"I think that the most compelling stocks are dry bulk shippers," says Charles Payne. In WStreet Market Commentary he looks at the sector, its implications for the economy and his top picks.
"The dry bulk shipping group had been under a fair amount of pressure after a meteoric rally that said rates would come on with a Tiger Woods-like rebound after swooning at the start of the year.
"I consider the dry bulk index the best barometer of the health of the global economy.
"There is no doubt that at some point higher crude oil becomes the headwind everyone says it is, but I'm still not sure that level has been reached yet.
"On the global stage, many nations are paying substantially more for gasoline than the U.S. and yet their economies continue to improve. Obviously, on the one hand we would like crude oil to respond to a demand tipping point by way of Americans saying 'no mas.'
"By the same token; however, it would also be encouraging to know/see the economy getting better even in the face of this would-be headwind.
"I have to say that recent slide in dry bulk rates could be more technical rather than some sort of reaction to higher crude oil; the long-term trend is intact and today's action is compelling.
"Our favorites in the group include Genco Shipping (NYSE: GNK) which looks great in current trading, Teekay Shipping (NYSE: TK), and Diana Shipping (NYSE: DSX). All of these stocks are oversold and have tremendous room on the upside."
Ken Kam follows 70,000+ stock pickers who run virtual portfolios on Marketocracy; he looks for stocks bought by the 'best' while being sold by the 'rest'. Here's his two latest ideas.
"We've recently seen a nice assortment of stock splits," says Neil Macneale, whose 2-for-1 portfolio only include stocks announcing splits. Here's his latest buy: Graham Corp. (NYSE: GHM).
In The China Trader, editor Keith Fitz-Gerald looks at two plays in Chinese online gaming, noting, "Each has spectacular numbers in recent months and stellar growth prospects."
"Despite the expected pullback in oil, we're as bullish as ever," notes Larry Edelson, editor of Real Wealth. Here, he looks at Canadian pipeline operator, Enbridge (NYSE: ENB).
Although not yet formally recommending the ETF, fund expert Doug Fabian takes a look at the a new ETF invested in dividend-paying Middle Eastern stocks in his Making Money Alert .
Mark Skousen's latest book, “EconoPower: How a New Generation of Economists is Transforming the World” (Wiley & Sons), is available for $16.47 (plus shipping) from Amazon.com (retail price is $24.95).
Included is a discussion of the new field of behavioral finance, with economists as Richard Thaler, Robert Shiller, and Jeremy Siegel.
Global ETF expert Carl Delfeld of Chartwell Advisors is hosting a investment tour from January 26th to February 2nd, 2009. The luxury tour visits Singapore, Malaysia and Thailand plus 3 days on the Orient Express. For information, call 877-202-4939.
Sy Harding, editor of Street Smart Report, has just published Beat the Market the Easy Way -- an in-depth review of seasonal market patterns and their application to long-term timing.
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