It seems the recent ridiculous movement of the stock market has created some decent opportunities to pick up some valuable stock at a decent price.
The one that is screaming out to me is Etrade.
The PE is 11 (very low), the growth in earnings is projected to be in the 20% range, and their exposure to bad loans is little. In fact, the most recent earnings report showed their credit rating rose!
With the volatility rising, more people have traded this month than expected. Couple that with the big boys returning next month to their desks, the company should easily make their earnings estimates.
The stock has been hammered almost 20% since their earnings release.
I recommend taking a look at this stock. I currently do not own shares in Etrade.
The Wikiwealth portfolio consists of the following:
Pepsi Stock (www.pepsi.com)
AGG Bond ETFSharebuilder
Money Market (www.sharebuilder.com)
Optionsxpress Money Market (www.optionsxpress.com)