2020 continues on, Covid is rampant everywhere, the US election is mostly decided and stocks, well, they keep moving up. What you need are some "teflon" stock ideas.

 Dow Jones Industrial Average 29,263.28  (Down , but way up since my last post)

 S & P 500 Index - 3557.54 

So how do you function with long term investing during a full blown worldwide Covid virus pandemic and during a feverishly pitched, disputed election here in the United States?  You need to calmly stand back from all the noise and kind of look at things from above and use the same guide and metrics you always have for buying good companies.  Companies that are "Teflon" coated,  so that turbulent market conditions seem to just slip off them.

Look for solid Return on Investment, Return of Equity, growth in earnings for next year, and very importantly little or no debt. Like Peter Lynch said, "I never met a company that went out of business that had no debt".

I have not been posting for awhile because of excessive speculation in many of the Covid "growth" stocks. You will not find stocks like Zoom,  DocuSign or Teledocs here in my blog.  I will not invest in "Castles in the Air" stocks. These "single tiered product"  stocks can only lead to great future pain. The % percentages are not with you for stumbling upon an Amazon, Tesla, or Netflix.  Those are the more rare exceptions. 

I put together a list of 5 stocks, all of which I own in some capacity, that I think can bridge you over to the future fairly unscathed. 

Quest Diagnostics, (Symbol DGX, $124.81)

 Testing, Testing and more testing. Earnings will stack up in 2021.  Forward PE of 12.42. Return on Equity of 18.7%. Also pays a dividend.

        Generac Holdings Inc. , (Symbol GNRC, $222.97)

         Ever have the power go out at your home? With the climate conditions and old power grid infrastructure it is happening more and more often. Exploding earnings growth. Great ROE and ROI. Ultimately, they will go head to head with Tesla for the market of power backup and battery backup in homes and business.

Target Corporation , (Symbol TGT, $172.31)

 Brick and mortar, web on line ordering, and adding Ulta Beauty boutique stores within their existing stores. I went in Target and this is where all the young people shop. Again, exploding earnings and sales growth. Great ROE and ROI.  They can ship you your toilet paper and paper towels. They are making money. 

Newmont Corporation , (Symbol NEM, $61.65)

With a possible 4 Trillion $$ in stimulus coming with the Democrats winning the election, this is your hedge against a devaluing dollar and future inflation. 40,000 ounces of gold in their inventory. This company makes money, pays a dividend, and is ESG friendly in their basic materials space. Forward PE of 13.60. Great                                                                                            Current Ratio and very little debt. Buy it.

McKesson Corporation, (Symbol MCK, $169.87)

 A Return on Equity of 39.40%. These are the guys that were picked by the current US Government to distribute the Covid vaccine when released. A forward PE of 9.61 this company is gushing earnings. One skeleton in their closet is the Opioid lawsuit settlement with the other pharma distributors.  But this will be settled out and paid over a number of years. But with $ 234 Billion in sales last year, it would take a very large iceberg to take this ship off course. 😊

"Finally he is getting something down on paper."

Be very careful at your Thanksgiving gatherings.  Was your hands and keep your mask on. It may seem silly, but you increase your odds of staying healthy. Also get your normal Flu shots from your doctor or pharmacy.

Thanks and Happy Holidays,

Freewilly