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Don’t panic-sell! Avoid oil and snap up bargains is my market crash plan

first_img Enter Your Email Address Kirsteen Mackay | Monday, 9th March, 2020 Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group and Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. As the stock market fluctuates wildly in response to the coronavirus outbreak, oil price rout and banking uncertainty, many investors are questioning how to respond to this continuing market crash.Panic may be the most obvious reaction, but it’s by far the least helpful.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Once you’ve sold your stocks and shares, that’s as much as you’ll get for them. Paper losses become real and there’s no going back. It’s been well documented, but I’ll say it again, successful investors hold until the worst has passed.An end to Covid-19 is not yet in sight, so worry is having an unprecedented effect on society. Predicting what’s in store for world financial markets is a guessing game for now, but both China and South Korea are showing signs that the outbreak is slowing, so hope remains on the horizon.Oil prices collapseAlthough I don’t think you should panic-sell, I equally think it’s a bad idea to buy oil stocks right now. Although the price of oil has been hurt by reduced demand in response to coronavirus, this is not the only reason for its demise. OPEC wants to cut production, Russia won’t agree, and now Saudi Arabia is slashing its prices because it can, throwing more uncertainty into an already unstable situation. Today the price of oil experienced its fastest drop since 1991.For these reasons I foresee wild fluctuations continuing in the oil industry and would prefer to steer clear for now. The Premier Oil share price was down over 83% earlier this morning. Now it’s down 52%, this demonstrates the volatility in the markets today.Best shares to buy today?Panic aside, a market crash provides the perfect opportunity for calm and sensible stock-picking while prices are low.Some UK-listed share prices have taken a hammering in recent weeks. From the FTSE index, the Lloyds share price has tanked 35% year-to-date, the Tesco share price is down nearly 7% in this time and Flybe has gone bust.Flybe has been the first airline casualty, but it may not be the last. Most of its routes were picked up by other airlines within hours of going into administration. I think this proves how saturated the airline market is.Personally, shares I continue to like are BT for its specialist interest in cybersecurity solutions, along with pest control and hygiene specialist Rentokil Initial, a FTSE 100 stock with a nine-year rising share price.Uncertainty continuesShare price volatility may well continue for a few more months until the extent of the virus outbreak becomes apparent in the UK and US.That’s why I think the best thing you can do is hold tight and be patient. Don’t panic-sell and don’t buy for the sake of buying. Keep in mind that coronavirus could impact many companies’ supply chains, along with a sustained impact on the financial sector, tourism and leisure and the likelihood of an increase in insurance claims.  If you’re feeling confident and have spare cash, then carefully update your stocks and shares ISA with a selection of company stocks you feel can go the distance.  I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. Don’t panic-sell! Avoid oil and snap up bargains is my market crash plan I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Kirsteen Mackaylast_img read more

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Goal-line stand preserves 23-18 victory for Our Glass, defending champion Castlegar Vikings hit win column

first_imgNelson Our Glass Ogs used a goal-line stand during the five-play rule to edge Steamshovel Brewers 23-18 in West Kootenay Flag Football League action Sunday afternoon at the Mount Sentinel High School Field.The win moves Our Glass into sole possession of second place in league standings with a 2-1 record. Dam Inn Mates, idle Sunday, lead the league with a 3-0 mark.In the other game, Castlegar Vikings moved into a three-way tie for third spot with a 48-6 victory over Trail Thundercats.Our Glass appeared to be down and out in the game against the Brewers.The Steamshovel held leads of 6-1 and 18-1 before the Ogs came roaring back, scoring 22 unanswered points.But it was the goal line stand that sealed the game as the Brewers moved the ball to the one-yard line thanks to a pass interference call, but no farther.Greg Kinnear, Steamshovel quarterback Steven Doyle, rushing for a TD, and Jon Francis scored majors for the Brewers.Mota on fire at the QB positionSteve Mota tossed five touchdown passes, three to Jason Trower, to lead the defending league champions to its first win of the season.Jaime Simpson, Carl Perepolkin and John Lloyd also scored majors.Lloyd, pitching relief for Mota, also connected for a pair of touchdowns.Trail’s lone TD was a 50-yard pass and run play from Cats’ pivot Colin Janzen to wide receiver Davin McKay. WKMFFL idle for Thanks for Giving WeekendThe West Kootenay Men’s Flag Football is idle to allow players to enjoy the Thanksgiving Holiday Weekend.The league resumes Sunday, October 16 with Nelson Our Glass Ogs meeting Castlegar Vikings at 11 a.m. and Trail Thundercats battling undefeated Dam Inn Mates at 1 [email protected]last_img read more

Start reading Goal-line stand preserves 23-18 victory for Our Glass, defending champion Castlegar Vikings hit win column


first_imgARCADIA, Calif. (April 2, 2016)–Just minutes before his stablemate Nyquist waltzed to victory in the Florida Derby at Gulfstream Park, trainer Doug O’Neill’s Guns Loaded cruised to an impressive 1 ¼ length score under Rafael Bejarano in Saturday’s Grade III, $100,000 San Simeon Stakes at Santa Anita. Claimed five starts back for $32,000 on Dec. 6, Guns Loaded won for the fourth time off the claim and registered his third consecutive win.“I knew that Mr. Sexy was the only speed in the race so I tried to make sure Guns Loaded broke well,” said Bejarano. “I put him in the right position right away and after that, I was done. I sat right off the speed and when I was ready, I let him go. It was easy for him.”Owned by Westside Rentals.com, Neil Haymes, Leo Rodriguez and Steve Rothblum, Guns Loaded was the 8-5 favorite in a field of nine older horses and paid $5.40, $3.60 and $2.60.“It was all Doug,” said part owner Mark Verge (Westside Rentals.com) in reference to his trainer, who was at Gulfstream to saddle Nyquist. “He’s the one who made the claim. We had the horse before and Doug called and said we’ve got to claim the horse back, but I can’t believe how well he’s done. It never works out that way.”With the winner’s share of $60,000, Guns Loaded hiked his bankroll to $406,570. A 5-year-old Florida-bred gelding by D’wildcat, Guns Loaded registered his first graded stakes victory in the San Simeon. His overall record now stands at 26-8-3-4.English-bred Cape Wolfe ran on well for the place, but never threatened the winner, finishing a half length in front of No Silent. Ridden by Flavien Prat, Cape Wolfe was off at 9-2 and paid $5.00 and $4.00.Ridden by Gary Stevens, No Silent sat a close third throughout and paid $4.20 to show.Fractions on the race were 21.70, 43.66 and 1:06.98.First post time for a 10-race card on Sunday at Santa Anita is 12:30 p.m. Admission gates open at 10:30 a.m.last_img read more