Posts

Showing posts from April, 2020

Will Oil be the Jackpot?

   A new OPEC deal was made today with OPEC and its allies agreeing to cut oil production. What does this mean? It means that oil prices will rise tomorrow. Why is that?   The decrease in oil production means that the supply of oil will decrease which will allow the oil prices to increase helping energy companies and especially American energy companies. The past few weeks had OPEC has been meeting to try to agree on a decrease in oil because some countries didn't lower there oil production which was hurting American energy companies.   I recommend these stocks'/ETFS to buy tomorrow: 1. Exxon Mobil Corporation(XOM)- It is one of the largest oil companies in America which means that they will be one of the most positively affected by the new deal. They have dropped almost 40% since the beginning of the year and they have an attractive P/E ratio of 13. They offer also a nice dividend of 8% which adds the cherry on top. 2.  Invesco DB Oil Fund(DBO)- Cr...

Investment Picks with Edward-April Edition

   I just want to quickly thank the health workers who are fighting against the coronavirus.    So the market has been going up in the last week of March, but I feel that it will go back down because the markets rose on the sense of hope because a new drug was passed through the FDA to be used to combat the coronavirus. However, scientists predict that there will 100,000-240,000 deaths in the United States causing it to drag down the market. We are in volatile times right now with news being able to cause big drops or gains so it is the best to look long term. These are the top stocks I recommend in the long run: 1. Intel(INTC)-  It is the one of the largest semiconductor manufacturing companies in the United States with a market cap of $231.70 billion and a P/E ratio of 11.50 which makes it a cheap option. A bonus is that they have a dividend yield of 2.44%. It also has around $3 billion in cash which is benevolent because cash is KING right now. Technolog...