DJ> light metals...
...if you do a comparo-charto thingy (here on SI) you will see that AA and AL stock tend to track one another; AA has the better management, fwiw. Problem with Pechiney and Alusuisse and VIAG-VAW is melting chocolate euros :-/
Rather than AA, IP, DD you can always buy XLB - Basic Materials "sector spyder" or, options on this XLB basket - if you are bullish on the sector.
U.S. utility stocks were a good deal for EuroLand investors: they were selling at ridiculous P/E's (near BOOK VALUE) with 7~8% APR Yields in USD and ~20% upside capital gains since March ;-)
I was into REI - Houston and TXUpfI - Dallas utilities but, rotated into RJR - Tobacco about a week ago - after RJR announced that they would pay next quarterly dividend (~17% APR Yield). RJR and MO have very low P/E's and very high USD dividends but, the uncertainty of litigation. I don't think of these UTY and tobacco stox as investments, rather - as vehicles for cash management.
BGEN, I dropped in favour of AMGN, fwiw. Do a comparo-chart thing on SI here and you'll see why. For drugz, I'm out JNJ LEAP CALLs; now concentrated in PFEWLA : AMGN stock.
I like JDSU and PMCS. But they're so volatile, so many mo players in them - you'll need to approach them carefully, imho.
BWDIK? I'm heavy cash and just trying to handle all this volatility - just like you, DJ.
-Steve |
