My six-year-old hooper was having an outstanding YMCA practice. She was leading the drills, encouraging her teammates, and almost dribbling. So close.
During her game on Saturday, on cue, she bounced back and sunk two baskets. If my youngest had a futures contract, I would wager on a rebound during her tantrums. They are, however, lovely stocks to trade! We can net a year’s worth of gains in one multi-month move. Would you believe that PSX is poised to kick off its third boom and bust cycle in the past year alone?Why the ups and downs? Most investors have no clue because they don’t understand refiners. They confuse them with energy producers, who drill for oil and, and other end products.
That said, Valero is the big dog in the refining space. These stocks tend to rally together, and if that happens, VLO, as always, will attract serious money. Regulators aren’t approving any more refineries, and this blue-chip already owns the “beachfront properties.”