If you were going to put together two areas of the market which are complete duds, I bet that China and oil would be on that list. Oil prices have been in free fall since topping out over $64 at the start of the year, tumbling down to $47 during Wednesday’s trade. Then, there’s China. Not only have they taken a hit due to the trade war, but now they are taking a punch because of the coronavirus. Mix these two terrible parts of the market together and you get a stock or two that you should probably avoid. One of these stocks is today’s Bear of the Day.
China Petroleum & Chemical Corporation , an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. The company explores for and develops oil fields; produces crude oil and natural gas; processes and purifies crude oil; and manufactures and sells petroleum products.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
If you were going to put together two areas of the market which are complete duds, I bet that China and oil would be on that list. Oil prices have been in free fall since topping out over $64 at the start of the year, tumbling down to $47 during Wednesday’s trade. Then, there’s China. Not only have they taken a hit due to the trade war, but now they are taking a punch because of the coronavirus. Mix these two terrible parts of the market together and you get a stock or two that you should probably avoid. One of these stocks is today’s Bear of the Day.
China Petroleum & Chemical Corporation , an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. The company explores for and develops oil fields; produces crude oil and natural gas; processes and purifies crude oil; and manufactures and sells petroleum products.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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