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Even my utility stock is taking a hit- down 2% today. This type of market selloff is when I like to make directional moves and indicates a time to buy. Just for starters...
Buying:
Du Pont (even though I don't like the CEO) $52.25
Conoco Phillips (yes, I'm going there!) $45.95
Despite the experts, I think it's a good idea to trade the strong dollar for oil here. People have been buying gold, but gold doesn't power my thirsty 4x4, boat, and lawnmower.
I think you're early, but scaling in is not a bad idea. I don't know how much further DD will go down, but it's been a dismal stock for a year and there's been a lot of talk about capital activism, dividing the company, and looking for new management. Generally something will happen when the share price and revenue growth drops. COP also looks like it might fall another 20% before finding a footing. Big Oil will very likely not raise their dividends and may even cut them in the future quarters. Oil and other commodities have dropped so much because we were in a supercharged super-cycle that was driven by speculation, China growth, and the EEMs.
China is popping, EEMs are declining, speculators are exiting their positions, and we are seeing more oil than we know what do with. I would rather invest in oil storage, refineries, or pipelines instead of the integrateds. I would absolutely stay away from the E&P and driller stocks.
Full disclosure, I've been a long-term holder of both DD and COP and have added to my position in DD 6 weeks ago. I'm waiting for some upward economic momentum before investing more in either stock.
I'm not a FED watcher. I don't hang on their every word. That being said, I don't think they will increase rates this year. They had their window earlier and they missed it. It would certainly be reckless to raise in September.
My bonds have done well even though the pros have been saying to get out all year long. I'm disappointed that my utility stock has underperformed my expectations. (Where's the flight to safety?) I feel like I've made the right move on utilities and holding.
I think the fundamentals are still there. Unemployment is low. Record housing sales and new construction starts. Gas is 'cheap' so theoretically, more disposable income for people.
I don't think the fed does anything and we see this 1000 pt loss in the Dow reversed and then some in Q4.
Yeah-this selling has gotten a little out of hand.
In 2008, the world was on verge of economic collapse...
There is actually growth in the US, commodity prices are falling, rates are low...not a bad economic climate. Plus homebuilders were just breaking out 3 days ago. Geesh.
I think you're early, but scaling in is not a bad idea. I don't know how much further DD will go down, but it's been a dismal stock for a year and there's been a lot of talk about capital activism, dividing the company, and looking for new management. Generally something will happen when the share price and revenue growth drops. COP also looks like it might fall another 20% before finding a footing. Big Oil will very likely not raise their dividends and may even cut them in the future quarters. Oil and other commodities have dropped so much because we were in a supercharged super-cycle that was driven by speculation, China growth, and the EEMs.
China is popping, EEMs are declining, speculators are exiting their positions, and we are seeing more oil than we know what do with. I would rather invest in oil storage, refineries, or pipelines instead of the integrateds. I would absolutely stay away from the E&P and driller stocks.
Full disclosure, I've been a long-term holder of both DD and COP and have added to my position in DD 6 weeks ago. I'm waiting for some upward economic momentum before investing more in either stock.
Investors have to bear some of the burden for the decline in DD. They had a chance to support Peltz and didn't. Anyways, I'm looking for a big move (up) in the next 6 months. Either the stock recovers or the CEO is in the hot seat. Her resignation has got to be good for 20 points alone. IMHO.
Oil will be fine. This madness will not last forever. This week, I was issued a full call on my GE 4% bonds. Instead of putting the funds back into another fixed income security, I decided to take a chance on COP today with it's 6% dividend. Hope I'm not too early. If it continues to fall, I'll write calls for some additional income.
Investors have to bear some of the burden for the decline in DD. They had a chance to support Peltz and didn't. Anyways, I'm looking for a big move (up) in the next 6 months. Either the stock recovers or the CEO is in the hot seat. Her resignation has got to be good for 20 points alone. IMHO.
Oil will be fine. This madness will not last forever. This week, I was issued a full call on my GE 4% bonds. Instead of putting the funds back into another fixed income security, I decided to take a chance on COP today with it's 6% dividend. Hope I'm not too early. If it continues to fall, I'll write calls for some additional income.
I would NOT bet on a rebound in oil, any time soon. The powers that be are attempting to punish Russia, and in addition you've got a world economy that is in danger. NO REASON for oil to rebound to $60 for at least a few years.
Even my utility stock is taking a hit- down 2% today. This type of market selloff is when I like to make directional moves and indicates a time to buy. Just for starters...
Buying:
Du Pont (even though I don't like the CEO) $52.25
Conoco Phillips (yes, I'm going there!) $45.95
Despite the experts, I think it's a good idea to trade the strong dollar for oil here. People have been buying gold, but gold doesn't power my thirsty 4x4, boat, and lawnmower.
Just because the economy is improving in America, it doesn't mean equities will perform well. The economy and the stock market are two separate animals.
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