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Should you buy energy stocks? Market update 4-6-22

06 Apr 2022

Description

Leon Cooperman was on CNBC yesterday afternoon. He's my fave CNBC guest for many reasons, but the highlights were: 1) He's 68% invested in the market - he's taken some cash out.  2) He thinks the Fed screwed things up and will kill growth, but they need to.  3) He's still 20% in energy in his portfolio - which is heavy. 4) He's in COOP - Mr. Cooper - he said book value is in the $60's and the stock is in the $40's. I looked at insider transactions and all insiders are selling - not a good view.  Stocks I'm looking at: $UNG - Natural Gas - continues to go up along with $BOIL  $SHOP - 100% win rate since 2015 this week and this month - down significantly giving up all gains. Support levels around $650 if it continues to drop.  $QCOM - down again, but I believe this is a $200 stock by the end of the year. The market is trading chips down based on the future having a glut of chips.  $AMD - trade this from $100 to $120  $INTU - start positions under $500 even though the PE is high. This is a software company and they will make purchases in this environment.  $BTU - Thanks to Thomas for this one. $24 buy in on the algo - get it around there.  $URNM or $CCJ for nuclear  $DVN - get it under $60 and trade around that price point $UPS - get it under $200. This now is a value stock. 

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