California Water Service Group (CWT) was added to the watchlist over the weekend. We try to give three new stocks each week with entry points. If you read Saturdays update you saw we added CWT, XOM, UNP...our thoughts were on rising gas prices and rising temperatures. We said to buy CWT under 37. The stock gave us two opportunities. One on Monday, and again at today's open... CWT was today's biggest winner. 
CWT 38.11+1.36 (+3.70%)
37 was our magic number!
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As for XOM ...we reiterate "rise in gasoline prices"...and again this stock gave us a chance to get in at our target entry point of 70. Did you buy on monday? we did! check out the chart:
GET READY for record summer heat and gas prices! BUY XOM, drink water CWT, and look for us to add a utility soon! GAME ON!
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AND (UNP) ....UNION PACIFIC is under our entry buy target of 97...with high gas prices, thoughts are of an increase in rail use. We dont see as big a potential return here as the other two, but we are still confident in UNP 96.21+0.10 (+0.10%)...Prudential hit it with a neutral rating and a $102 target...Merrill targets $106...you know we love 5-10% gains....let's ride the rail and find out!
1 comment:
nice calls on UNP and XOM...
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