The Globe and Mail reports in its Wednesday, March 11, edition that when a big negative catalyst such as oil's plunge is in effect, many investors forget that they are dealing not with a monolithic "stock market," but instead with what is better described as a "market of individual stocks." The Globe's John Reese writes in the Strategy column that investors need to stick with facts and hard information. The reality is that in just about any climate, according to Mr. Reese, you can find reasonably priced shares of strong businesses. He recommends buying Magna International ($132.56). Magna has a whopping $28-billion market cap. It is a global automotive supplier with manufacturing operations in 29 countries. Magna was one of the stocks The Globe cited as having a standout recent earnings performance. Magna is a favourite of Mr. Reese's Joel Greenblatt-inspired model. Mr. Greenblatt's approach is a remarkably simple one that looks at just two variables: earnings yield and return on capital. Mr. Reese's Greenblatt-inspired model likes Magna's 8.7-per-cent earnings yield and 29-per-cent return on capital, which combine to make the stock one of the top 40 in Canada right now.