Stocks to Nibble At While Waiting for Market Bottom
Eye on Dry Bulk
“That leads us to our top pick for 2008, which is a AegeanMarine --ticker, ANW . A bunkering tanker refuels ships so they’re not really transporting cargos or commodities, they’re refueling ships. And when you look at the shipyard delivery schedule for the next few years of crude tankers, dry bulk vessels, container ships, there will be a lot more ships delivered. The global fleet should increase in size by 45% and so with that increase in global fleet size as well as the number of bunkering tankers likely leaving the fleet to regulatory reasons in 2008, we think a Aegean Marine is in good shape to take advantage of those fundamentals.”
Doug Mavrinac, Jefferies Maritime Group Research Head
Consider Short & Inverse ETFs
"Contrary to the general market, the ETFs that are on the top of the list happen to be short and inverse ETFs. The best performing ETF year-to-date happens to be the ProShares, Ultrashort Semiconductor ETF. Stocks like KLE, Tencor Texas Instruments that have really been beaten up, here’s an ETF that actually takes advantage of that."
Tom Lydon, ETFtrends.com Editor