In a new report, Guggenheim analyst Michael LaMotte has upgraded the oil services sector to buy and believes that there is plenty of upside for the major players given current market conditions. LaMotte argues that the new “lower for longer” consensus for oil prices is overly conservative.

Multi-Year Upcycle On The Horizon

LaMotte believes that oil services stocks are on the cusp of another multi-year upcycle. Guggenheim is now calling for oil prices to return to $100/bbl by 2018.

Fund Flows To Lift All Names

Guggenheim sees…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!