Raging Bull podcast: Petra Hess calls for patience on hurricane plays

RagingBullRagingBull ·

Petra Hess of PetraPicks.com says that there will be a brief lull after the storm ends when hurricane-related securities will take a step back before taking the next leap forward. She recommended the SPDR S&P Homebuilders ETF (XHB), Waste Management (WM), USG Corp. (USG), and Ocean Bio-Chem Inc. (OBCI) as potential plays on any pullbacks, noting that all four are poised to benefit from the hurricane cleanup and have the charts to make them attractive swing trades.

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Petra Hess runs PetraPicks.com and is a technical swing trader and long-term investor in domestic and Canadian stocks and ETFs. She had shares in USG and OBCI when she recorded this interview, and was planning to hold them and possibly add to her stakes, while also looking at XHB and WM as potential buys as described during this segment. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

 

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