This article is part of our Rising Star Portfolios series.
Last week I penned an article highlighting what I believe to be the 5 Biggest Contrarian Plays Today. This week, I'm buying four of them, plus one additional stock I didn't highlight.
The four plays I'm buying are Research In Motion
The fifth stock I'm buying is Microsoft
While some will say Microsoft's stock hasn't moved in years, I'm fine with that. I would rather own a dividend-paying dominant stock that the market undervalues than a hot stock that could cost me dearly if things go wrong. At these levels, the market is pricing in an absurdly pessimistic future for Microsoft.
Tomorrow, I'm buying $400 of each of these stocks for a 3% position in each.
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Dan Dzombak can be found on his Twitter account: @DanDzombak. He owns shares of Annaly Capital Management. The Motley Fool owns shares of Microsoft and Annaly Capital Management. The Fool owns shares of and has created a bull call spread position on Cisco Systems. Motley Fool newsletter services have recommended buying shares of Microsoft and Cisco Systems. 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.