BP’s share price is rising! Should I buy the FTSE 100 stock now or buy other UK shares for my ISA?

first_imgBP’s share price is rising! Should I buy the FTSE 100 stock now or buy other UK shares for my ISA? 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. Royston Wild | Monday, 8th February, 2021 | More on: BP The BP (LSE: BP) share price has been extremely turbulent in recent weeks. After reclaiming the 300p marker in mid-January and hitting five-month peaks in the process, it promptly reversed again. At around 258p per share, this UK oil share is basically flat since the turn of the year.BP’s sprung higher in start-of-week trade, however, as market confidence has improved. Whether or not this jolt of enthusiasm can last longer than January’s mini bull market remains to be seen. But on Monday, optimism surrounding a $1.9trn stimulus package in the US lifted risk appetite across financial markets.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…Brent crude’s charge through $60 per barrel has certainly helped BP in particular. The oil benchmark has now recovered all of the ground it lost early last year when the Covid-19 outbreak spooked financial markets. Brent is now dealing at 13-month highs.Risks remainIs it possible that BP could continue its northwards charge? It’s not outside the realm of possibility. Signs that central banks and world governments will keep the money printers switched on to aid the economic recovery will certainly help oil demand to rebound. News that crude shipments into China are also spiking bodes well for UK shares like BP too.I’m not getting too excited about the FTSE 100 oil giant, however. It is still trading at a near-50% discount to what it was at the start of 2020. And this is because the risks to the UK share’s profits column remain significant. One problem is that the fight against Covid-19 is far from over and lockdowns could persist long into 2021 if not beyond. I think the path to a full recovery in oil demand remains laden with danger.I’d buy other UK sharesOn the plus side, it seems that some of the near-term risks posed by a possible supply glut have receded in recent days. Speculation was rife that sanctions on Iran could be lifted. It’s a move that might have released a wave of unwanted oil into the market. But US President Biden last night poured cold water on the idea that sanctions could be rolled back before talks on a new nuclear deal begin.Still, over the medium-to-long term, I fear the threat of huge oversupply in the oil market. Massive fossil fuel investment across major nations like the US, Brazil, Norway, and Guyana might light a fire under global production levels later in the decade. And of course there is the big problem of green energy for UK oil-producing shares like BP to contend with.The oil industry’s major players have taken steps to boost their exposure to renewables. BP for instance invested $1.1bn in massive US offshore wind projects in the autumn to increase its green credentials. But fossil fuels will remain the company’s bread and butter for years to come. And this poses a big problem for the Footsie firm’s investors. I’d much rather buy other UK shares in my ISA today despite BP’s huge share price fall in the last year. 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. 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. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. Image source: Getty Images center_img Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. See all posts by Royston Wild Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Pelicans introduce Lonzo Ball, Brandon Ingram, Josh Hart in New Orleans, expect exciting future

first_img Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersA surreal scene unfolded as the Pelicans introduced the bulk of what was once considered the promising future of the Lakers as the promising future of his own franchise. Armed with a number of savvy veterans such as Jrue Holiday, J.J. Reddick and Derrick Favors, and also boasting the top overall draft pick in Zion Williamson, Griffin laid out the former Lakers stars as an important piece of his vision for the franchise.“You can’t dream big enough in this league,” he said. “I think I wanted everyone’s approach to this as ‘Why not us?’ There’s no reason we can’t achieve what we want to achieve.”Griffin talked about the negotiations around Davis as “sensitive,” but he credited Lakers general manager Rob Pelinka as “fair and direct” in his dealings – a general shift in tone from the trade talks that stonewalled between former executives Dell Demps and Magic Johnson last winter.But it’s also clear that Griffin doesn’t believe the Pelicans surrendered too much. He spoke glowingly of Ball, Ingram and Hart, who joined him on stage, saying he and head coach Alvin Gentry believe the trio could help make the Pelicans “one of the best defensive teams in the league.”“We’re deep with selfless winners,” he said. “We’re deep with selfless high-character guys who wanna play any role they need to.” Lakers, Clippers schedules set for first round of NBA playoffs Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers The trio spoke sparingly of their time in Los Angeles, but Ball was perhaps the most open. He offered that he worked to “block out” the trade rumors that dogged the Lakers through much of the season (mostly while he was hurt).“I think it was tough being a young guy, especially in L.A. with other people looking at you,” Ball said. “We had a big responsibility. … But it comes down to just playing basketball. That’s your job. Everything else is just extra.”Griffin said he received trade offers for all the players from the Lakers, but spoke with them privately, and each player agreed that he could fit into the Pelicans roster. Hart said he told Griffin he didn’t want to be traded because of the growth potential he saw in the roster.“It’s something you want to be a part of and you want to grow with,” he said. “When I had that opportunity, I thought it was amazing. I didn’t want to let it slip.” How athletes protesting the national anthem has evolved over 17 years center_img Lakers practice early hoping to answer all questions Related Articles Shortly after executing the first landmark trade of his short tenure in New Orleans, executive vice president David Griffin said he got a call from Josh Hart, one of the players he had just acquired.Hart had a brief but powerful request: Whatever you do, don’t trade me. I want to play for the Pelicans.“It meant a lot to us,” Griffin said. “Having players who were equally committed to us was very meaningful.”The new leader of the New Orleans front office related the anecdote on Tuesday afternoon as a way of coloring what had been a difficult situation in a new shade. It’s true that the Pelicans had to give up Anthony Davis, their franchise star, in the deal to the Lakers that sent them Hart, Lonzo Ball and Brandon Ingram as well as a bevy of draft considerations for the foreseeable future. But even with that counterweight, Griffin sees a lot to like about his new situation. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more