me too. Up 1.63% today. 22 of 23 stocks in the green. Nine stocks with better than a 2% gain... CLMT, CPLP, GMLP, TOO, GLNG, TRGP, CVI, LNCO & SFL. Only NATDF failed to gain, ending unchanged. Bought more using what little cash I had left. Now down to .017% cash. C'mon Santa!
According to Cramer..... the druggies have had their day and the next generation is the biotechs. He likes CELG, GILD, BIIB and REGN. Maybe good for my daughters' Roth IRAs.
Market off to a great start. LNCO a winner. My mistake was trying to trade BRY instead of just accumulating. Gave up some profit there but overall buying BRY to get LNCO worked well. Could this be the Here Comes Santa rally? Hope so. I've put all my money on the table.
Your banks should be making you happy. I love WFC which has to be on the way up this year.
Have you read "The Generals" by Thomas Ricks? I recommend it highly. The parts about Korea are insightful and downright inspiring. The stories of MacArther's hubris and Ridgeway's leadership after the Chosin Reservoir debacle (?) should be repeated over and over.
New highs for WFC as well. Should be a good year for banks. More dividend hikes and the interest rate trend is definitely up. It's not too early to start thinking about stress tests and future dividend increases. If the Fed eases up on the 30% payout range we could again see impressive numbers by March. I expect Wells will be right up there. USB's increase won't be until June as I understand it.
Cramer highlighted the oil and gas boom yesterday and listed EOG, NBL and LNCO as his top producer picks. EOG will be fantastic, but I have to stick with the higher yield stocks and LNCO is now a big position for me... I had been accumulating Berry Petroleum for months and that was not bought by LNCO. The distribution is solid and will grow but the yield will not stay at 10%. An obvious buy, IMO. I have delayed retirement long enough and plan to pull the plug in a few months. Good luck with UNG. My record as a trader in 2013 means I will do less of it in 2014.
Cramer highlighted the North American oil and gas boom and put LNCO on his top three list for producers, along with EOG and NBL. LNCO up a buck yesterday and could get the Cramer bounce today. It has to go higher since the distribution is solid and will grow. The yield won't stay at the 10% level forever. The boom took off 2-3 years ago and will last for more than a generation with no end in sight. Still think midstream MLP is the way to go. TRGP hit a new high yesterday. GMLP which is way off its high. Wells Fargo also hit a new high yesterday. Primed and ready to go to the next uptrend when dividend increases come Q! of next year and widening interest rate margins.
Hard to argue against taking profits on the likes of EOG. I have stayed away from all producers including the oil majors because of the low yields, but you can't argue with success. I own only Berry Petroleum which was just taken over by Linn Energy. I now own LNCO shares with a yield near 10%.
CQP and LNG have certainly done well but I remain skeptical because it is really hard to meet projected completion dates set years in advance. Also, I wonder how much of future revenue will be left over for shareholders because of the need to finance construction. But the market obviously thinks it will be profitable.
No doubt LNG export is part of the future although I still think of it as being sort of un-American. Selling gas to China doesn't sit right with me. Better to sell them coal. At least that makes them choke on their own pollution.
Don't count the GOPs out. The Ryan budget deal, Beener blasting the Tea Baggers, etc. is all part of the plan to defend their seats in the 2014 election. And, or course, the media will keep beating their drums about Obama care, always reporting the negative and seldom the positive..
I see no reason not to be optimistic. Sure, there will be corrections, stock will become overbought but I am very optimistic that the slow, steady trend upward will continue. I will rebalance and trade a little on my core during the year but see no reason to change energy infrastructure as my #1 theme, although I plan to build positions in the BDCs I already have. No options. No bonds. No funds. Just stocks I like.
An unfortunate lack of clarity. I was referring to the low price of gas as something no one predicted... not the bridge collapse that killed 13 people.
Thanks for posting the Wells Fargo report. CEO Johnny Stumpf--one of Pierz, Minnesota's finest--is a great CEO. Wells has not missed a beat since Kovacevic retired.
I know you don't share this view... but the main points list will all be good Democrat sound bites for the next election. Of course, the real credit goes to the dramatic change in the energy picture vis a vis the rest of the world. Yesterday I bought gasoline for 2.839 a gallon and that includes a significant gas tax enacted after the 35W bride collapsed in Minneapolis. No one ever predicted that!
Perspectives are very different. I never ever try to time the market and never find myself with more than 10% cash more than a couple of times a year. I don't have the discipline to keep money on the sidelines waiting for a correction. I look for trading opportunities but my only performance metrics are Total Return and Annual Income from dividends, all of which are re-invested. So the bright side of a down market is the chance to buy more shares of favorite stocks as bargain prices.
As far as timing, the long-term rising interest rate trend seems already in the cake and the cake is about to go in the oven. I figure banks will benefit from that trend by increasing interest margins, utilities will be hurt, as will the REITs (I guess) but what's the thought on BDCs? MLPs? Is it a time to rebalance? Build cash? Sell what? I don't consider any of my current stocks to be weak sisters.
Lots of presentations to look over. Many high yield, high growth names. Among my stocks there were positive comments and outperform ratings for SDLP, GMLP, TOO, CPLP, and WMB. Also favorable comment on TGP, rated market perform. I have not looked at the presentation by Western Refining (WNRL) which comes after the NTI announced acquisition, but they rate it outperform.
An interesting prospect is Teekay (TK) which is shifting to a General Partner. Wells commented on possible dividend growth and rates it outperform. I may get into that. They also like NMM which I should not have sold before Thanksgiving.