Suzanne wrote: |
So far they have surpassed my normal income for the month so I took out some savings to throw at the stock market. Looks like an amazing time to buy.
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It interesting what sectors are popular and which to avoid. Energy, utilities, healthcare, consumer goods things like that. Lovely to have the time to sort through the trends. |
You are right on the investment opportunities. The hardest hit industries are entertainment and travel. While I think this will be a LONG road to recovery, here are some stocks I'm considering:
DAL - Delta Airlines, severely depressed but will rebound quicker than other industries as travel needs come back
Boeing - Depressed from a double whammy of 777Max issues and lack of travel demands, are getting new orders and ramping up production right now.
Cinemark Theatres - severely depressed from lack of attendance. A bit more of a gamble as they could go through a bankruptcy if this goes on to long, but has alot more cash on hand than AMC theatres (its going to go under, no doubt).
F - Ford, stock is way down with lack of production, but is going to get that government money making ventilators until auto production kicks back in. Also give a dividend.
OIL - oil futures... oil is hitting historic lows. Futures even went negative today!!! Hit almost NEGATIVE $1.5, thats insane. Paying people to take oil,it wasn't all that long ago it was $150+ a barrel.
CCL - Carnival Cruise lines is also another thought, but it may take alot longer for them to come back than other industries.
-DallanC