I like what you see rg. For me I got in GVA on Friday @ 24.77, SL (moved to) 25.50, TP to be determined. Also, Monday morning I will buy IDEX at market, SL 1.17, TP to be determined. We will see what happens. Good luck to the rest of you guys next week. *** This is my first post on these forums and I do look forward to learning from you guys here.
VLO is on my radar as it appears to be a current leader, chart-wise, in the oil patch. Price has run into some resistance. It had good volume this past week but could not make price progress, so I'm anticipating a pullback. They're benefiting recently from the crack spread but longer term they have refining capabilities in Corpus Christi to produce very low sulfur fuel oil (VLSFO) from West Texas light sweet crude and are developing the capabilities in Wales to produce VLSFO from North Sea oil, another source of sweet crude that can be made into VLSFO. As I understand, Middle Eastern crude has too much paraffin for that purpose. In January 2020, international shipping will be required to use fuels with lower sulfur content. The sulfur limit is being reduced from 3.5% to 0.5%. Again, as I understand it, there are other ways than VLSFO to achieve lower sulfur but they will increase the cost of gasoline and diesel for over-the-road trucking. VLSFO appears to be a favorable long term solution which VLO is positioned to refine. Weekly bars:
HEAR reporting this week. It has pulled back a lot, but is bouncing after going all the way back for that gap fill. Prior ER guidance was strong, we'll see if they live up to it.
Wish I had been more attentive to FND on Friday. The ER headlines were bad with missed revenues and guidance was lower revenues too, but underneath it was rising GAAP EPS. Perhaps a positive sign in margins. This moved +15% intraday from the lows. Guess it just needed to fill that gap.
@T0rm3nted put PRGO on my radar when he masterfully played it back in August. Is there another swing left in this one?
Hey all, this weekend I am analyzing and reconsidering some long-term investments I have in INTC, GE, and IPHS. As an amateur, my initial impression is that it may be time to give up on GE. The news has been bad for quite awhile now, and it doesn't appear there is a reason to be optimistic. What do you think? I'm curious to dive into the underlying stats and news. INTC and IPHS appear to be pretty solid still... but we'll see what the smelloscope uncovers. Curious if you have thoughts on either INTC or IPHS?
Afterpay (APT:ASX) and Pointsbet (PBH:ASX). Found these Australian stocks through this investment newsletter I was recently sent: insufficientcapital.com. It’s a great read, AUS and US economic analysis included. Thanks, John
INTC looks to be a fairly consistent performer,..but its at its highest right now,...probably not the best entry point,... IPHS looks like a better investment as it appears to be in line for a rebound
Here are (3) stocks I am looking at for Monday's open,.... being a new member here, and somewhat of a amateur at trading,... I welcome your guys opinions on these (3) picks. PBH AVGO MU
Thanks, yeah I'm curious to look into both companies in-depth later this weekend. I've been holding each of them for over 10 years and they've done really well overall, but I don't want to assume that I should just keep holding without looking into it more thoroughly.
