|Day Low/High||79.44 / 82.45|
|52 Wk Low/High||35.44 / 84.95|
Don't buy oil-service stocks until Baker Hughes bottoms and Brent crude stabilizes.
Takeout rumors have triggered a Valero surge, but given the far-fetched nature of this idea, expect the move to be a one-act show.
Consider this strategy to help protect your portfolio as what could be a very treacherous earnings season approaches.
At this point, don't short the market outright, but pick individual stocks instead.
Trends in 13HF filings show many of the best investors are starting to buy in energy and small banks.
Filings from Kahn Brothers and Appaloosa give some diverging tips on financials.