With all the inflation, the energy sector has been one of the greatest beneficiaries. Oil prices are well over $100/barrel and the S&P 500 energy sector has returned nearly 72% over the past year. All this while everything else in the market is falling. I purchased my first shares in Exxon Mobil (XOM) in 2017, at an initial price of … [Read more...]
Archives for May 2022
Recent Buy: Vici Properties
Last quarter I mentioned how I sold entirely out of my Disney (DIS) position. Parks were open and the streaming service was still gaining subscribers. I got lucky and got out at a price of $155. By May 9th, about an hour before market close, DIS was only trading at $107. My reasons for selling had to do with the lack of a dividend, poor cash … [Read more...]
Weathering the Storm
“If you want to see the sunshine, you have to weather the storm.” - Frank Lane The storm is here! From the time between my last article and today, we’ve entered a brutal correction. The S&P is down more than 10% and the tech-heavy Nasdaq is down over 20%. So, technically we are in a bear market, depending on which index you look at. … [Read more...]