So Westport (WPRT) proved me wrong as the stock was playing tricks on me closing up +5.02% today! This stock has been a firecracker since the beginning of December and yet it still pushes higher. I love this company, but I can't comprehend as to why the stock continues higher. I haven't seen any type of catalyst for Westport and I can't back this stock at the current price. I can't really back any stock at the current price levels.
I'm holding strong on the sidelines with plenty of cash to invest, but I haven't had an opportunity to get back in. I'm going absolutely crazy right now! I missed my opportunity to get back into WFT yesterday as I was going to play the oil service earnings of Schlumberger (SLB) on Friday. SLB earnings determines the direction of the oil service companies. If SLB is positive the rest of the competition goes up as well. With Weatheford up +5.96% today it would an idiotic move to chase this stock into Friday.
Another key move that I missed was Caterpillar (CAT) as the stock has moved up +13.56% from the last day I was in the market with my Monster Portfolio. 12/22/11 is the date. That's right I have been out of the market since 12/22/11.
The only thing I can do now is listen to all of the conference calls to determine my next investment opportunity. The best thing I can do is be patient. Right?
Earnings Calendar- Here is a helpful link to get the dates on the upcoming earnings releases
http://biz.yahoo.com/research/earncal/today.html pulled from Yahoo Finance
I will be listening to the conference call on the following companies
SLB Earnings 01/20/2012
AAPL Earnings 01/24/2012 52 Week High today...
CAT Earnings 01/26/2012
WFT Earnings 02/21/2012
Have a great night!
"When in doubt buy more"
Clay-
Showing posts with label SLB. Show all posts
Showing posts with label SLB. Show all posts
Wednesday, January 18, 2012
Monday, October 17, 2011
Monster Portfolio Week 40 Results
MONSTER PORTFOLIO 2011
Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 39 10/14/11
$2,485.66 Stock$12.05 Cash
Total $2,497.71
Since Inception: -4.96%
Back out cash inflow and we have a balance of $1,892.21.
It was a very productive week for the stock market last week. My portfolio performed amazingly! With the strong movement in Apple (AAPL) and Weatherford (WFT) I was able to gain +14.19% vs. last week. Yes that is a big run, but I believe my portfolio still has great upward potential. Apple reports tomorrow and I expect nothing less than another strong quarter. I’m interested to see if they have anything up and coming in the pipeline. The iPhone 4S was a big hit as they reported selling more than 4 million phones in 3 days. That is ridiculous! That is all the information I need to confirm that this stock should be a solid investment for many quarters to come.
As for Weatherford I base my assumptions on the other oil service companies and their financial results. Halliburton (HAL) reported strong earnings topping analyst estimates earnings with a 2 cent beat (0.94 vs. 0.92) Though the stock sold off today I believe the energy bull market is here to stay. The company to pay attention to is Schlumberger (SLB) as they are largest and most influential oil Service Company. They set the trend. SLB reports on Friday. I believe HAL and SLB will help Weatherford have a short term pop to the upside over the next few days leading into earnings. If this happens I will be selling a portion of my holdings into strength. If I’m wrong I expect WFT to trade basically flat line/slightly lower and then pop on the day of earnings. WFT reports on Tuesday 10/25 so there are 6 more trading days to go! I will be selling one way or another as my portfolio is highly leveraged with WFT. I have to protect my portfolio in the short term.
P.S. another great indicator that energy is here to stay is the recent announcement of Kinder Morgan Energy Partners (KMP) to acquire EL Paso Corp (EP) for $38 Billion to create the largest natural gas pipeline system in North America. KMP popped +5.08% Energy=$$$
Clay-
“When in doubt buy more!”
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
Tuesday, September 6, 2011
Monster Portfolio 2011 Week 34 Results
MONSTER PORTFOLIO 2011
Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 33 09/02/11
$2,341.13 Stock$100.38 Cash
Total $2,441.51
Since Inception: -7.78%
Back out cash inflow and we have a balance of $1,836.01.
It was a pretty quiet week for stocks last week. Smooth sailing until Friday. Today the market started deep into the red, but made its way to close well above the lows. Weatherford International (WFT) took a big hit today earlier in the morning and closed down on the day. One thing that caught my eye was WFT opened near the low of the day at $15.21 a share and paired its losses to close near the high of the day at $15.94. That is a 4.79% move to the upside throughout the day. Pay close attention tomorrow to the oil service companies. (Hint SLB, HAL, BHI, and WFT) I’ve seen this chart many times and the buying action on the dip today increases the likelihood that increased buying is yet to come. If I was a gambling man I would put my money on a positive day for the oil service companies tomorrow.
Until next time “when in doubt buy more”
Buy List
Westport Innovations (WPRT) Stock is to cheap vs. the potential. Chart shows increased buying action near the end of the day. Remember energy isn't a want, but a need!
Kinder Morgan Energy Partners (KMP) Currently pays out a 6.60% or $4.60 a share. I don't know about you, but your savings account pays less than 1.00% If your looking for some income this is the perfect stock for you. If the stock didn't go anywhere you would double your money in 10.9 yrs (Rule of 72 72/6.60=10.90) This a great stock to have for retirement.
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
Clay-
“When in doubt buy more!”
Monday, August 8, 2011
Goodness!/Monster Portfolio 2011 Week 30 Results
MONSTER PORTFOLIO 2011
Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 29 08/05/11
$2,466.26 Stock$30.38 Cash
Total $2,496.64
Since Inception: -1.49%
Excluding cash inflow of $535.50 we have a balance of $1,961.14.
All I can say is wow! I started to buy a little early and I was caught with major losses last week. The recent credit rating downgrade over the weekend was definitely a surprise. I can say I haven’t loss this much money since my gambling days at the casino playing blackjack. Sell offs like today are uncontrollable and they do happen from time to time. Panic selling, hedge funds deleveraging, and fund manager trying to move their money to some safe haven stock. I’m here to tell you to sit tight and don’t panic. You can’t beat the volatility at this current moment. If you go straight to cash after taking huge losses from last week and today, I promise you that a major move to the upside will be missed. I can’t predict when this will occur, but to sell now would be outright foolish!
I felt like selling today, but what’s the point? I was already down huge at 9:30 this morning and I’m fully confident my stocks will outperform and shine in the coming months. Yes, I reinvested my money back into Weatherford International (WFT) last week. The story is too good to pass up. When the top oil service company (SLB) states they don’t have enough equipment to supply the demand for the oil drillers, that’s a great problem to have. And Apple (AAPL) is a no brainer. I lost a ton of money today. I know you did as well. Stay the course and stocks will prevail! Think about it! Stocks had great earnings this quarter and yet they received no love. Now that the market as a whole is much cheaper the value buyers will step in shortly and create a floor.
Have a great night!
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
Clay-
Friday, November 5, 2010
A Great Deal Of Optimism On The Week!
Yesterday was a beautiful day for the stock market. The DJIA was up over 200+ Points. You couldn’t ask for a better day. I’m going to be all over the place today so pay attention!
Now that the election is behind us a lot of investors are coming back into the market. The worries about indecision have been put to rest. Now that the House is majority Republican the checks and balances of the House and Senate is in place. Will this change anything? I don’t know, but for some people they believe this will prevent or minimize the amount of anti business bills to pass. Politics isn’t my specialty! I’m only concerned about the stock market. What the government does is out my control.
The first positive I greatly appreciated began with President Obama stating that he was receptive to talks about extending the Bush tax cuts. Reducing the amount of tax across all incomes is ideal to grow the economy. Less tax allows people to spend more money on goods and invest money back into small businesses to create jobs and allow opportunities for growth. I’m not rich and I get taken to the cleaners on paying tax. I don’t care who you are and how much money you make, when you have to pay higher taxes you’re going to get upset. Bring on the tax cuts! Tax cuts welcome! Another mention by Obama was natural gas. Natural gas backed by the government is great for Westport Innovations (WPRT) and the oil service companies. Companies like Weatherford International (WFT), Schlumberger (SLB), Halliburton (HAL), and Baker Hughes (BHI). Another good one would be Chesapeake Energy (CHK).
With higher commodity prices the energy sector should be perfect for some great returns. Over the past few days Weatherford (WFT) has moved up big. Yesterday it was up over 6.0%. I continue to back this company as the stock is cheap compared to its earnings growth. Westport (WPRT) reported earnings and from the earnings transcript business is good. It was beat up yesterday and is down as I’m writing do to the announcement that they will be issuing more stock, which in turn dilutes the current shareholders value. Usually this is a negative, but I believe this is a great opportunity to buy the stock lower. Remember Congress will reintroduce the energy bill in November for passage. Getting this bill to pass will boost Westport’s earnings drastically. This stock will move up so fast even Usane Bolt would be left in the dust! Lastly, higher commodity prices will sweeten the earnings for Caterpillar (CAT) as higher prices will boost demand for their machinery. I thought CAT would hit the low $70’s in price. I don’t think that is going to happen anytime soon!
The buying action over the past week continues to surprise me! Stocks should continue higher for the remainder of the year. I’m still looking for the big pull back, but I remain optimistic. Oh yeah how about that October employment number! October was a great month as we added 151,000 jobs. First gain in 4 months. Not bad!
Have a great day!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday
Occasional Stock Market Commentary during the week.
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Now that the election is behind us a lot of investors are coming back into the market. The worries about indecision have been put to rest. Now that the House is majority Republican the checks and balances of the House and Senate is in place. Will this change anything? I don’t know, but for some people they believe this will prevent or minimize the amount of anti business bills to pass. Politics isn’t my specialty! I’m only concerned about the stock market. What the government does is out my control.
The first positive I greatly appreciated began with President Obama stating that he was receptive to talks about extending the Bush tax cuts. Reducing the amount of tax across all incomes is ideal to grow the economy. Less tax allows people to spend more money on goods and invest money back into small businesses to create jobs and allow opportunities for growth. I’m not rich and I get taken to the cleaners on paying tax. I don’t care who you are and how much money you make, when you have to pay higher taxes you’re going to get upset. Bring on the tax cuts! Tax cuts welcome! Another mention by Obama was natural gas. Natural gas backed by the government is great for Westport Innovations (WPRT) and the oil service companies. Companies like Weatherford International (WFT), Schlumberger (SLB), Halliburton (HAL), and Baker Hughes (BHI). Another good one would be Chesapeake Energy (CHK).
With higher commodity prices the energy sector should be perfect for some great returns. Over the past few days Weatherford (WFT) has moved up big. Yesterday it was up over 6.0%. I continue to back this company as the stock is cheap compared to its earnings growth. Westport (WPRT) reported earnings and from the earnings transcript business is good. It was beat up yesterday and is down as I’m writing do to the announcement that they will be issuing more stock, which in turn dilutes the current shareholders value. Usually this is a negative, but I believe this is a great opportunity to buy the stock lower. Remember Congress will reintroduce the energy bill in November for passage. Getting this bill to pass will boost Westport’s earnings drastically. This stock will move up so fast even Usane Bolt would be left in the dust! Lastly, higher commodity prices will sweeten the earnings for Caterpillar (CAT) as higher prices will boost demand for their machinery. I thought CAT would hit the low $70’s in price. I don’t think that is going to happen anytime soon!
The buying action over the past week continues to surprise me! Stocks should continue higher for the remainder of the year. I’m still looking for the big pull back, but I remain optimistic. Oh yeah how about that October employment number! October was a great month as we added 151,000 jobs. First gain in 4 months. Not bad!
Have a great day!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Sunday, October 24, 2010
Homework! It's The Only Way.
I said on Thursday I was going to research in depth on the 3rd qtr results of CAT and AAPL, however I was unable to accomplish this task. Conference calls are about 1 hour in length and my smart phone wasn’t agreeing with me. Listening to conference calls while in transit to work is the best way to go. So I will work to listen to all 3 calls over the next few days. I rely heavily on homework and will not give any advice until my research is complete.
That being said doing your own research is very important to finding great investments. Investing is hard work, but it pays off when the proper steps are taken to finding that undiscovered company. When investing in stocks the potential for huge profits is during the infancy of a company. Investing before a company is discovered by all of the big institutions is a great way to supercharge your investment portfolio. I like to have a mix of small, medium, and large companies. Large companies offer income and stability. Medium size companies offer growth with minimal income and small companies offer rapid growth (Like Westport Innovations).
Small companies have the potential to make an investor a millionaire with a small investment over time. Now that’s exciting! That is the reason behind diversification. You don’t want to have all of your money tied up in large companies. This may be a more conservative approach by investing in the well known large cap companies, but the potential for significant returns is minimal. Plus in my opinion it’s truly boring! I like change and new companies entering the market is a great recipe to fight boredom.
If investing becomes boring, you’re not as likely to pay attention to your investments. Not paying attention will lose you money. Losing money is not a part of my vocabulary. Yes I lose money just like everyone else, but I minimize my losses with proper research and cut my losses early to move onto better money making opportunities.
The message for today is homework. Everyone had to do homework throughout their school years and in order to get ahead one must continue to do homework for the rest of their lives. Homework prepares one for opportunity. The opportunity to take the money to the bank! LOL!
Also, Schlumberger (SLB) I mentioned on Thursday reported on Friday. They had a solid quarter and the stock closed up 5.38%. Looks like oil service demand is steadily rising. The future for this Industry is heating up for potential profits in the near term.
Lastly, I would like to mention that for the next couple of months I’m going to blog only on Thursdays. This will allow for more time to research and will provide quality posts that can make everyone money.
Happy Sunday!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
That being said doing your own research is very important to finding great investments. Investing is hard work, but it pays off when the proper steps are taken to finding that undiscovered company. When investing in stocks the potential for huge profits is during the infancy of a company. Investing before a company is discovered by all of the big institutions is a great way to supercharge your investment portfolio. I like to have a mix of small, medium, and large companies. Large companies offer income and stability. Medium size companies offer growth with minimal income and small companies offer rapid growth (Like Westport Innovations).
Small companies have the potential to make an investor a millionaire with a small investment over time. Now that’s exciting! That is the reason behind diversification. You don’t want to have all of your money tied up in large companies. This may be a more conservative approach by investing in the well known large cap companies, but the potential for significant returns is minimal. Plus in my opinion it’s truly boring! I like change and new companies entering the market is a great recipe to fight boredom.
If investing becomes boring, you’re not as likely to pay attention to your investments. Not paying attention will lose you money. Losing money is not a part of my vocabulary. Yes I lose money just like everyone else, but I minimize my losses with proper research and cut my losses early to move onto better money making opportunities.
The message for today is homework. Everyone had to do homework throughout their school years and in order to get ahead one must continue to do homework for the rest of their lives. Homework prepares one for opportunity. The opportunity to take the money to the bank! LOL!
Also, Schlumberger (SLB) I mentioned on Thursday reported on Friday. They had a solid quarter and the stock closed up 5.38%. Looks like oil service demand is steadily rising. The future for this Industry is heating up for potential profits in the near term.
Lastly, I would like to mention that for the next couple of months I’m going to blog only on Thursdays. This will allow for more time to research and will provide quality posts that can make everyone money.
Happy Sunday!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Thursday, October 21, 2010
Caterpillar-The Peoria Powerhouse!
Caterpillar (CAT) was and still is the reigning champion of the farm and construction industry! Today they have proven to the world that they can deliver even in a slow economy. Caterpillar came out blazing with a phenomenal quarter beating analysts’ estimates by $0.13 or roughly 12% higher than expectations. The number was $1.22 vs. $1.09 a share. 12% seems good, but what about comparing to this time last year? Caterpillar earned $1.22 vs. $0.64. That’s a 90.6% increase in earnings. A number like that is truly amazing!
Caterpillar beat estimates, had great revenue, and raised their guidance for the remainder of 2010. What more can you ask for? All of these positives point to a higher stock price for Caterpillar. Today was a day filled with profit taking. This stock is up over 38% since the beginning of the year. That’s a huge gain and it would be reckless not to take a little something off the table. A stock like this doesn't come around very often. Although, I haven’t had an opportunity to listen to the conference call, I believe CAT is on track to make even more money in 2011. Stay away for a bit as CAT should come down in price over the next couple of days or weeks. You would be safe to buy a little stock in low 70’s. If it gets into the 60’s you shouldn’t have a problem turning a profit for 2011. I’m going to listen to the call this weekend and I will have updates if I feel it’s of any interest.
Now that CAT has taken the thunder for the day I still have a couple of my favorites to mention. Apple (AAPL) came through big time. Earnings were spectacular and everything seems to be firing on all cylinders. Of course there is going to be people saying growth will slow and iPad sales weren't as robust as expected. Give me a break! Apple destroyed earnings! You’re not going to take the wind out of this sail. Apple will charge higher. I thought the stock was going to pull back big and it hasn’t yet. Maybe it won’t and this stock will continue higher. Personally I believe it should pull back into the $280’s and then move higher. That’s my opinion and I’m sticking to it!
Lastly, I want to briefly talk about Weatherford International (WFT).
Weatherford International has been traveling down a tough road. They did beat analysts’ estimates and I continue to have great confidence in this stock. WFT has positioned themselves nicely to take advantage of any changes that may occur in Mexico. Mexico was a huge bust for them in the 3rd quarter. Mexico turned sour after a political change prevented WFT from drilling this qtr. It’s all uphill from here in Mexico. I believe improvements in this country will allow earnings to exceed expectations in the coming quarters as this was the main driver for decreased revenue. Stuff happens! Even to the best companies. It’s a real positive to see a company deliver even when the cards are stacked against them. WFT is a buy in my book.
That’s it for today. I have some homework to do over the next few days to see what really is going on with CAT and AAPL.
Don’t forget Schlumberger (SLB) the oil service giant reports tomorrow. They are the market leader and many investors look to SLB for a reliable outlook for the future of oil.
Have a great night!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Caterpillar beat estimates, had great revenue, and raised their guidance for the remainder of 2010. What more can you ask for? All of these positives point to a higher stock price for Caterpillar. Today was a day filled with profit taking. This stock is up over 38% since the beginning of the year. That’s a huge gain and it would be reckless not to take a little something off the table. A stock like this doesn't come around very often. Although, I haven’t had an opportunity to listen to the conference call, I believe CAT is on track to make even more money in 2011. Stay away for a bit as CAT should come down in price over the next couple of days or weeks. You would be safe to buy a little stock in low 70’s. If it gets into the 60’s you shouldn’t have a problem turning a profit for 2011. I’m going to listen to the call this weekend and I will have updates if I feel it’s of any interest.
Now that CAT has taken the thunder for the day I still have a couple of my favorites to mention. Apple (AAPL) came through big time. Earnings were spectacular and everything seems to be firing on all cylinders. Of course there is going to be people saying growth will slow and iPad sales weren't as robust as expected. Give me a break! Apple destroyed earnings! You’re not going to take the wind out of this sail. Apple will charge higher. I thought the stock was going to pull back big and it hasn’t yet. Maybe it won’t and this stock will continue higher. Personally I believe it should pull back into the $280’s and then move higher. That’s my opinion and I’m sticking to it!
Lastly, I want to briefly talk about Weatherford International (WFT).
Weatherford International has been traveling down a tough road. They did beat analysts’ estimates and I continue to have great confidence in this stock. WFT has positioned themselves nicely to take advantage of any changes that may occur in Mexico. Mexico was a huge bust for them in the 3rd quarter. Mexico turned sour after a political change prevented WFT from drilling this qtr. It’s all uphill from here in Mexico. I believe improvements in this country will allow earnings to exceed expectations in the coming quarters as this was the main driver for decreased revenue. Stuff happens! Even to the best companies. It’s a real positive to see a company deliver even when the cards are stacked against them. WFT is a buy in my book.
That’s it for today. I have some homework to do over the next few days to see what really is going on with CAT and AAPL.
Don’t forget Schlumberger (SLB) the oil service giant reports tomorrow. They are the market leader and many investors look to SLB for a reliable outlook for the future of oil.
Have a great night!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Sunday, July 18, 2010
Earnings. What’s In Store For Next Week?
First off I’m pretty disappointed with the stock market action for the week. The majority of the companies that reported earnings exceeded the analyst’s estimates. I was very pleased with the results. Obviously the market felt otherwise. Friday’s release of a poor consumer sentiment reading of 65 came with some surprise. The consensus estimate was to be 74.5 according to Briefing.com. The consumer sentiment is very important for the market as this determines the confidence of people. By this I mean confidence in the current and future outlook of the economy. A higher # is better and seeing it drop so low is definitely not reassuring for Wall Street and investors.
When there is a possibility of a slow down investors and traders shoot first and ask questions later. That’s why Friday was such a disaster even though General Electric (GE) and Citigroup (C) all reported good numbers. The market was dragged down by an onslaught of selling pressure and the DJIA closed down 2.52% S&P 500 down 2.88% and the NASDAQ off a whopping 3.11%. On the bright side at least the DJIA managed to stay above 10,000. I think Friday was an overreaction to the economy slowing down. I personally have become more optimistic about the future of the economy. I expect some good earnings next week so hopefully the stock market will sweep the negativity under the rug, pull up their pants and quit crying every time some piece of data is negative. Earnings season is here for a reason to gauge the current and future results of companies. The results so far are positive and I feel we were short changed this week with the markets lackluster action. I’m sticking with the fundamentals of an individual company! The economic data has been negative for so long and I’m sick of hearing about it! Referring to an old joke from high school I say “Throw it in the trash” (Dan B you know what I’m talking about)
Enough of the negativity! Next week is my favorite week of earnings. The week the oil service companies report. I’m talking about the largest of the oil service companies. We'll see the likes of Halliburton (HAL) Weatherford International (WFT My favorite) and the largest of them all Schlumberger (SLB) report next week. (HAL) will report tomorrow, (WFT) on Tuesday and (SLB) on Friday. I have confidence that what they have to say will be good. The earnings of these companies will be a toss up since oil prices weakened after the BP oil spill and could have negatively affected earnings for this quarter, but we invest for the future and over the weeks the rig count has increased almost every week for the past 3 months. It may not seem like oil is being drilled but the increased rig count is an indicator that the drilling business is picking up and the earnings of all of these companies will benefit in the near future. The one to watch and pay attention to this week will be Schlumberger. Fund managers always pay attention to the industry leader. Good things out of Schlumberger means higher stock prices for all the oil service companies. I’m going to go out on a limb and say positive news will come from SLB on Friday. I just have a feeling! I have been waiting patiently for the energy sector to come back into favor and I think this may be the quarter that does it!
Lastly, a few other great names are set to report next week, including Apple (AAPL) on Tuesday, Goldman Sachs (GS) on Tuesday, and a family favorite Caterpillar (CAT) on Thursday. This is a very exciting week since many of my recommendations from my stock prediction game will report. I think I’m going to win!
Well that’s it for me. Enjoy the rest of this fine Sunday. I know I will! My wife is making barbecue cheddar bacon burgers for dinner tonight! YEAH BUDDY!!!
(All research was done @ http://finance.yahoo.com/)
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
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When there is a possibility of a slow down investors and traders shoot first and ask questions later. That’s why Friday was such a disaster even though General Electric (GE) and Citigroup (C) all reported good numbers. The market was dragged down by an onslaught of selling pressure and the DJIA closed down 2.52% S&P 500 down 2.88% and the NASDAQ off a whopping 3.11%. On the bright side at least the DJIA managed to stay above 10,000. I think Friday was an overreaction to the economy slowing down. I personally have become more optimistic about the future of the economy. I expect some good earnings next week so hopefully the stock market will sweep the negativity under the rug, pull up their pants and quit crying every time some piece of data is negative. Earnings season is here for a reason to gauge the current and future results of companies. The results so far are positive and I feel we were short changed this week with the markets lackluster action. I’m sticking with the fundamentals of an individual company! The economic data has been negative for so long and I’m sick of hearing about it! Referring to an old joke from high school I say “Throw it in the trash” (Dan B you know what I’m talking about)
Enough of the negativity! Next week is my favorite week of earnings. The week the oil service companies report. I’m talking about the largest of the oil service companies. We'll see the likes of Halliburton (HAL) Weatherford International (WFT My favorite) and the largest of them all Schlumberger (SLB) report next week. (HAL) will report tomorrow, (WFT) on Tuesday and (SLB) on Friday. I have confidence that what they have to say will be good. The earnings of these companies will be a toss up since oil prices weakened after the BP oil spill and could have negatively affected earnings for this quarter, but we invest for the future and over the weeks the rig count has increased almost every week for the past 3 months. It may not seem like oil is being drilled but the increased rig count is an indicator that the drilling business is picking up and the earnings of all of these companies will benefit in the near future. The one to watch and pay attention to this week will be Schlumberger. Fund managers always pay attention to the industry leader. Good things out of Schlumberger means higher stock prices for all the oil service companies. I’m going to go out on a limb and say positive news will come from SLB on Friday. I just have a feeling! I have been waiting patiently for the energy sector to come back into favor and I think this may be the quarter that does it!
Lastly, a few other great names are set to report next week, including Apple (AAPL) on Tuesday, Goldman Sachs (GS) on Tuesday, and a family favorite Caterpillar (CAT) on Thursday. This is a very exciting week since many of my recommendations from my stock prediction game will report. I think I’m going to win!
Well that’s it for me. Enjoy the rest of this fine Sunday. I know I will! My wife is making barbecue cheddar bacon burgers for dinner tonight! YEAH BUDDY!!!
(All research was done @ http://finance.yahoo.com/)
Clay-
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