Google
 
Web Invest4today.blogspot.com

Wednesday, April 16, 2008

Adding Nucor (NUE) & Selling Agriculture Strength

I made a few moves today. Towards the close I sold calls against some agricultural positions. Shorter term (next couple of trading sessions) I expect the agricultural stocks to come in a bit. I have been bullish on Mosaic for a 170% gain since October 3rd and have liked Terra (TRA) & Terra Nitrogen LP (TNH) for almost a year.

The infrastructure boom cannot be ignored. I am currently holding McDermott (MDR) and Vale (RIO). Today I added Nucor Steel (NUE) to the portfolio. I also considered US Steel (X), but felt that Nucor is better managed (higher operating margins and return on equity) and is also less expensive based on forward earnings estimates. US Steel is also a bit more volatile with a Beta over 2.50. Nucor reports earnings before the open tomorrow.

39 Comments:

Blogger hahighbaby said...

Is it a good idea to have a portfolio focused soley on commodity based stocks? Tech seems to be moving, after being beaten down.

And another thing, any kind of hedge to use, as the market still seems wobbly. Establishing long positions now, doesn't seem prudent. (or is it?)

4/17/2008 5:36 PM  
Blogger Big Ben said...

I wouldn't recommend having a portfolio just of commodity stocks. You need to be diversified. If you held a portfolio composed only of telcom and internet stocks in 1999-2000, you would not be a happy camper in 2001. Same applies to commodity stocks in 2008.

I am not a real big fan of Tech as an industry. I like to look at businesses that are easy to analyze. The first question I ask is "how does a company make money?" I have a tough time answering that question for tech companies. Technology is constantly changing and I find it more difficult to determine where a company stands in the cycle.

As far as hedges, you can sell covered calls on your portfolio. You can also take a look at the short ETFs like (DOG). I would call your broker or advisor for advice.

4/18/2008 7:47 AM  
Blogger hahighbaby said...

From what you have posted, your portfolio seems tied wholly towards commodities. MDR the exception, but is tied to offshore oil rigs. So thats why i asked.

Any other sectors your invested in?

Hopefully the market holds up, as it seems its broken its bearish trend. Your stock picks all seem like winners. Nice blog, btw.

4/19/2008 5:02 PM  
Blogger themicrokid said...

I like the idea of selling covered calls when stocks are high. I just sold covered calls on UNG and EBAY.

Enjoy reading your blog.

Micro
themicrokid@gmail.com
http://themicrokid.blogspot.com/

4/20/2008 7:56 PM  
Blogger TopTenAnything said...

Hello,

I stumbled upon your blog through my friend over at tradinggoddess.blogspot.com, and after looking through a couple of your recent posts I've added it to my RSS reader. I couldn't find any contact information, I was wondering if you'd be interested in a link exchange with my stock blog over at wallstreetmatador.com. Thanks for your time, and keep up the great work!

Best,

Mark

4/27/2008 8:13 PM  
Blogger hahighbaby said...

This comment has been removed by the author.

4/30/2008 1:44 AM  
Blogger hahighbaby said...

The Ag correction Big Ben predicted has arrived. Even at more attractive levels, Ag may be showing more risk/uncertainty with corn based ethanol losing considerable backing as a sub for oil.

Ethanol is/was an ill-advised replacement for oil. The costs/consequences are only now being realized.

4/30/2008 2:16 AM  
Blogger Investing Tool said...

How to select which sector to invest ?

5/11/2008 2:33 AM  
Blogger hahighbaby said...

IBD has a sector raiting system, ranking all the top performing sectors. Very good resource. Also has a top 100 momentum stocks. Try the free trial. Both are in the daily newspaper (digital or print).

I believe Ben used ibd.

5/16/2008 10:54 PM  
Blogger Marcus said...

If your business needs a Business Loan? Visit www.ezunsecured.com for no doc or full doc options.

6/24/2008 2:55 PM  
Blogger rajasekar said...

From what you have posted, your portfolio seems tied wholly towards commodities.

For:Outsource Bookkeeping
mailto:tinamike.davidson@live.com
http://Books2Taxes.com!

10/14/2008 5:11 AM  
Blogger KARRAX said...

This is Very good site! :)
I like this Article!

Johnny

http://www.investingforexclub.blogspot.com/

2/24/2009 5:20 AM  
Blogger KARRAX said...

This is Very good site! :)
I like this Article!

Johnny

http://www.investingforexclub.blogspot.com/

2/24/2009 5:20 AM  
Blogger JHerscheid said...

Anyone who is interested in investing... use scottrade ... it is great for beginners and low fees ... get 3 free trades when you make an account and enter in my promo. code (VUVR5555) ... watch my youtube video if you are confused! http://www.youtube.com/watch?v=hq9ku-YLC0c

6/04/2009 10:03 PM  
Blogger debt counseling agent said...

Great post and nice blog.

1/23/2010 9:22 PM  
Blogger e-Definer Technology - Web Design Company said...

This comment has been removed by the author.

10/15/2010 5:12 AM  
Blogger UPTINDIA said...

Agriculture shares had bad experience with me also.good analyst people can make money here
http://www.hionstocks.com/w/home.aspx

11/19/2010 2:57 AM  
Blogger UPTINDIA said...

what is right share pick u feel?

hionstocks

11/19/2010 3:03 AM  
Blogger Allie F. said...

This comment has been removed by the author.

1/27/2011 10:35 AM  
Blogger Addictive Media said...

Congratulations on having one of the most sophisticated blogs Ive arrive across in some time! Its just incredible how significantly you can take away from one thing simply because of how visually beautiful it's. Youve put together a fantastic weblog space --great graphics, videos, layout. This is unquestionably a must-see weblogWebsite Design Gurgaon

3/25/2011 9:49 PM  
Blogger finance said...

Oh my goodness! Youre so right! I really dont think anyones put it that way before! You must be an expert on this because you just made it so easy to understand, made me want to learn more about it! Do you, like, study this subject because you seem to be so in tune with the issue? Keep it up, man. Youve got a great mind for it!

5/28/2011 4:33 AM  
Blogger finance said...

Oh my goodness! Youre so right! I really dont think anyones put it that way before! You must be an expert on this because you just made it so easy to understand, made me want to learn more about it! Do you, like, study this subject because you seem to be so in tune with the issue? Keep it up, man. Youve got a great mind for it!
Financial Planning

5/28/2011 4:34 AM  
Blogger inside investors said...

very informative. Great blog

6/21/2011 4:27 PM  
Blogger franky said...

Very interesting. I had seen it many times yet not felt the urge to blog on it. When you blogged, it made interesting reading.
cheap flights to Shanghai |
cheap flights to Rio de Janeiro |
Cheap flights to Melbourne |

7/15/2011 1:14 AM  
Blogger Magento said...

The blog seems to be very nice.Investment is a very big issue.we need to think very carefully where to invest .Thanks for sharing the post.
Bahrain website design company

7/26/2011 12:51 AM  
Blogger Free Intraday Stock Tips said...

I read your post on <a href="http://nifty-futures-tips.blogspot.com>Nifty Future Tips</a>. That was amazing. Your thought processing is wonderful.
The way you tell the thing is awesome. They are inspiring and helpful.

Thank you.

9/14/2011 6:51 AM  
Blogger sathya said...

Nice one.Great content.I really appreciate you.Whatever given here everything should more useful.

11/18/2011 12:52 AM  
Blogger Prasad said...

Yes I totally agree to you and well written in this post

-------------
Life Insurance policy

12/22/2011 1:41 AM  
Blogger Raahi said...

It was a awe-inspiring post and it has a significant meaning and thanks for sharing the information.Would love to read your next post too......
Thanks
Regards
Stock Tips

1/02/2012 11:09 PM  
Blogger Gold Trade Tips said...

investment is a good base to gain the profit that is by maximum people take the chance to invest.commodity tips can help you for better return in investment we provides 3 day free trial for commodity, daily nifty tips on mobile, intraday call on your mobile. commodity Tips

1/12/2012 4:01 AM  
Blogger Stock Exposure said...

have some information regarding this material here at http://www.stockexposure.com

1/25/2012 4:50 PM  
Blogger Raahi said...

I was checking constantly this blog and I’m quite impressed! Very useful information...
Great Post!!

Thanks
Regards
Commodity tips

5/15/2012 1:09 AM  
Blogger punit unisense said...

Great collection of tips are here..nice to see this!

stock market tips

9/13/2012 5:03 AM  
Blogger INTRDAYTIPS said...

Very nice blog and Thanks for sharing

Day Trading tips |share tips for day traders |Nse tips

6/10/2013 1:34 AM  
Blogger PraniShah said...

The Sensex is down 175.92 points at 21063.44, and the Nifty is down 44.55 points at 6272.80. About 947 shares have advanced, 982 shares declined, and 100 shares are unchanged.

Moneycontrol

11/04/2013 11:21 PM  
Blogger neeraj1182 said...

Sookshma Stocks BSE App allows you to add multiple graphs one after other on a single screen where you can easily observe and compare the stock price movements for up to 50 stocks at a time. In app you will also get separate study places to analyse the trends of Indices, Sectors and Stocks of BSE.
In the app you will also be able to track your Total Investments, Day Profit/Loss, Net Profit/Loss, Investment Transactions, Transactions History and lots more...
To experience and know more download app today, also don’t forget to rate and review if you like the work done! Enjoy...

https://play.google.com/store/apps/details?id=com.sookshma.stockmarket

5/21/2014 4:21 AM  
Blogger Simran Shah said...

Are You Suffering From Losses In Stock & Commodity Market ? So You are in right place. We are free and accurate tips
If u want to convert your losses into profit Click here:- http://www.emailmeform.com/builder/form/00Oc6iEsBd19HWxdXf

8/07/2014 3:39 AM  
Blogger niravpatekar said...

Thank you for sharing such great information. It has help me in finding out more detail about Life Insurance!

12/02/2016 5:45 AM  
Blogger Kritika Singh said...

I was looking for something like this ,Thank you for posting the great content……I found it quiet interesting, hopefully you will keep posting such blogs…


Intraday Tips

12/20/2016 4:25 AM  

Post a Comment

<< Home