Jamie Dlugosch
Jamie Dlugosch is the founder and editor of the top-rated The Rational Investor. He has over 20 years of experience in financial markets including investment banking, equity analysis and research and money management.
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Top 10 Stocks for 2009April 9, 2009 By Jamie Dlugosch, Editor, InvestorPlace |
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Stock #7: Transocean (RIG)
You never know where success in a portfolio will come from. During the first quarter, one of the big winners in the market was offshore driller Transocean (RIG).
The company has benefited from the increase in oil prices more than most. Its shares are up more than 24% in just the first quarter alone. It would be tempting to take money off the table, but if oil prices are heading higher, there should be more gains for RIG.
Investors often sell their winners too early preventing huge gains that can crush the market. I say let it ride on RIG. If there is a stock that can double in value from the start of the year, it is this company. And $70 oil will go a long way in getting us there. Based on first-quarter performance, we are right on track for that double.
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