Three Bullish Plays
May 30th, 2008 | By Bryan Bottarelli | Category: Gold MarketIn the most simplistic form, stock splits are the most bullish indicator you’ll find. In my entire investing career, I’ve never seen a weak (or bearish) stock execute a stock split.
Three stocks just executed stocks splits in May — all of which should be part of your portfolio.
Petroleo Brasileiro (PBR: NYSE)
PBR engages in the exploration, development and production of oil, liquefied natural gas, and natural gas in Brazil. It’s quickly emerging as one of the world’s top oil and energy companies. Petrobras split 2- for- 1 on May 8.
Cleveland-Cliffs (CLF: NYSE)
CLF is a mining company that produces iron ore pellets and supplies metallurgical coal to the steelmaking industry in North America. So long as steel demand remains hot, shares of CLF will continue to rise. Cleveland-Cliffs split 2- for- 1 on May 16.
Union Pacific Corp. (UNP: NYSE)
With high gas prices crippling the trucking industry, Union Pacific’s 32,205 rail miles linking the Pacific and Gulf c oasts with the M idwestern and eastern United States offers a strong investment thesis. UNP shares split 2- for- 1 on May 29 .
Based on my experience with stock splits, all three will continue moving higher. I consider all three names strong buys at current levels.
Sincerely,
Bryan Bottarelli, Bottarelli Research
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Source: Three Bullish Plays
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