It’s Not Too Late To Buy Rising Energy Stocks — Yet
At long last, energy stocks are rising. I started banging the drum on them a couple of months ago, and they are suddenly becoming quite popular.
In fact, all of my beaten-down oil companies have taken off big-time to the upside. Chevron Corp. (NYSE: CVX) is up 23%, Valero Energy Corp. (NYSE: VLO) is up 28%… and Exxon Mobil Corp. (NYSE: XOM) and Marathon Petroleum Corp. (NYSE: MPC) are both up more than 40%!
But in talking with friends and fellow traders, there’s no shortage of skepticism for rising energy stocks…
That’s typical. At the start of every big move up (or down), plenty of people will tell you the trade will never work. It’s only when a stock has risen (or fallen) 20%… and then 30%… and then 40% that people will come down off the fence.
But by then it’s too late. You’ve missed out on all the big early gains.
Will Momentum Continue for Rising Energy Stocks?
WealthPress’ Jeff Yastine
I tossed out a speculative stock idea a few months ago in a company called RigNet Inc. (Nasdaq: RNET). It has seen its share of ebbs and flows since September, and it’s up about 27% the past month.
If you believe rising energy stocks like oil will continue to move higher — not like a rocket ship, but a little here and a little there — then RNET is a stock that will keep rising. I made a bold call in saying RigNet could double by New Year’s, and I still think it can..
But plenty of you are wondering if it’s too late. Did you miss the boat on rising energy stocks?
The short answer is… no.
These stocks still have a long way to run, and one reason for that is oil prices. Check out my short video and let’s chat about rising energy stocks. Then share your thoughts in the comment section below.
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4 Comments
Like idea!
Enjoy finding new ideas !
No one ever answers any of my questions – WHY?? I have program with Jeff Z, and I still own Fuelcell (fcel) stock as a call. Am down $1,250 as of today, 12/28/20 and EVERYTHING I have read on this stock is POSITIVE, and I have 4 “PUTS” on it, and it’s gone up since I bought the PUT. I’ve read NOTHING about what to do with this PUT, but every day there is another positive story about how GREAT fuelcell stocks are doing, and FCEL, goes up EVERY SINGLE DAY??? What the hell am I supposed to do with this DOG???? Damn Jeff, you’ve riden me into the ground, why will you not answer?? Joe Ruttan
JEFF, I also had HES, and there was nothing but good news, and Hes went up almost every day since I bought the PUT? I finally sold it last week for a Hefty Loss. People with REAL MONEY following your advice, and need to get advice when trade turns bad, but never hear anything?? WHY??? Joe Ruttan