What I Am Buying Today.

[Mr1share]

(08-03-2022, 11:29 AM)fenders53 Wrote:

(08-03-2022, 11:13 AM)Mr1share Wrote:

(08-03-2022, 10:52 AM)fenders53 Wrote:

(08-03-2022, 10:38 AM)Mr1share Wrote: Added DVN, TGT and CB as well

I still think oil heads to $125 and is still the best growth in the market. Market is way over bought now.  Oil is not....

DVN just raised it's dividend to $1.55. This is easily an $80+ stock

Trimmed some PEP and DUK

Eventually yes.  I am too fat oil and looking for an exit.  They can't draw from the SPR forever.  By end of year reality will set in that 2023 is going to look similar at the pump. Could be an oil dip in the meantime.  Hey we all need a thesis and that is mine. $125 oil isn't happening in 2022.

Doesn't matter when it happens. But it will.  

Market rally in other sectors wont last. Just a rotation going on and the shorts will come in and knock it down hard. Nothing to justify these moves and pumps. 

OIL is being hit today but a short attack. However the smart investors are buying today. As much as oil has run its still way undervalued compares to other way over valued sectors. Even at $80 a barrel those companies are making a killing. 

I see no other areas to invest in at the moment. SMG looks cheap but its a value trap as is SWK

It's tough right now.  I have too much cash.  I have researched SWK hard for a year.  I managed to not get sucked in.  So many #1 selling brands and the company is a complete dumpster fire.  I am good with holding some shares soon.  Everybody tries to guess what works in 90 days but I am not trying to trade my entire port off every monthly mood swing. I will put some of my money in recovery plays that can actually grow in a few years.  Oil the commodity should bounce off the lows before too long but this spring is not coming back immediately.  No chance we see $125 oil soon.  The supply demand balance is favorable, but not anywhere near THAT good for awhile.  I own plenty of oil.  Not trying to bash.  I wish it would pop to $100 tomorrow.

I will eventually buy SWK but not until $80-$82. The question is when will sales get better. At least the tools are made in the US and not over seas. 6 analyst have come out and cut estimates and price cuts in the past 3 days. Lowest target being $78. Maybe it bottoms soon. Housing is about to tank. You have to think HD and LOW will suffer as well. But they still pumped HD up $30 in a 4 weeks lol 

Look at PYPL. An example of a company that got pumped and then way to low to ignore. Any kind of positive news was going to push it up. 

So yes you have to look at the names that have been overly punished.  BA is up 30 points as well