I've decided to trim back a few energy stocks namely (NYSE:BP) and (NYSE:XOM). These two fossil fuel giants have been struggling in recent years and I think their situation will only get worst unless they quickly diversify their core business.
With proceeds from this sale, I have added more beaten down REITs like (NYSE: HASI) and (NYSE: KIM).
Looking at the charts below of BP and XOM, one cannot help but wonder if ever these two companies will start to grow again.
With proceeds from this sale, I have added more beaten down REITs like (NYSE: HASI) and (NYSE: KIM).
Looking at the charts below of BP and XOM, one cannot help but wonder if ever these two companies will start to grow again.
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