Four Winning Stocks To Trump a Tough Market
BP (BP) has the financial resources to weather the downturn in oil and will be the first major back once prices move higher, said Steve Dudash, president of IHT Wealth. 'Oil prices are not even close to sustainable at this price. We are looking at a global game of chicken right now,' said Dudash. 'I want companies that can make money aside from just the oil fields and will be there in a year or two when this overreaction corrects itself.' Dudash added that BP’s 8.3% dividend is also enticing, despite the fact that the company has lost a quarter of its market value in the past year. Dudash is also positive on shares of Comcast (CMCSA), which is down 2.6% in what has been a rocky past 12 months of trading due to worries about cord-cutting. He said viewership should skyrocket in 2016 between the Brazil Olympics and the U.S. presidential election. 'The Olympics being in the same time zone is a huge plus,' said Dudash. 'Off hour events and replays may have worked in the past but we live in too connected of a society now for that to continue. People need to see it live or they won't watch. And this election is going to be fun to watch if nothing else.'
