Thursday, April 14, 2011

Let the Geyser Blow!

Okay, the oil stocks have had a couple of rough weeks, but now it's time to start the spike. Chevron is around $105, down from $110. Up over a buck today, we expect CVX to surge when earnings are reported near the end of the month. We may be wrong, but would you bet against $105+ oil?

Coke continues to impress, but we're excited about Wal-Mart. Looking for WMT to push the $60 mark this summer, which would be an all-time high.

Anecdotal evidence seems to support a strong recovery. Are you experiencing the same thing? Have you tried to book a brunch for Easter? The restaurants are all full! My Serbian neighbor's mother is a maid at the local Hyatt hotel here in the Northwest suburbs of Chicago, it's fully booked through the month of April! All right, maybe that just proves the rich are doing okay in this economy, but I don't know -- I think things are looking up all around. And is anybody you know decreasing their spending because of the price of gas? Do you know any of these people who are supposedly going into hunker-down mode? Me neither! That's why I'm so bullish on Wal-Mart.

Okay, Happy Investing. Remember, the best things in life are free, but the next best things cost a lot of money!

No comments:

Post a Comment