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Spot the Rooney in your portfolio

Screen Shot 2014-06-28 at 10.46.12Extracts from a Motley Fool article by Harvey Jones published by The Yorkshire Post on 28 June 2014 under the headline: “Motley Fool: Spot the Rooney in your portfolio

Tesco isn’t the only stock displaying Rooney-esque tendencies. Anglo-Dutch oil major Royal Dutch Shell has also been off the pace.

First quarter earnings of $4.5bn were sharply down from $8bn one year earlier.

Broker UBS recently complained the stock was losing “near-term momentum”, just as Rooney did as he approached the penalty box against Italy…

Shell once looked like a world beater.

Lately, it has been scaling back its ambitions, pulling out of shale gas, selling its stake in the Brazilian deepwater project BC-10, and turning down major projects in Australia and Louisiana.

Instead of rampaging up and down the line, it prefers to play the safe, square ball.

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