Turn up the Heat

Published on
January 30th, 2019
Topic
Macro, Trading, Equities
Duration
13 minutes
Asset class
Equities

Turn up the Heat

Trade Ideas ·
Featuring Peter Boockvar

Published on: January 30th, 2019 • Duration: 13 minutes • Asset Class: Equities • Topic: Macro, Trading, Equities

Peter Boockvar, CIO of Bleakley Advisory Group, joins Real Vision to reveal his latest stock pick for 2019. He discusses the bull case for this natural gas-infrastructure provider, notes the company’s strong fundamentals, and considers how exactly to make the play, in this interview with Justine Underhill. Filmed on January 29, 2019.

Comments

  • HJ
    Harry J.
    1 February 2019 @ 02:53
    How would you compare WMB to ET?
  • BH
    Bin H.
    31 January 2019 @ 23:35
    One thing I really do not understand is the strong correlation with WTI crude oil price based on his thesis. Any opinion on that?
    • MC
      Matthew C.
      2 February 2019 @ 12:47
      The stock is included in a number of ETFs that are used as a proxy for investors expressing their view on oil. Moves in those ETF's will impact all of the constituents within them to some degree.
  • CB
    C B.
    31 January 2019 @ 05:52
    WMB is a .11% weighting in VG Total Stock Mrkt. We’re good to go!
  • EL
    Eriksson L.
    31 January 2019 @ 04:12
    Thought on Enbridge $ENB with oil and natural gas based in Alberta, Canada? High dividend yields with valuable pipelines from Canada to US.
  • CM
    C M.
    31 January 2019 @ 03:17
    Really like this pick. While it does have some downside risk in a bad recession, we still need natuaral gas energy and believe he is correct on the secular trend. If Fed continues the insanity of low rates, then the 5% yield is a nice return on what looks like a stock building a nice base in this price range.
  • DS
    David S.
    30 January 2019 @ 21:00
    Well done. As an aside - since the markets are finally more volatile, it seems to me that the stop loss needs to be reevaluated. I know that it is important to understand what is at risk in a professional portfolio, but a stop loss does increase the risk of losing money on a trade. If you are stopped out at $10 as the stock goes to $9 the stop loss looks effective. But if the stock goes from $9 to your original target of $15, you took a loss instead of a profit. I would like to see a discussion on the benefits/risks using a stop loss and a strategies for setting stop losses in highly volatile markets. Thanks, DLS
  • DR
    David R.
    30 January 2019 @ 19:35
    With the weak dollar getting much weaker and looking very bearish by crashing key support levels against most currencies again & again, commodities and commodity service providers look attractive. They're mostly on a tear and should be bought on any correction as long as the dollar keeps plummeting.
  • RS
    Robert S.
    30 January 2019 @ 18:36
    $OGE same industry group ($DJUSPL) looks better.
  • RM
    Richard M.
    30 January 2019 @ 13:17
    Nice thesis and layout of the trade Peter - well done!
  • PA
    Pascal A.
    30 January 2019 @ 13:15
    Great analysis of the company especially by figureing out the secular shit away from coal to natural gas. However, the whole interview is destroyed by the price target and the stop loss level. I can understand that someone is bearish on the US stock market at the moment (but calling the relief rally a "dead cat bounce", really???), however, in late last year's sell off the stock went to $20.5. How can you be bearish for the overall stock market and put the stopp loss more than 10% above the level the stock was like one month ago?
    • PA
      Pascal A.
      30 January 2019 @ 13:16
      But I have to say that the overall quality of the analysis outweight the glitch at the end of the video. Nonetheless, I would use a selloff for a good entry level instead of taking the loss.
    • DR
      David R.
      30 January 2019 @ 19:28
      Pascal, the "dead cat" is the dollar..... US stocks aren't a dead cat as they're rising, albeit in dollar terms only, and with the dollar crash gathering pace, the bigger money for some months overall now has been made in certain markets outside the US - a trend that's also accelerating.
    • JM
      John M.
      1 February 2019 @ 06:39
      If we are in a bear market, generally speaking, there are more chances to lose than make money. The market selloff in Dec took WMB down with it. Energy is not a great sector to be in with declining growth & declining inflation (Quad 4 as Keith McCullough refers to it). Like the stock pick but going to wait until it is much, much lower!

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