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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (5690)	4/19/2018 7:57:09 AM
From: Jerome	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26875

Bob, Thanks for the update and the response to my inquiries. I have always told my friends, that if half the things you plan in Life work out then you are ahead of the game. I think you mastered the situation. Investment wise I'm looking for things that could work out near term. Oil stocks and Natural Gas are on my horizon list. I think that you are right about crude heading higher because of the Aramco IPO. Many of the oil majors have leaned themselves to be profitable at $40.00/per barrel oil. All the pundits talking about low future prices for oil, have been quiet as of late. Its a case where you can pick a good oil major at a decent valuation. My personal favorite is BP, which I have owned for the past two years. Good prospects and a 6% dividend. The intersection of Wall Street and politics can not be avoided. I used to keep these in separate compartments, like socks and T shirts in separate drawers, but Trump has changed all of that. When he attacks a company or industry he does some real short term damage. And then a few days later he modifies the attack and the stock recovers. He has attacked steel imports, solar panel imports,auto imports and Chinese exports. He has praised domestic coal producers, iron producers, oil producers, and domestic producers of his favorite products. Long term things revert to the norm. Nothing is going to save coal from extinction, solar energy will continue to grow in California and Texas, with or without import duties, Domestic iron production will continue at about the same level , since his import fees only affect 10% of the imports. Nafta will remain in place with only some minor changes, because GM, Ford and other auto manufactures will insist on leaving things as they are. On my horizon list are some solar stocks. I read recently that Texas gets about 20% of their electrical needs from solar and wind turbines. The rest of the country is playing catch up. Iowa and Wyoming are also big on renewable energy.. Some of the solar companies have very low valuations with good growth prospects. I stay clear of trendy stocks with high valuations, because when the correction comes they get hurt the most. Jerome