|Day Low/High||10.50 / 11.12|
|52 Wk Low/High||9.00 / 68.83|
As we face an unprecedented decline in demand, now we must determine which companies can support their dividends, and stave off crushing cash woes.
Until then, all should take prudent actions and try to stay calm while so many seem to be losing their heads.
If cruise lines and restaurants and retailers and airlines and oils are in trouble, so are their bankers.
The U.S. energy sector is the heart and soul of the U.S. economy. The next few weeks will be critical.
You can use these wild market swings to your advantage by identifying 'safe' companies you want to own and then buying their stocks in stages.
I like the market action, as well as the mounting fear associated with yesterday's market schmeissing, and increased my long exposure on the dip. I initiated a trading rental in Occidental Petroleum on the dividend reduction.
The oil company has been in a sustained downtrend and the latest news from the oil patch will not help.
So what do you do if you own these stocks?
This is the time to high grade your portfolio, take some losses and move to better stocks.
The Grave Dancer is buying oil production assets, so we may finally have reached a bottom in the valuation of energy companies.
What is really driving this rally is the inability of algorithmic traders to moderate their buying.
When you're the most bummed out about how much you've lost, so is everybody else, and that's when they're willing to part with even the best stocks at really low prices.
This weekend's attack on Saudi refineries adds one more variable to bolster prices.
Berkshire is so large and diversified that its prospects are tied to the economy as a whole, with the added benefit of being a defensive play in case of a market downturn.
Oil is perceived as being an unavoidable loser as long as trade tensions rage.
A review of top picks for 2019 in the energy, power generation and renewables sectors.
There are a whole lot of forces going on in our country to explain this stubborn resistance by the oil stocks to the moves we used to expect.
Recent insider buys in Occidental Petroleum and Flotek Industries during the energy dip may be sign of potential investment opportunities.
Then is the time to buy -- and it should soon be here.
I salute Elon Musk for what he did. But Vicki Hollub? I am calling it ill-advised.
Buffett and Munger have some questions to answer, some situations to ponder, and probably a more concerned public than in the past to deal with.