Excerpt from: Individual Equities CFDs and Spread Bets
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| January 29, 2007 | | Spread betting and contracts for differences on Japanese energy stocks |
Oil prices in New York are boosting Japanese energy stocks like Tokyo Electric and Mitsubishi Corp. Spread bets and CFDs on Japanese energy stocks could prove profitable, according to information from Bloomberg:
Oil-related companies, including Mitsubishi Corp., climbed
after the price of crude oil rose in New York.
``Heading into March, power companies like Tokyo Electric
are going to be distributing some good dividends and that's
being factored into the stock prices,'' said Hiroyoshi Nakagawa,
who helps manage about $1 billion in Asian equities at Societe
Generale Asset Management Co. in Tokyo. ``Trading companies went
through a long correction phase due to the falling price of oil.
At this point they're cheap and could become very attractive to
investors when they announce earnings.'' | | |
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