The Other Way to Make a Fortune in ‘Services’
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Ritchie Brothers… Transocean… Schlumberger. We’ve spent a lot of ink in DailyWealth showing you “domino effect” plays on the global commodity boom.
As the big dominos of $125 oil, $4 copper, $6 corn, and $1,000 gold fall onto the market, raw-material producers enjoy record cash flows. The next domino is all the cash finding its way to companies that supply equipment, services, and infrastructure to those producers.
If you’ve listened to our commentary on oil services, you’ve probably made a lot of money. But don’t forget companies like John Deere… Don’t forget the “ag services.”
John Deere is America’s largest farm-equipment maker. Think tractors, hay balers, plows, mowers, planters, and combines. Deere expects the booming farm economy to push up ag equipment sales by 35% in 2008. Shares are in a smooth uptrend. Like oil-service stocks, expect ag services to keep rising in response to high corn and bean prices.
Source: The Other Way to Make a Fortune in ‘Services’
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Tags: Commodity Boom, copper, corn, DE, Global Commodity, gold, Gold Fall, Nyse, oil, Oil Service Stocks, Oil Services, Raw Material, resources, US stocksAbout 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.