You may or may not have noticed by now, but here at The Motley Fool we're rolling out new and easier ways for you to be able to keep track of your favorite stocks and writers. My Watchlist is one of those new and easy-to-use tools that even I've come around to over the past few weeks. It allows me to keep up on the latest news for some of my most-watched companies.
Today, I want to share two companies that found their way onto my Watchlist, and why it might be a good idea for you to add them to your own.
Great chapters have been written about the demise of Best Buy
The good news is Best Buy has a plan to turn its ailing business around and you may be able to catch the company when it really is a best buy.
The company plans to focus on higher margin products like smartphones and tablet computers while opening smaller, and hopefully more profitable, stores. More importantly, the company outlined a plan to vastly expand its online inventory of merchandise which should help it battle cost-conscious online customers who have favored Wal-Mart
Research In Motion
Being an iPhone drone, I may not be a fan of Research In Motion's
Yet even with these shortcomings, I see nothing but potential for RIM. I say "so what?" to lower margin products selling better than higher priced items. This gives RIM the potential to retain loyal customers who otherwise wouldn't buy its phones in the first place and turn them into addicted "CrackBerry" users. I also question whether everyone was so completely turned off by the report that they failed to read all the way to the end where RIM guided full-year forecasts way past consensus figures -- a bet made on strength expected from new-generation phones and its new tablet, the BlackBerry PlayBook.
Based on RIM's current price, it's trading below eight times its own full-year guidance. Couple that with growth expectations well into the double digits, and you can see why this value play could give Apple
What stocks are currently in your Watchlist? Share them below as well as any thoughts you may have on the companies mentioned in this article. Also, consider tracking my ideas by adding them to your own Watchlist.
Apple, Best Buy and Amazon.com are Motley Fool Stock Advisor picks. Wal-Mart Stores and Best Buy are Motley Fool Inside Value choices. Wal-Mart Stores is a Motley Fool Global Gains pick. Motley Fool Options has recommended a bull call spread position on Apple and a diagonal call position on Wal-Mart Stores. The Fool has written puts on Apple. The Fool owns shares of Apple, Best Buy and Wal-Mart.
Fool contributor Sean Williams does not own shares of any companies mentioned in this article. He would like to remind you not to forget about our friends in Japan who could use a helping hand. You can follow him on CAPS under the screen name TMFUltraLong. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy that you can bank on.