Zacks.com releases the latest Analyst Interview. Today’s interview is with Director of Zacks Equity Research Dirk van Dijk, who discusses ExxonMobil (NYSE: XOM). ConocoPhillips (NYSE: COP), Diamond Offshore (NYSE: DO) and Transocean (NYSE: RIG).
A synopsis of today’s Analyst Interview is presented below. The full article can be read at www.zacks.com.
Which industries in 2008 – or in the near term in 2008, if you can think of any – do you see outperforming? And do you see any names you can cite that you think would be good investments?
Well, for a good, safe place to hunker down, middle-of-the-road investments: ExxonMobil (NYSE: XOM) and ConocoPhillips (NYSE: COP) look very good. If you want to get more aggressive, I like the drilling names, like Diamond Offshore (NYSE: DO) and Transocean (NYSE: RIG). I like the oil service side better.
Natural gas actually looks a little bit cheap here relative to oil, and may start playing some catch-up to oil, except on more of a secular basis. So maybe some natural gas-oriented names.
And energy is not the only place. Selected technology names look good – I don’t have any off the top of my head. Technology as a group has got pretty good performance, in terms of its earning growth coming. The stocks aren’t exactly cheap, but it’s not a terrible place to be.
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