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Entrepreneur Forum > Entrepreneur - Other Ways to Make Money > Stock Market and Commodities Trading

Trades for Monday?

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Topic: Trades for Monday? (Read 151 times)

GenXStockGuru

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Joined: Dec 2007
Posts: 48

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United States

Jun 16, 2008, 04:27:28 AM

I just read where the Saudi's have agreed to pump 500,000 more barrels into the system. I am wonder when and how much of an effect this is going to have on oil. If oil does drop on Monday just from the news, what stocks look good?

I am thinking maybe some airlines short, bank stocks and maybe some beaten down retailers. Something like WGC, BAC, JPM or UAL or pick it on retail. Does this sound good to some? Seems like when the market gors up like it did Monday, almost anything you pick goes up.

Of course there is always the thought that oil will just go up. Seems like when we get news of a 500,000 barrel shortage oil jumps up, now that there is a 500,000 barrel surplus seems like it would go back. I guess we will see.

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Gilbraith

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Joined: Jan 2007
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Gilbraith is from Canada

Canada

Jun 18, 2008, 12:37:38 AM

Shares of solar companies rose Monday as analysts become more optimistic about prospects for global growth in demand for solar energy products.Credit Suisse analyst Satya Kumar said that talks with industry officials last week at a major German solar technology conference convinced him to increase his estimate of total 2008 demand for solar energy products to about 4.6 gigawatts from 4.2 gigawatts. "We believe global demand is tracking much better than expected due to strength in Italy and other geographies," he wrote in a client note. It's time to focus our attention on this Sector again !!!

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