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Bret Jensen

 
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  • Time To Buy More Pacific Drilling
    Wed, Aug. 27 PACD 25 Comments

    Summary

    • One of worst performing sectors of the market in 2014 has been offshore drillers due to worries about overcapacity and possible impacts to day rates.
    • Being a contrarian investor, I have continued to build positions in the sector including recently adding to my stake in Pacific Drilling.
    • This Luxembourg based offshore drilling play has a new fleet, cheap valuations, great growth prospects and some possible significant payouts in 2015.
  • Ultra Petroleum: Buying This Cheap Natural Gas Play
    Tue, Aug. 26 UPL 32 Comments

    Summary

    • The stock of Ultra Petroleum has been rallying since a recent major and accretive purchase.
    • There are many reasons to be increasingly positive on Ultra's longer-term prospects.
    • Based on its earnings trajectory, the shares are very cheap and should have significant upside from current levels.
  • Summit Hotel Properties: Still An Attractive Yield Play
    Sun, Aug. 24 INN 6 Comments

    Summary

    • Real estate investment trust Summit Hotel Properties is up some 20%, including dividends, since I provided a "deep dive" on it 14 months.
    • The company continues to relentlessly execute against its strategy of expanding into top lodging markets.
    • The shares are undervalued to peers, provide an over 4% yield and still are attractive on a valuation perspective.
  • Abraxas Petroleum: My First Trade For Monday
    Sun, Aug. 24 AXAS 29 Comments

    Summary

    • Recently a small cap E&P concern I took huge profits in earlier in the year has popped back onto my radar screen again after a recent 15% decline.
    • This company, Abraxas Petroleum, is executing well and seeing huge production growth which is translating into major earnings increases.
    • Abraxas is profiled below along with several factors that should boost the stock significantly over the coming 6-12 months.
  • Halliburton: 10% Decline Is A Solid Entry Point
    Fri, Aug. 22 HAL 15 Comments

    Summary

    • The recent pullback in oil and natural gas prices has negatively impacted the energy sector over the last month, causing it to underperform the overall market.
    • Halliburton has been caught up in this decline by the energy sector, despite strong quarterly results and several analyst upgrades.
    • The recent 10% sell-off in this pre-eminent energy services concern looks like an actionable time to accumulate shares in this cheap stock with good growth prospects.
  • 3 Attractive Energy Names For Under $10 A Share
    Fri, Aug. 22 AMZG, CPE, EOX 28 Comments

    Summary

    • Exploration and Production companies have sold off over the past month as prices for oil and natural gas have come down recently.
    • These declines are providing long term growth investors some solid entry points to buy into the continuing boom in domestic energy production.
    • Profiled below are three attractive, fast growing small cap E&P plays which are all now priced at under $10 a share.
  • Ashford Hospitality Trust: A Strong Yield Play In Lodging
    Thu, Aug. 21 AHT 13 Comments

    Summary

    • I have been lightening up on some of the real estate investment trusts within my income portfolio as they have had large gains and interest rates should rise from here.
    • One exception to this is real estate investment trusts in the lodging space as the business fundamentals in this area are very strong right now.
    • Ashford Hospitality Trust is a strong play within this lodging area with cheap valuations, solid management and a nice and soon to be increasing yield.
  • Microsoft: Time To Take Profits
    Thu, Aug. 21 MSFT 52 Comments

    Summary

    • Microsoft has had a huge run in the market over the past two years and has served my portfolio well over that time frame.
    • However, after the stock's over 80% returns of the last two years, the shares are not as cheap as they once were.
    • A lot of the good news seems priced into the stock at these levels. Why I am taking profits on this old friend is profiled below.
  • EOG Resources: Time To Start Accumulating
    Wed, Aug. 20 EOG 20 Comments

    Summary

    • EOG Resources, the biggest leaseholder in the Eagle Ford shale formation, has sold off ~$10 a share or 10% on the recent decline in energy prices.
    • This stock is never "cheap" but the pullback is a good entry point to start accumulating some shares of this premier E&P concern.
    • The company has had an impressive history of production growth, possesses a deep drilling inventory and a growing percentage of production coming from oil & liquids.
  • Gilead Beats Apple To $100. Who Will Win Race To $120?
    Tue, Aug. 19 AAPL, GILD 51 Comments

    Summary

    • Biotech juggernaut Gilead Sciences closed above the $100 a share milestone for the first time on Monday.
    • Another large cap growth stock in my portfolio, Apple, looks like it is on track to accomplish the same feat by the end of the weak.
    • Both companies are cheap based on growth prospects and have outstanding positive catalysts in the near future. Which stock will be the first to cross over the $120 level?
  • An Update On A Couple Of Small Biotech Plays
    Tue, Aug. 19 AVNR, DVAX 3 Comments

    Summary

    • The small biotech sector is for speculative investors that can handle the inherent volatility in the space.
    • Investors should be well diversified in this area as there will be many failures compensated for by the occasional five or ten bagger.
    • Below are updates on a couple of promising speculative plays I hold within my own portfolio.
  • Insiders Still Buying These Attractive High-Yield Plays
    Mon, Aug. 18 RSO, CLDT 25 Comments

    Summary

    • I have started to reduce the amount of allocation going into my income portfolio as interest rates should rise from current levels.
    • However, I'm still adding some funds on market dips to yield plays with attractive attributes.
    • Here are two income plays that possess desirable valuations, high yield and have seen recent insider buying recently as well. I have added to both recently.
  • Las Vegas Sands: Recent Dip Is Good Entry Point
    Mon, Aug. 18 LVS 60 Comments

    Summary

    • I have found one of the best things for long term investment performance is having a stable of good growth plays that occasionally suffer pull backs.
    • This gives an intrepid investor opportunities to add to their stakes when the market puts them into oversold territory.
    • Las Vegas Sands is one of those core growth plays that is down 20% over the last six months. Why the stock should go higher from here profiled below.
  • Watching The Market's Price To Sales Ratio
    Mon, Aug. 18 BGFV, AVT 15 Comments

    Summary

    • One of the concerning stats of the current market is the extreme price to sales ratios that exist in the S&P 500 compared to historical norms.
    • A contrarian way to counteract this sign of overvaluation is to find stocks with low price to sales ratios that seem undervalued in the market.
    • Here are two relatively underfollowed equities that have very low price to sales ratios and should reward long term investors.
  • Barron's Highlights Some Attractive Tech Stocks
    Sun, Aug. 17 OVTI, JNPR, AAPL 16 Comments

    Summary

    • Barron's, the widely followed industry magazine, had several positive pieces on technology stocks this weekend and they could receive a "Barron's Bounce" on Monday.
    • Although I am not sanguine on the overall market at current levels, I am overweight the technology sector in my own portfolio.
    • Profiled below are three cash rich, attractive tech stocks Barron's is positive on. They represent good value in an overvalued market.
  • Berkshire Ups Their Bet On Chicago Bridge & Iron
    Sun, Aug. 17 CBI 71 Comments

    Summary

    • Chicago Bridge & Iron has declined more than 30% since recent allegations of "creative accounting" by an obscure source.
    • Bigger analyst firms like UBS and Barclays have a different take and have reiterated their "Buy" ratings and have price targets more than 40% above the current stock price.
    • Why I am betting with Berkshire Hathaway which recently upped its stake in Chicago Bridge & Iron by 12% and now have 10% of the outstanding float.
  • Gilead: More Good News For This Biotech Juggernaut
    Fri, Aug. 15 GILD 103 Comments

    Summary

    • The good news just keeps rolling in for biotech juggernaut Gilead Sciences.
    • Despite massive increases in earnings and revenues this year, the stock still attracts its share of skeptics.
    • Highlighted below is my rebuttal to a recent short thesis on Gilead and why is stock is still cheap and going much higher.
  • Yes, Me Worry
    Thu, Aug. 14 SPY, DIA, QQQ 84 Comments

    Summary

    • The market has held up very well despite numerous geopolitical flare ups over the past few months.
    • However, despite a better than expected earnings seasons, investors are too sanguine about various negatives in the equity markets right now.
    • Why discretion is the better part of valor with the market at these levels.
  • Ford: Geared Up For Strong Second Half Of 2014
    Wed, Aug. 13 F 94 Comments

    Summary

    • Ford was upgraded today at Stern Agee which went from "Hold" to "Buy" on the American manufacturing icon and has a price target 25% above the current stock price.
    • Thanks to a slew of new model roll launches and other factors; Ford stock is set up to be strong performer in the back half of 2014 and into 2015.
    • The stock is the perfect blend of yield, value and growth. Highlighted below is why it is one of the larger positions in my own portfolio.
  • 2 High Yield Plays In Energy Moving On News
    Wed, Aug. 13 BPL, BWP 11 Comments

    Summary

    • I have lightened up on most of the REIT sector recently as interest rates appear more likely to rise by end of year instead of continuing to fall.
    • Most of my income portfolio is situated in energy partnerships as the country is in the middle of a huge energy boom boosting growth prospects.
    • Profiled below are two interesting plays in the space that have also been in the news recently.
  • Oppenheimer: Gold Miners Have 40% Upside
    Wed, Aug. 13 ABX, GDX, GDXJ 10 Comments

    Summary

    • Oppenheimer came out today with a call that gold mining stocks could see a breakout of up to 40% to the upside.
    • After underperforming for years, gold miners are starting to outperform the underlying price of gold.
    • There are a variety of ways to play this call including my favorite possible acquisition in the space.
  • 2 Stocks Only Day Traders Can Love
    Tue, Aug. 12 LOCO, TKMR 6 Comments

    Summary

    • Optimizing investment performance is as much about the stocks and sectors one avoids as it is about the equities one purchases for their investment portfolio.
    • Stocks moving exponentially on news or the buzz of an IPO I have found can blow holes in one's portfolio.
    • Below are two highflyers that only day traders can love and trade.
  • Hospitality Properties Trust: High-Yield Play Continues To Deliver
    Tue, Aug. 12 HPT 14 Comments

    Summary

    • I am lightening up on the real estate investment trusts in my income portfolio as interest rates are liable to rise from here and the sector has had a great 2014.
    • The primary exception to this move is the Hospitality REIT space which is showing continuing improving business fundamentals.
    • Why Hospitality Properties Trust with its 6.5% dividend yield looks very attractively valued at current levels is highlighted below.
  • Keeping A Wary Eye On Europe
    Mon, Aug. 11 SPY, DIA, QQQ 39 Comments

    Summary

    • The S&P 500 is having its best two-day rally in six months on lessening of several geopolitical concerns, at least on a temporary basis.
    • I believe this is likely to be a "false" rally and I am most concerned about recent economic developments in Europe.
    • For reasons highlighted below, I think "Caution" is more warranted than "Greed" here and why I am keeping a wary eye on Europe.
  • A Couple Of High-Yield MLP Plays From The Barron's Roundtable
    Mon, Aug. 11 MWE, TEP 12 Comments

    Summary

    • Barron's provided a deep dive of the energy master limited partnership space in this week's edition.
    • The article did a very solid job of covering the impressive growth of the sector over the past five years and the tax structure of these entities.
    • Below are two fast growing midstream partnerships that provide a nice and increasing yield along with excellent growth prospects.
  • Hard Times Will Continue At These Iconic American Retail Plays
    Sun, Aug. 10 MCD, TGT, WMT 48 Comments

    Summary

    • One of the hallmarks of the tepid post war recovery of the past five years has been the lack of wage growth at the lower end of the scale.
    • This trend has accelerated since the recession ended and is having a significant impact on areas of retailing that cater to these consumers.
    • Here are three American retailing icons that have borne the brunt of this "wealth inequality" and are likely to continue to do so.
  • Barrick Gold: Future Looking Brighter Recently
    Fri, Aug. 8 ABX 12 Comments

    Summary

    • Barrick Gold, after two years of being one of the market's biggest laggards, is starting to move up recently.
    • The shares are benefiting from a couple of key analyst upgrades and talks picking up again around the possibility of a merger with Newmont Mining.
    • The company is cutting costs and has an improving free cash flow profile. It is also cheap based on peak earnings achieved in 2010 and 2011.
  • Buying The Dip Selectivity In Energy
    Fri, Aug. 8 DVN, OAS 14 Comments

    Summary

    • The energy sector has been caught up in the recent "risk-off" mode of the market. E&P stocks have been hit particularly hard.
    • These equities have also been negatively impacted by the recent decline in the price of oil and natural gas, but the sell-off seems overdone in some cases.
    • How I am building long exposure using bull put spreads on two attractive E&P plays that are offering good long-term entry points.
  • Transocean: The Bottom Is Close
    Thu, Aug. 7 RIG 34 Comments

    Summary

    • The shares of Transocean and other offshore drilling plays have been pummeled in the last month on concerns on the sector and "risk off" behavior in the market.
    • However, this giant offshore driller delivered very solid results across the earnings spectrum this morning which could arrest its recent decline.
    • The company is controlling expenses, sentiment seems overly pessimistic, and the stock provides a huge yield. The bottom feels like it is in or close for these cheap shares.
  • BlackBerry: Now Comes The Hard Part
    Thu, Aug. 7 BBRY 131 Comments

    Summary

    • BlackBerry has survived its recent death spiral thanks to new leadership and announced recently that its restructuring effort is largely over.
    • Now comes the tough part of its turnaround plan; reigniting growth and further capital appreciation in the stock.
    • Although I consider BlackBerry a speculative play at this stage of its turnaround, I can see three possible paths to increased relevance.
  • Bank Of America: The Bottom Feels Like It Is In
    Wed, Aug. 6 BAC 58 Comments

    Summary

    • Bank of America stock has languished for most of 2014, but the shares have spent the last few months consolidating in a narrow trading range.
    • The Federal Reserve just approved the company's capital plan which includes a dividend boost.
    • The rest of 2014 and 2015 look like they will be sunnier days for the bank, and the risk/reward is favorable for capital appreciation of the stock.
  • Who Will Be Swimming Naked When The Tide Goes Out? (Part IV)
    Wed, Aug. 6 BGFV, EOX, ZIOP 12 Comments

    Summary

    • We have been looking at the market this week as equities feel like they are at an inflection point on rising geopolitical concerns and the upcoming end of "QE3".
    • The recent decline in small cap stocks has been one of highlights of the sell-off as investors move into a "risk off" mode.
    • The recent dip in the Russell 2000 has left many small caps significantly below recent highs. Several attractive small caps are highlighted below that investors should accumulate on any dip.