Back to archive
The Money Map Advantage
Thursday, August 4, 2005
By Horacio Marquez
#3
** Energy Remains Strong
Westmoreland Coal (AMEX: WLB) saw a 1.06% profit-taking yesterday, along with most energy stocks, as U.S. oil inventories crept up on record oil imports. I am not concerned with this, since I believe some hoarding of oil is going on because of the change of leader in Saudi Arabia, but most importantly, because demand keeps going up strongly on an accelerating U.S. economy while supply is extremely tight, with little hope of ample expansion.
Also, there was a new high in the coal sector: Natural Resource Partners (NYSE: NRP), which blew away projections and increased guidance. Westmoreland Coal reports on August 8 and we are confident in its continued outperformance.
Our last pick, Petroleo Brasileiro (NYSE: PBR) is recovering as more investors jump into my view that Lula will survive (unscathed) the current political scandals, but also as the Brazilian currency, the Real, recovered strongly. As if this news were not enough, the Sao Paulo stock exchange (BOVESPA), showed that foreign investors bought $2.5 billion in the exchange in July. This strong buying in the middle of a political crisis is a very bullish sign indeed.
With the electoral cycle ahead next year and the current run on commodity prices and renewed dollar weakness, Brazil’s economy and stock markets should continue to provide us with profit opportunities.
I am very busy scanning the world for the next stock pick and looking for a good entry point in a handful of select candidates.
Enjoy and profit,
Horacio Marquez
Stock
Current Price
Comments
Westmoreland Coal (AMEX: WLB)
$27.61
Buy. Sell stop is $20.20.
Petroleo Brasileiro (NYSE: PBR)
$56.53
Buy. Sell stop is $42.23.
Copyright – 2005 Mount Vernon Publishing. Mount Vernon Publishing does not act as an investment advisor or advocate the purchase or sale of any security or investment. Mount Vernon Publishing expressly forbids its writers from having a financial interest in any security recommended to its readers. All of our employees and agents must wait 24 hours after an Internet publication prior to following an initial recommendation. And for hard-copy-only publications, 72 hours after the publication is mailed. Investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Mount Vernon Publishing provides its members with unique opportunities to build and protect wealth, globally, under all market conditions. The executive staff, research department and editors who contribute to recommendations are proud of the reputation Mount Vernon Publishing has built since its inception in 1984. We believe the advice presented to its members in our published resources and at our meetings and seminars is the best and most useful available to global investors today. The recommendations and analysis presented to members is for the exclusive use of members. Copying or disseminating any information published by Mount Vernon Publishing, electronic or otherwise is strictly prohibited. Members should be aware that investment markets have inherent risks and there can be no guarantee of future profits. Likewise, past performance does not assure future results. Recommendations are subject to change at any time.
Market Watch
NASDAQ
1528.95
0.00
SP 500
813.88
0.00
DJIA
7749.81
+89.84
As Of 6:11AM 3/26/2009
Attention Money Map Subscribers!
Money Map Report,
New China Trader
& Money Moves Alert
are now found at www.moneymappress.com
