Credit Strategist Michael E. Lewitt developed a forecast for the markets in 2016. Unlike most of the perpetually bullish Wall Street "strategists," his realistic perspective takes the position of neither a bear nor a bull. He's meticulously picked some niche trades for both long- and short-term investors. The trades offer a balanced mix of ETFs and stocks. There are 22 total - get those here....
Japan doesn't sound like an ideal investment destination right now. Its economy just entered a recession. It has a rapidly aging demographic. Its currency - the yen - is being crippled by excessive monetary policy easing. Yet, Money Morning Chief Investment Strategist Keith Fitz-Gerald sees potential in Japan's changing economy. During his week-long Christmas trip to Tokyo, Fitz-Gerald developed a way to capitalize on these changes. His investment play accounts for Japan's demographic problems and currency-cheapening policies...
Money Morning Defense & Tech Specialist Michael A. Robinson has been researching three blue-chip tech stocks that he found will resist any bear market dips in 2016. He chose these stocks not because of their popularity, but because of their encouraging growth rates and long-term potential. These stocks create value for investors, and back that value up with strong balance sheets. And they're also the basis for any successful tech portfolio...
Robinson also identified three other tech stocks that will perform well in 2016. These stocks helped the tech-centric Nasdaq Composite rise 5.5% in 2015, compared to the S&P 500's decline of around 1%. Tech stocks were a smart play last year, and Robinson believes the tech sector will perform even better this year. His stock picks will lead the charge...
China loves gold. It's estimated to have a staggering 1,658 metric tons of the precious metal, a 60% increase in the past six years. Money Morning Resource Specialist Peter Krauth believes there's more to the story than China's ostensible love for gold. He believes the Chinese government is preparing to make a currency move that will shock the global economy. Luckily, Krauth devised an investing strategy to profit from this event....