Miners who control costs, even more so than increasing production, are the ones who will do well in this current cycle, especially with China’s expected slowdown. Our favorite of the bunch remains a key Wealth Builders Portfolio member.
Our bullish outlook for the energy and financial sectors support higher buy targets for three of our Wealth Builders. We also swap our lone consumer-discretionary position for a name that offers a better risk-reward proposition.
The US dollar continues to reign supreme in the global currency markets, resulting in tough sledding for American investors who own Canadian stocks. But bargains abound for patient investors who don’t mind collecting generous dividends while they wait for the market to settle and improve.
We continue to add stocks to our watch list in anticipation of a pullback in the broader market. Here are three more names that we have our eyes on for potential inclusion in the Wealth Builders Portfolio.
Technical factors and weakness in the US economy suggest that the risk of a 5 percent to 10 percent pullback in the S&P 500 continues to rise. As a precaution, we’ve exited a number of positions in recent months, usually for a profit. We highlight several stocks we’re watching for potential inclusion in our Wealth Builders Portfolio.
Weakness in the prices of crude oil and natural gas liquids have ratcheted up the pressure on producers, prompting operators to scale back planned capital expenditures and, in some cases, slash their dividends. But the energy sector still houses some appealing options for income-seeking investors.
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