Today is a Good Day — To Sell
The market cracked, then rallied last week. I will use recenrt strength to sell two stocks from the Growth Portfolio today — Suncor Energy (SU) and Peabody Energy (BTU). Here’s why…
The market cracked, then rallied last week. I will use recenrt strength to sell two stocks from the Growth Portfolio today — Suncor Energy (SU) and Peabody Energy (BTU). Here’s why…
I’m getting restless owning Suncor (SU). Although the numbers are fine, the stock’s not going anywhere. We need higher oil for a higher Suncor.
I’m just not into
Suncor (SU) has been solid in 2010 as oil prices have gone higher. Although the one-year chart looks great, this stock is fairly valued right now.
Peabody Energy (BTU) missed by a little and lowered next quarter’s estimates by 45%. But 2011 and 2012 estimates went a bit higher and the stock continues to climb. There’s good upside potential here.
We need more oil — in our portfolios. Although Egypt and Exxon are getting headlines in regards to oil, economies are needing more oil anyway. Suncor (SU) will be purchased for the Grwoth Portfolio today and should help quench our thirst.
The Cheat Sheet says Energy is the place to invest in 2011, and I’m getting a jump start in 2010 by adding coal producer Peabody Energy (BTU) to the Growth Portfolio today. BTU can feed China’s growth.