Recap of Stock Picks: What to do with your Positions
James | Oct 22, 2009 | Comments 5
So most people are concerned that the stock market is oversold right now and trading up to high. I disagree, though I want to go through my Stock Picks section over the course of the next two days and help give you advice on how to play these picks. Here it goes:
AT&T (T) Bought on 6/21/2009 at $24.04 now at $26.00, Total Return: ↑8.5%
Hold/Sell. I liked this stock at one point due to its strong P/E and EPS valuations to go along with their strong brand loyalty and improved balance sheet. It is a very safe bet though I am suggesting you sell it as it has done very little in the time frame. If you are the long-term investor looking for safe bets then this might be a fit as AT&T is not a volatile stock that will get you big returns but it won’t lose you huge returns but it won’t lose anything. The dividend could be a bonus but I want something that can get me more bang for my buck so I’m selling. Here is the link to read the Original AT&T Research Report.
Noble (NE) Bought on 6/16/2009 at $34.40 now at $42.53, Total Return: ↑27%
Buy, Buy, Buy. This is a great oil stock. I believe that this stock could easily reach $50 come years end and hitting $65 in 2010. It holds a strong array of oil holdings worldwide and is positioned well for the future. With the price of crude oil slowly creeping up all bodes well for this stock. Here is the link to read the Original Noble Research Report.
Under Armour (UA) Bought on 5/25/2009 at $20.70 now at $31.58, Total Return: ↑54%
Now how you play Under Armour depends on what type of investor you are. If you are a short-term investor, then sell UA at around $32-$33. Why? Read this article as I highlight all the reasons on why to sell Under Armour. If your a long-term investor, hold onto the stock as they should continue to post strong numbers and expand throughout 2010. If Under Armor can do it big in the international scene then there is nothing stopping this stock from surging. Here is the link to read the Original Under Armour Research Report.
Petroleo Brasileiro SA (PBR) Bought on 4/23/2009 at $35.90 now at $49.64, Total Return: ↑40%
Hold onto PBR as long-term it had great growth potential. I am a firm believer that oil will continue to rise throughout the year and leading into 2010. $100 a barrel oil is on its way. PBR also has invested billions on billions in the discovery of massive oil fields. Only a six months back they found one of the largest oil discoverieis off the coast of Brazil. With money backed by the government and a strong expansion plan this stock has room to grow making it a great long-term investment. Buy on a dip, if you own it hold on for awhile Here is the link to read the Original Petroleo Brasileiro Research Report.
Oracle (ORCL) Bought on 4/2/2009 at $18.82 now at $22.19, Total Return: ↑18%
Hold onto it if you own it. Its a nice play as Tech should rally in the fall. They offer a nice dividend and are a best of breed company in a growing industry so looks good for the time being. Here is the link to read the Original Oracle Research Report.
Ivanhoe Mines (IVN) Bought on 2/20/2009 at $4.42 now at $11.89, Total Return: ↑170%
Not sure how to play this one. IVN is up 170% since this pick was made and has high volatility ahead. I am not sure what the
time frame is for it to reach $15 per share. It has fallen down some since peaking at $13 last week yet long-term I am still a huge fan of Copper due to the increase in price and demand. The big news for IVN was getting the go-ahead from the Mongolian government to build the huge copper mine. This surged the stock price. Question is, what will send it higher now? Since this is one of my largest holdings in my account I take it very seriously. I will make sure to read up this week and update you guys later. Sorry for no help. Here is the link to read the Original Ivanhoe Mines Research Report.
Finishing off the Stock Picks: What to Expect from the Rest
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