Tuesday Quick Hits: AAPL, PM, CHK, CTRP
The market continues to be ugly as oil prices continue to pressure stocks. I am still recommending to stay away from most domestic stocks, especially financials.
Here are my thoughts on a couple stocks today:
Obviously a lot of coverage on this stock today as the new iPhone was just released. Check out my post for my opinion on the new iPhone. I just saw that HP released a thin notebook to compete with the Macbook Air. Isn’t it interesting that all the major companies chase Apple’s products and not the other way around? Samsung releases an iPhone killer, HP releases a Macbook Air killer, Microsoft releases an iPod killer. Apple just focuses on constant innovation. What company would you rather invest in for the long haul?
Philip Morris Int’l (PM)
This stock has been hammered over the last few days… and I love it. My favorite stock is on sale. I’m adding to my position at these levels.
Chesapeake Energy (CHK)
I’m kicking myself for unloading part of my position in this stock. As oil climbs, so does natural gas, and so does this stock. At least my profits are safe, and I still have a position. I’m not buying until it comes back down which it may never do.
This stock continues to get pummeled. I like the stock as a way to play the growing Chinese middle class. It is still expensive, and I think may continue its downward trend for the near term. I am simply watching this stock at this point.
What stocks are on your radar screen? Join the discussion by adding your comments.