Jim Jubak Picks 5 Stocks for Energy Crisis
I saw an article on MSN today talking about stocks for the energy crisis. That seems like a tough area to try and tackle, but Jim Jubak came away with 5 stocks that he likes for trying to make money from the energy crisis. I’m not sure I agree with his analysis and I believe you can find a lot better ways to invest your money. I don’t think I would want to gamble on the energy crisis stocks and the companies he came away with; I’m not totally sold on.
Jubak’s 5 Picks for Energy Crisis
1. Itron (ITRI)
2. Flowserve (FLS)
3. General Electric (GE)
4. Shaw Group (SGR)
5. Gorman-Rupp (GRC)
I usually like the way Jim Jubak approaches his picks and the stocks he comes away with, but I’m not sold on this grouping of stocks. Flowserve is the one I like best of the group, but I like them for a long-term play and not necessarily any energy crisis play. I think anybody investing in General Electric these days is just going to be spinning their tires in mud. GE is a big company and they have a lot of resources, but as big as they are, they have never set any trends or been a leader on Wall Street in my opinion. I don’t recommend buying General Electric stock for now or in the future. They are just not a company that has their head screwed on their shoulders right and I assume Jim Jubak owns a big portion of his employer’s stock and he’s been waiting for it to take off for the last 10 years or so. Its just never going to do that and I have worries that GE could be collapsing in the near future. Not an Enron type collapse, but a collapse that would be bringing in no new money to your investment portfolio. Stay away from General Electric and if you want to invest in any of these stocks for the energy crisis, go with Flowserve!