When it comes to energy stocks, some names leap off the pages. Exxon, Valero, Conoco Phillips are all well-known but what about the lesser known names, is there an opportunity to find one trading at bargain basement prices there?
We stumbled across one such firm that likely has never crossed the radars of most investors.
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From 1982-2023, a massive bull market in share prices took place, creating enormous wealth. But the prior decade or so between 1966-1982 was quite the opposite. Indeed, investors who bought the top in 1966 would have had to wait a full 15 years before seeing their investments turn profitable.
The bull run over the past forty years has been intermittently interrupted by stock market crashes,
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By many measures, the stock market is overextended now yet calls for a correction have vanished with the wind in recent weeks.
Within a few weeks, though, we expect the market will find a plateau and turnaround. If it does top as expected and start a new downtrend, one index above all others could be the top performer in 2024.
When markets fall, they seem to go down in sync. It’s one of the key insights into markets that many ordinary investors fail to spot, the correlation between markets.
Similarly, this year you’ll see the S&P 500 up 25%, and the NASDAQ up closer to 45%, and the Dow Jones Industrial Average up too.
A couple of decades ago, eBay stock was all the rage. Buyers and sellers couldn’t get enough of the platform, transacting in a wide range of goods, and investors couldn’t get enough of the stock. When PayPal was spun out, eBay became a whole lot less interesting to investors, and today it stands virtually ignored.
When a stock has soared 63% for the year it’s a risky proposition to step in the way of the momentum freight train and short it, but sometimes the highest flying stocks create setups for the biggest crashes. One social media stock that went on a huge run this year falls squarely into that category.
While the S&P 500 rallied from its October lows, crude oil prices and the shares of energy companies like Conoco Phillips, have declined. This trend, however, may present an investment opportunity as undervalued assets like COP become attractive.
Conoco Phillips’ stock, tracking the oil futures, showed a decline until a notable recovery in mid-December,
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Imagine you wanted to earn passive income forever more, how would you go about picking stocks likely to pay a yield large enough that it will be lucrative but low enough to ensure it’s sustainable?
The latter part of the sentence is the key because it’s always possible to find companies that pay sky high yields,
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Chevron and Occidental Petroleum are two oil stocks garnering a lot of attention these days, primarily because both are held in the esteemed portfolio of Warren Buffett.
But a closer examination of them both and their rivals suggests another oil stock may be a much better deal right now. So, is it time to buy?
Warren Buffett has spent his life building Berkshire Hathaway, a firm he describes as a mosaic that will never be completed. You would think that having put so much of his heart and soul into painting this canvas that he would surely advise his beneficiaries to cling on to Berkshire shares with a tight grip after he has passes on.
» Read more about: 1 ETF Buffett Prefers Over His Own Berkshire »