Blind Justice

Current global and market conditions are as uncertain as they have ever been. Nevertheless, as long as the markets exist, the business of investing is about finding assets that will appreciate. An underappreciated strategy is trolling through an existing portfolio to seek new investment allocations from among current holdings. Here’s what I found:

TEVA – a recent new holding. Manufacturer of generic drugs. Thesis is that any COVID-19 treatment or vaccine will require enormous manufacturing capabilities, benefitting TEVA.

GUSH – This is an exchange traded fund (ETF) whose goal is to provide three times the daily return of S&P Oil & Gas Exploration & Production Select Industry Index. GUSH’s 52-week high was $138. I bought at $0.38. Risks included the daily re-set, the potential to lose the entire investment, the re-investment and expense ratio. That being said, I can only lose $0.38 a share.

ET / WMB – These are high yielding natural gas pipelines. The thesis is that U.S. national policy actions will protect the operations, and therefore the underlying equity, of these critical energy infrastructure investments.