You can’t buy shares in the new public company Saudi Aramco. At least not easily.
And that’s a very good thing.
I wouldn’t touch the shares of what is now the world’s largest publicly traded company with a 10-foot pole. And you shouldn’t either.
And the reason they’re hard to buy? Aramco’s stock is only listed on the Saudi Stock Exchange (called Tadawul). And if you did manage to buy some, non-Saudi buyers have a minimum 2-year holding period.
It’s tempting to ask whether the Aramco IPO will be more like the success of Beyond Meat (BYND), or the flop of Uber (UBER). I’d argue that the Aramco IPO is so different versus the others that we’ve seen this year, that it should have its own category. And it’s a category to avoid.
There are two companies that I do like in the energy sector. They are MUCH better investments that Aramco’s overly hyped IPO to trade or invest in. I’ll tell you about them below.
But first, let’s dig into the horrible coverage of the IPO…
Once again, another major media outlet is feeding you information that could cost you a shot at additional profits.
In today’s market update video, I’m going to share with you an article I saw this week on CNBC which, if you believe it, would have you thinking the market is about to fall off a cliff. But here’s the thing…
- As I mentioned in yesterdays’ video, markets don’t fall off of cliffs.
- Even a pullback is very unlikely right now.
I’m going to show you why pushing the “the market is about to crash” narrative at this time of the year is extremely misguided. There’s a wealth of data out there that shows that the market is more likely to continue its upward climb, and I’ll show you exactly why you shouldn’t believe the bears that are trying to convince you that the sky is getting ready to fall.
Most importantly, these predictions get one major thing wrong about the reason why markets turn. Click below to watch the video and find out more…