With a reputation for an itchy trigger finger, the liquidator’s been known to sling trades faster than you can say ‘submit’. But this time Joe Terranova is digging in his heels for the long-term, with an oil trade that can keep the profits flowing, despite volatile oil prices.
Let's ease off the accelerator for just a moment and give you the slow money for the long term.
Because all this week, Fast Money’s giving you their picks for the really long haul - the next 5 years.
Joe Terranova
My trade is to buy and hold Exxon Mobil for the long-term, says the Liquidator.
When John D. Rockefeller began this company he set an unbeatable strategy in motion that's still practiced today. And that strategy is year on year to provide returns that beat the competition.
On top of that, the globe needs energy and Exxon will provide it. And they're also into bio-fuels which I like.
