Today I'm going to talk briefly about (WFT) Weatherford International and why I believe this stock will go higher.
I first would like to disclose I repositioned myself last week and I’m now heavily invested in (WFT) Weatherford International. I tried to hold out for a purchase price under $18 a share, but I decided to pull the trigger early and load up right before earnings. With the recent blowout quarter from (HAL) Halliburton this morning I believe Weatherford will have good things to say as they are the company that has been a laggard over the past 2 quarters. I’m not worried about the North American business as the numbers should be strong.
The game changer with Weatherford is their international business. I want to hear some talk about increased activity overseas next week. If this happens I have no doubt this stock will go much higher. Why? Because the North American business should stay strong/flat into 2012 and added strength internationally will drive earnings much higher. WFT positioned themselves to take advantage of the overseas market and so far that bet hasn’t paid off. I know that is what many investors are waiting for with Weatherford and the stock price already reflects the negativity of their poor performance. It’s clear as day that Weatherford is leveraged overseas. Now is the time to bet on WFT! Time to make some money!
If WFT doesn’t work out I have Apple to back me up as they are set to report earnings tomorrow. With an $8.88 or a +2.43% move today investors are optimistic that Apple will deliver on earnings. I still think Apple has plenty of room to run as the stock price has only moved 9.16% since their great earnings report back on April 20th. For a company that has phenomenal growth and products this stock should be into the $400’s by now. I’m crossing my fingers!
MONSTER PORTFOLIO 2011
Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 26 07/15/11
$2,377.56 Stock$15.35 Cash
Total $2,392.91
Since Inception:
Excluding cash inflow of $483.00 we have a balance of $1,909.91, which equates to being down -4.07%
Have a great night!
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
Clay-
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