Our Algo Engine triggered a buy signal on BHP back in May at $22.60. With Oil prices remaining well supported, we feel the outlook for BHP earnings has now improved, as to has the prospect for a better price for any divestment of their US energy portfolio.
BHP is currently in the top 20 and top 50 model portfolio’s. We recommend buying BHP and selling $29.50 covered calls into March.
You're not a member! Trial today
