Wednesday, September 16, 2015

Heat From The Sun -- What's Not To Like?

I like this article on why the market for Solar Panels is heating up, from MarketWatch's Myra P. Saefong September 4th. SCTY, SolarCity, is in the Galway Fund as of Monday. Wall Street analysts are looking for price targets from $66 to nearly $100 a share. It's trading this afternoon relatively unchanged around $49.

Stocks to watch:

Schlumberger (SLB), the oil services equipment provider, and Chevron (CVX).

SLB is trading at 76.20, + 3.5% today; our 6-month target is 85 by March, 2016
CVX is trading at 78.10, + 2% today; target is 90 by March, 2016
SCTY is trading flat around $49 today; target is 90 by March, 2016

Disney (DIS) should benefit when the latest Star Wars sequel is released in December.

DIS is trading flat around $103.50; our target is 125 by March, 2016

Apple Inc. (AAPL) is rumored to be working on a TV streaming service that will cost $40 a month. If that comes to fruition -- as J.P. Morgan said it will -- then Apple should rise nicely.

AAPL is slightly off at $116, - 0.4% today; our 6-month target is 130 by March, 2016

Disclaimer: As always this blog is my opinion only. All quotes are courtesy of, a Dow Jones Company. We do not give tax or investment advice or advocate the purchase or sale of any security or investment. You should always seek the assistance of a professional for tax and investment advice. 

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