Another New High for the Ultimate Basics Stock
Related Articles
It’s a runaway bull market for a trend we’ve been covering since last year… “the basics.”
The idea here is that while spending stocks like RV builders, boat retailers, and automakers struggle, companies involved in the basics will continue to do well… These companies sell things folks “have to have” rather than “want to have.”
The new highs in coal, natural gas, oil services, and agriculture companies show this trend at work. These are all basic industries that help produce food, fuel, and electricity. All are soaring right now. Also soaring is Wal-Mart – the ultimate destination for buying things we “have to have.”
Wal-Mart doesn’t sell $25,000 motorcycles or mega motor homes. Just the cheapest, most basic stuff in America. Sales are robust, and shares have gained 30% this year. As today’s chart shows, it’s a bull market in the basics.
Source: Another New High for the Ultimate Basics Stock
| Email Address: | Subscribe |
NO-SPAM PLEDGE: We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from Contrarian Profits with a few clicks.
Related Articles
Tags: , agriculture companies, Boat Retailers, Electricity, Gas Oil, Mega Motor, Motor Homes, Motorcycles, natural gas, Oil Services, Stocks, US stocks, Wal Mart, WMTAbout the Author
Brian Hunt is managing editor of Daily Wealth.
The DailyWealth mission is to show you how to avoid risky investment, and how to avoid what the average investor is doing. We believe that you can make a lot of money and do it safely by simply doing the opposite of what is most popular.