I was prepared to buy shares in Conoco Philips on the grounds I want to move more into divided stocks and there will always be a demand for oil and gas (and perhaps better to buy gas now), but I saw the Raymond James downgrade.
Do the board members here think this downgrade was fair?
That was more than 6 months ago pallie. AND, they've been very WRONG since. MRO, NBL, APC, XOM and to name a few more. etc,, etc., too !! Maybe ya mean Raymond Chandler and James Stewart.
First rule do not rush into purchasing any stock if you goal is to build wealth with those investments. I would urge you to do your own research on various companies that pay dividends and the industries they are in. Research the company and management. Read their annual reports for the past few years to get an understanding of what their long term goals are for the company. How the compnay has performed, how much debt the company has and how much it puts into Research and Development. I would also recommend 2 books for you to read, Intelligent Investor by Benjamin Graham and Stocks for the Long Run by Jeremy J. Siegel.
Stocks you may want to research for your own portfolio, J&J, JPM, PG, D, SO, ETP, CSCO. these are just a few stock in different industries.
Sentiment: Strong Buy
Fair?!? Fair is for politicians and 4 year olds (same thing basically).
Analysts have an agenda to fullfill and it is NOT making the guy with a couple of thousand shares richer! They are going to #1.....say and do whatever makes THEM and their company money and #2.....Say and do whatever makes their biggest and most profitable customers money (see #1).
If that happens to coincide with YOUR goals then it is generally just plain luck not financial logic.