Energy: Trump Tweets, Whiting Goes Bankrupt, and Dividend Stocks to Buy

Industry Focus

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4.6 • 854 Ratings

🗓️ 2 April 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

This morning, President Donald Trump tweeted that he “expect[s] and hope[s]” that Russia and Saudi Arabia could cut 10 million barrels per day of oil. This comes a day after Whiting Petroleum marked the first U.S. shale company to declare bankruptcy in 2020. Matt DiLallo joins the show to break down the news and share some of his favorite dividend stocks to buy amid the coronavirus crisis.

Stocks Mentioned: KMI, ENB, MMP, TRP, NEE, HD, MA, HD, WM

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Transcript

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0:00.0	Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day.
0:11.5	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods.
0:20.0	Wild-C
0:18.0	Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.
0:25.0	It's Thursday and we're going to be diving into some dividend stocks to
0:30.5	consider buying during the coronavirus market disruption
0:33.1	joining me to break it all down is Motley Fool contributor Matt Delalow.
0:35.9	Matt how's it going?
0:36.9	It's going as well it can be expected in these times.
0:39.9	Yeah it's been a wild couple months in the stock market, crazy volatility when a lot of the stats that you can compare to are 1929, 1930,
0:48.0	you can tell the craziness is going on. How have you been personally investing during this time? You know I purposely
0:54.8	cut back some cash you know it's just kind of how I invest and so I've been daddling
0:59.9	you know putting some of that to work focusing mostly on companies that I know can
1:04.0	survive you know like your big big cap stocks things that pay good dividends have
1:10.5	strong balance sheets and that are just you know 20
1:13.4	30% cheaper than before. Absolutely and we're going to talk about some of
1:17.8	those dividend stocks later on the show we do have a couple news items that we
1:20.4	have to dive into the first one came really right before we
1:24.4	started recording so it's about 1045 Eastern time this morning, maybe half
1:28.9	an hour, 15 minutes ago maybe President Trump tweeted about what could potentially be some significant cuts coming
1:36.6	out of Saudi Arabia and Russia.
1:38.4	So the tweet said, just spoke to my friend, MBS, the crown prince of Saudi Arabia,
	...

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