Pouring Oil on Volatility
It should be an interesting trading day Friday as the markets anticipate elections in Greece and France over the weekend and ponder whether a coordinated central bank effort will happen soon. I believe the markets will remain very turbulent throughout the summer.
Although I remain cautious, some sectors have been hit so hard over the last few months that the bargains available right now are hard to ignore. One of the cheapest sectors I have found is oil services, especially in the small-cap space. Low natural gas prices have brought down earnings estimates over the last three months throughout the sector and cratered stock prices. Some of these stocks have significantly overcorrected and the long-term future for these companies concentrated on expanding domestic energy production is bright. Here are two promising companies that are selling for less than 5x forward earnings that should richly reward patient investors....295 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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