Marine Shipping / Oil Tankers:
American and European oil tankers are seeing more movement now that they’re cutting off Russian oil. This means new import and export routes will be taken from different countries, naturally bringing more business to companies in this sector that operate out of Europe and the Americas. Here are the names we’ll be focused on this week, but we’re not limited to these specific companies.
FRO
Stop loss: 9.10
Price target: Members only
Second PT: Members only
Industrials:
Countries are racing to build new infrastructure that supports developing technologies. This demand is a gold mine for companies that are in the industrial and material part of the picture. Construction companies will retain a huge benefit from the developing world, here are some names we’re focused on:
CAT
Stop loss: 216.00
Price target: Members only
Second PT: Members only
Consumer Defensive / Discount Stores:
The inverted yield curve has brought on a wave of recession fears for Americans so we’ve seen a spike in consumer defensive companies such as the ones listed below. These are companies that sell goods/products which Americans buy regardless of economic conditions because they mostly sell household necessities. Historically many of these companies have always held their grounds in the events of a recession because their profits don’t fall short.
COST
Stop loss: 585.00
Price target: Members only
Second PT: Members only
Utilities:
Like consumer defensive companies, utilities also tend to hold investors’ attention during times of uncertainty because their use remains consistent. Here are some names to focus on:
NRG
Stop loss: 38.50
Price target: Members only