Exxon, Chevron: The cure for your gas pump blues

If you're like me, you don't like paying north of $3 bucks a gallon for gas. What's a driver to do? Buy energy company stocks, like Exxon or Chevron! Both pay a decent dividend, and Exxon reported big earnings today, as did Chevron Friday. Exxon was up $1.69 to $80.68 today, and Chevron was up $1.56 to $94.93 after a bit of profit-taking Friday. They were the #2 & 4 rising stocks in the Dow Jones Industrial Average today (Alcoa and IBM were #1 & 3, respectively).

When you curse the extra $5 bucks it takes to fill your tank, just think of the $72 dividend Chevron is going to give you in a couple of months, and all your troubles will go away....

Now, it's time for me to enjoy the cure for sitting at the computer all day; I'm getting a massage. Ciao!

State of the Union...Up, Up, Up

Walmart climbed $1.23 today to $57.26, close to our target of $58. Maybe this strength is in response to the rise of the dollar today. Also getting some good press from Michelle Obama's initiatives on healthy eating.

Chevron holding steady at $94.08. Gotta think it's ready for some "back-filling", a good opportunity to buy some more. Heck, if I'm gonna pay $3.50 a gallon at the pump, I'm gonna want Chevron to at least lay some of that $72 dollars-a-quarter dividend on me.

Coke steady at $62.96 after a minor correction. Positioned well for any "flight to quality" buying should the market correct.

Looking for a correction in February/March...have your puts in place.

Now it's time to listen to the President...the state of the union is indeed strong....huah! huah!

Hu's in Town? Let's Go to Walmart!

Chinese President Hu Jintao came to Chicago today & met Mayor Daley. Maybe Da Mayor tried some Mandarin on him; God knows the President wouldn't have been able to understand any English coming from Daley.

Speaking of China, how bout dat Walmart! Was up over a buck today for a while. We're long, looking at a target of $58; it closed at penny shy of $56 today.

Chevron and Coke are experiencing some profit-taking. We're looking for them to rise into the inevitable February/March correction.

I mean, come on, does anyone expect this Bull rally to last much longer? I give it 2 to 4 weeks, then, have your puts in place for a hedge.

Liking IShares MSCI Singapore Index (EWS) as a way to get into the Asian market. It's at $13.71 today. Down 16 cents, but the future is bright.

We think gold still has a way to go before it corrects.

Bracing for a sub-zero night here in Chicago.....Go Bears!