STEALS in the Market right now! (Thread)
With all this chaos going on in the Stock Market, I wanted to start a thread about what everyone is investing in and what stocks they think is a steal. I'm personally optimistic about this particular stock which I think is a great one for the next few months:
(SLB) Schlumberger Ltcd.
The true steals were in Europe and they all disappeared on Thursday. Max fear in the initial crash set in on Wednesday. If this turns out to be a correction, expect a bounce. Otherwise, expect some settling with lower vol.
A number of pipelines MLPs look cheap, but not ridiculously cheap. 7% dividend yields in a fairly boring non-cyclical ain't bad. 12% like we saw in 2008 would be better.
A number of Office and Healthcare REITS look priced for a mild recession followed by 5-10 years of economic gloom. I rate them a little cheaper than fairly priced.
Telecom has taken an undeserved hit. Investors think cell phone plans are a fad that people dump when they're feeling poor. Starving Egyptian protesters will tell you differently.
There are some fair prices in consumer staples. You can do worse than 3.5-4% dividend yields when treasuries are paying 2% minus inflation.
European oil majors look fairly cheap, but only if you believe we're going to stay above $75-80/barrel oil. Keep in mind that during the last recession, we got down as low as $35/barrel and spent a long time below $60.
Thanks for your input, do you have any specific picks you recommend buying?
Yes. :D
Unfortunately, company policy prevents me from recommending specific securities on online forums. Next time we have a meetup and we are all sitting down over a beer, we can talk about my stock/ADR picks. Until then, all I can give you are general industries to look in. Often there are several good deals; just comb over prices, earnings data, and 10Ks/Qs, and you'll develop a view.
RIMM
Credit given where credit's due. +1
Don't tell him. He's trying to cheat and win the WSO stock market game and become the biggest swinging dick on the forum.
I definitely wouldn't bet on RIMM.
I know some industrials got hit pretty hard. For instance, CAT probably isn't a $90 stock. Probably more like $110ish range.
Walter Energy (WLT) got raped the past 2 weeks over really bad earnings & the market turndown. They went from 130 to 80. They're still a really solid company & a lot of people think they are a possible takeover target.
A lot of financials are pretty cheap right now, but I feel as if investing in that sector is just asking for trouble unless you really know what's going on. For instance, BAC seems like a really good longterm buy ATM, but no one really knows what their true book value is.
Also, I don't think west texas crude is going to be able to stay in the 80-85 range for too long.. it will probably go up as the market gets back on its feet.
Great call...
GTIV is a $25 stock. It will take a couple of years to get back there but it will. It has been crushed by legislation changes and threats of litigation but at the end of the day, the boomers will get old and they are positioned to reap the benefits.
I can't believe I just divulged that. Fuck it, none of you will do shit anyway.
I'd SB you if I had one.
major steals:
FAZ DXD SPXU
I'll also give this a shot: Long YHOO, Short C.
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