From the desk of Steve Strazza @Sstrazza
Stocks are having a tough time these past few weeks. Selling pressure is not just accelerating; it’s spreading.
Even the leaders aren’t providing shelter from this latest storm…
A lot of the commodity stocks we’ve been focusing on for long exposure in recent months are experiencing significant volatility and are now back below our risk levels.
We want to be patient and wait for the dust to settle for most of these trades.
While this is the case for the majority of stocks right now, there are always pockets of strength.
The most obvious among them right now is energy. The resilience from energy continues to impress us.
Today, we’re going to outline long ideas in a popular exploration & production name as well as an international bank stock.
Let’s get to it.
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