The stock offers a 4.4% yield at current levels - an incredible dividend. The swoon in oil isn't permanent - this is still a finite resource - look to buy this name on weakness - as in any time now.
This chart is ugly and resembles the chart of oil - though not as bad. What will the earnings of the big oil companies be now with the price of crude dropping to levels not seen in over 5 years? Can they survive the hit to the bottom line? The answer is of course *YES* - the big multinationals have impregnable balance sheets and can weather this storm. COP is a buy at these levels IMO.
The stock offers a 4.4% yield at current levels - an incredible dividend. The swoon in oil isn't permanent - this is still a finite resource - look to buy this name on weakness - as in any time now.
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The title is indeed a warning - don't get ahead of yourself into thinking bad thoughts - tops among these that happen when a stock goes 'viral' is - I can't miss this stock - it's going to the sky. That's just when a stock collapses in a heap of rags - don't chase - be disciplined. Wait for a pull-back. It's the way to invest.
After facing a brutal sell-off following a miss on the latest earnings report - Coke has rebounded to make new highs. This is an impressive turn-around and shows that the bull-market is still intact. The bears can't even hold down stocks that *did* disappoint. New highs could turn into more new highs - propelling this stock out of the top end of the range. Watch 45.
Even the financial markets gave us something to be thankful for on Thanksgiving - even though the US markets are closed -
OPEC decided against cutting oil production to stem the recent rout in oil - which sent the price of Texas Crude crashing lower - below 70 in the moments after the news hit. Oil experts say 60 dollars is possible. Incredible considering the price was over 100 just a short time ago. This is something to watch. Yes, it's always nice to think you bought the hot stock, but this is exactly the wrong type of chart to purchase for any stock you want. Never buy at new/all-time highs. It just doesn't end well. How quickly people forget this stock rocketed up to 705 last year only to crater back down to 385. Never chase, never join the herd mentality.
Try to remember these general guidelines - Be buying when others are selling and sell when others are buying. If you've been holding Apple - this is a great time to sell and take profits. If you've missed this run - wait for the inevitable pull-back. No stock goes straight to the sky as Apple appears to be doing at present. There *will* be a sell-off that will give you a chance to buy the stock. I'll use Google as an example - I waited a long time to get a good price in Google - over 9 months. However - the stock finally sold off and I got a nice piece at a MUCH lower price. Message of the day - set your list - wait for good pricing - and then attack - like a sale at a supermarket. A range has formed between 540 - 570 in Google - and soon the break - one way or the other, will arrive. Will this stock break the down-trend and resume its bull run? To do that - it must accomplish two things 1) Getting back above the moving averages - 2) get enough over 200 DMA to move the 50 back above it - It's a tall order - and with the momentum tech stock of the moment being Apple, I'm not confident Google can break to the upside, yet.
I've been saying for over a month - watch the 200 DMA on McDonald's stock to see if this bottom was indeed a bottom. Now, for the first time in a long while, MCD is above that red line. The big question - can it hold? From the chart - it looks like the stock is trying to consolidate in this range - that's a good sign it will hold the 200 day. However, any break of the red line could send the stock back down the slope.
The train just keeps going and going. When the momentum players get into a stock, all rationality leaves and huge moves happen - in either direction - remember - Apple went from 705 to 385 in the span of months on the way down. The stock was being 'gamed' on that sudden crash down as it is now on this 'crash-up' as some on CNBC are calling it. So, what now? I advise just waiting for more reasonable pricing. No stock goes to the skies forever - Apple is no exception.
T is safely above the moving averages and is looking to form a base to move higher. Can 35 be sustained?
As oil has steadied in recent trading sessions, so have the prices of the major companies - including Conoco Phillips. It's shown a nice bounce off the bottom and is back above the 50 DMA. Can it get above the 200? Only time will tell.
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