Today we have a new recommendation from Dennis Slothower’s Stealth Stocks, which is currently ranked by The Hulbert Financial Digest as the fourth-best performing newsletter over the past five years. It is followed by two sell alerts.
“Delek US Holdings, Inc. (DK, $26) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing. ... DK could see sharply higher gains, especially if the Fed does QE3 in September, if oil prices continue to move higher and if war tensions increase in the Middle East, as oil refinery companies are value plays now and are in strong uptrends riding the surge in oil prices.
“This is not a long-term play, as oil prices can’t continue to climb at this pace; but if the Fed continues to support the stock market through the elections, for the next quarter investors may realize some nice gains in this oil speculation company.
“According to my numbers, DK should be selling in the $40 range. It is currently trading around the high $20s, so DK has large upside potential. Place a sell stop at 25% below your entry price. As the stock rises, continue to raise your stop so that you are trailing the Friday close by 25%.”
- Dennis Slothower, Stealth Stocks, September