US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain.
Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares appear to have bottomed out right at $47. The stock is up to $55 now. Investors should take profits now. I think that Research In Motion is headed lower.
On July 5th I suggested that investors get long Intel (INTC) at $19.48 and General Electric (GE) at $13.97. Shares of Intel have rallied 10.5% to over $21.50. GE has rallied 7.1%. I think that shares of GE have much more upside so I will continue to hold shares of General Electric.
My Current Picks
Bank of America (BAC) is a steal at $13 per share.
Exxon Mobil (XOM) is being given away at under $60.
Apple (AAPL) is worth buying at $245 a share. I would get long Apple shares.
I guess we need to say thank you BP for affecting the entire industry. Without that, I doubt we could get XOM with these discounts…
Good point. BP drove all of the oil stocks down.
That is true. This is really great. Thank you BP for such a great influence… When oil stocks down everything follows and everybody was happy about the effect. Thumbs up guys!
I didn’t like the disaster at all. The stock drops in the sector have created an opportunity for energy investors.