50% Off

That was quite a show Maguire Properties (NYSE:MPG) put on yesterday after it reported 4^th quarter earnings. It opened down, around $2.50 a share, and then marched steadily higher for the rest of the day to close at $3.54.   

Maguire’s cash reserves are rising after it walked away from a few underwater properties and sold a couple others. Investors seem to be saying the stock is on more solid ground now – volume was monstrous.   

While I’d love for Daily Profit readers to have participated in yesterday’s gains, I stand by my recommendation to take your profits on the stock before earnings. Earnings are a big uncertainty. Maguire could just as easily have dropped yesterday. There’s always risk when investing, and perhaps more so with a stock like Maguire. It would have been irresponsible of me not to have you take profits before earnings.  

Portugal’s credit score was dropped one level, to AA- . The country was also given a “negative” outlook based on mounting debt problems. Portugal ran a 9.3% budget deficit last year and is trying to cut it to 8.3% this year. GDP growth will be a paltry 0.7%.  

This is not major news, except for the fact that it keeps debt problems in the headlines and on investors’ minds. We’ll see if investors can shake this off and send stocks higher again on this remarkable run.   

Down days have been hard to come by since the beginning of February. Today’s positive durable goods number may help continue the streak.   

Also, investors should note that the January durable goods number was revised higher, not lower. For most of the last couple of years, economic numbers tended to get revised lower after the initial read. But now, the revisions are starting to go higher. That’s a very positive sign for the economic recovery.   

Oil prices are down slightly after the EIA announced that inventories rose more than expected. Of course, given the recent revelation that the EIA’s data can be flawed, we have to take this with a grain of salt.   

To me, the fact that oil has managed to hold in the $80 range while the U.S. dollar has rallied sharply tells me all I need to know about oil prices. They are headed higher as demand returns. I suspect oil prices would be pushing $100 a barrel if debt problems in Greece weren’t helping the dollar stay relatively strong.   

The strength in oil prices has been great for the Energy World Profits portfolio. The average gain is 17%. And we have a 46% winner and two stocks that are up 39%. There’s no doubt that these gains will get bigger as oil prices rise.   

Now, for Daily Profit readers, I’m giving you advance notice that I’m holding a 50% Off sale for membership to Energy World Profits through Saturday night.   

Starting today, you can get the analysis and insight of world renowned energy economist Gregor Macdonald (and stock recommendations from yours truly) for 50% off the regular price.  

When I first started reading Gregor’s groundbreaking work, I knew immediately I had to get this information in the hands of my readers. It’s that important.   

Energy is the single most important issue we face. And Energy World Profits is one of the best energy letters available today. Not only will you get a better understanding of the energy issues we face, you’ll also get reliable profit opportunities in energy stocks.   

I urge you to take advantage of this 50% off sale for Energy World Profits and find out why Gregor Macdonald is one of the world’s premier energy economists. Click HERE to get started.