Sell Fortescue Metals Group (FSUMF.PK)
As I wrote in my 11:45 post today, I think the short-term commodities cycle has turned. China’s buying spree, which fueled a furious commodity rally in the last six months, is, if not over, slowing. China’s buying in the second half of the year is likely...Sell Joy Global (JOYG)
Joy Global (JOYG) has blown through my target price for June 2010 in just two months. Try as I might, I can’t juggle the fundamental numbers to come up a reason to raise that target now, so I’m going to sell these shares out of Jubak’s Picks. Joy...Sell ExxonMobil (XOM)
When I added ExxonMobil (XOM) to Jubak’s Picks on December 23, 2008, I thought it was a reasonable way to balance risk and reward. The stock was a good way to reach for some upside return in case the global economy—and oil prices—rebounded more quickly than I expected...Sell Plum Creek Timber PCL
Results for Plum Creek Timber (PCL) have been grim lately. But, unfortunately, I don’t think we’ve heard the last of the bad news. In fact the second half of 2009 could bring significant disappointments. So I’m going to take my punishment now and sell these shares...Sell USB Capital VIII (USB-PG)
Shares of USB Capital VIII (USB-G) — what I’ve called US Bancorp, which I preferred for the sake of simplicity — have crossed above my $18 target price (for February 2010). I’m going to take my profits here with this strategy in mind. I think...Sell Petroleo Brasileiro ADR Reptg 2 Ord Shs (PBR)
I think the stock market has run way, way ahead of the economy. Too far ahead. Whereas a month ago every bit of news was seen through the darkest glass possible, today everybody is going gaga over the slightest sign that things aren’t getting bad as quickly as...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!