Newbie invester. I already have about $300 in the market, and $200 to spend. Looking to buy multiple shares of said stock that has a good outlook. Thanks.
If you're willing to jump into oil services and have a long-term outlook, Schlumberger (SLB) looks amazing.
There's a reason oil-related stock prices are collapsing. Check out the break-even prices for oil production of open fields: Only the Arabian Peninsula can produce oil below $40 per barrel and still make a profit down to $27.
Because their big/stable companies (I lack the financial knowledge as of now to use the correct terms) and are just oversold for the time being due to coronavirus panic but the fundamental business structure is still intact?
Amazon is not dropping with the rest of the market, they are looking to hire even more employees because people are ordering more shit for home delivery. Not all companies are being hit by this pandemic.
I don't think the market has stopped dropping, but I expect that BRK.A/BRK.B will emerge a winner when it does. First off, Berkshire Hathaway invests in the following: Non-insurance operating businesses Equity investments Shared control businesses Cash and cash equivalents Insurance operations The book value of Berkshire is 441 billion, but its market cap is lower, which is abnormal for a company like Berkshire, which has appreciating and cash flowing assets. On top of that, they have high margins and ROE of 9%, compared with the industry average of 5%. Also, ROE is very high for some companies due to having large amounts of debt, but BRK doesn't have any and they have a large cash pile on top of that, 30% of AUM. If you are more interested in the underlying, here is a more in-depth bottom-up fundamental analysis for value investors: https://podcasts.apple.com/us/podca...e-market-goes-up/id1496409901?i=1000469004343 If you have any more questions just ask!
