"Momentum stocks are breaking out again, and it's time to stock up," says Kevin Kennedy in his Coolcat Report. The advisor's latest recommendation is global blue chip energy firm, Sasol Ltd. (NYSE: SSL).
He explains, "When we select among blue chip stocks for our portfolio, we look for such factors as having set a 52-week high in the previous two weeks, as well as a ratio of at least 1.5-to-1 between the price and 52-week low.
"One such stock is Sasol, a global energy company with annual sales of more than $13 billion, headquartered in Johannesburg, South Africa. It is engaged in the commercial production and marketing of chemicals and liquid fuels with a growing interest in oil and gas exploration.
"The company has developed world-leading technology for the commercial production of synthetic fuels and chemicals from low-grade coal, as well as the conversion of natural gas to environment-friendly fuels and chemicals. The stock has advanced 22% in 2007 and is working on its seventh straight month of gains."
Each day, Steven Halpern's TheStockAdvisors.com features the latest investment commentary and favorite stocks of the nation's leading financial newsletter advisors.
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