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A technician inspects the blades of a turbine at the Bugey nuclear power plant in Saint-Vulbas, near Lyon, France.
A technician inspects the blades of a turbine at the Bugey nuclear power plant in Saint-Vulbas, near Lyon, France.
(BENOIT TESSIER/REUTERS)

Buy targets for oversold U.S. industrials, the Not-Stupid way

U.S. industrial stocks are hugely oversold and since I’ve been looking to buy the largest of them, General Electric Co., since last October, it seems time for some deeper investigations.

I’ll use a number-heavy, Berkshire Hathaway-inspired process aligned with Not-Stupid Investing to encourage valuation discipline and avoid making an emotional investing decision. There are many successful stock picking strategies but this is the one I like best. I’ll start by using technicals to find where to dig deeper, uncover the best multiple to measure fundamental attractiveness, then establish a buy target.