Daily Talk

The YOLO Effect

June 23, 2017

According to a recent Harvard study of our daily activities – such as our thoughts and feelings – we are the happiest when we live in the moment and the unhappiest when we are working, resting or using a home computer. So that means that activities like reminiscing, thinking ahead and daydreaming make us miserable even if we are thinking about something pleasant. Ladies and gentlemen, we have all entered what the millennials have termed YOLO.

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Infrastructure Week Opportunities: CAT, VMC, MLM

June 17, 2017

Last week was great for the Trump Trade. The White House even touted it as Infrastructure Week. President Trump has become more focused in the last couple of weeks, and it’s paying off big time. Not only is he pursuing pro-growth policies, but he’s also slashing and trashing all those Obama-era regulations. His heartland growth agenda sparked numerous rallies, most notably in infrastructure after he discussed the important of a first-class system that would allow our economy to flourish.

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Buying the Dips

June 16, 2017

The market may look dull and uneventful on the surface – trading is pretty flat today – but yesterday was an exciting session that speaks to the economy and the Trump agenda. All the major indices closed in the red, but that’s not the real story. Instead, it’s the fact that the Dow, S&P 500 and NASDAQ finished higher than their opening trade for the session. That’s a major sign that a bottom is developing. This is the time to take advantage of depressed prices and buy on weakness.

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A Runaway Breakout

June 9, 2017

There are several narratives playing out in the market right now, but the overarching investment theme is the runaway breakout. Some of you may be familiar with what I like to call a true breakout, when stocks and indices move into all-time high territory on strong volume. Oftentimes those true breakouts turn into runaway breakouts, which means that the upside never stops – or at least not until we see a mind-boggling move higher.

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Trade of the Day: NTAP

June 9, 2017

Cloud computing and data storage companies have traded well as a group for more than a year now. Just look at the First Trust Cloud Computing ETF (SKYY), which is up more than 30% in the last 12 months. I’ve traded a few related companies in that time, and one I currently recommend is NetApp (NTAP). Looking at the year-to-date chart (below), a few things jump out at me. We’ll talk about those in this latest Trade of the Day.

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UNH Is a Strong Investment Even at All-Time Highs

June 8, 2017

As those who invest with me know, I focus a lot of my strategy on owning great American companies. I believe this is the best way to build long-term wealth, and now is a great time to be buying these kinds of companies. One such name I’d like to talk about today is UnitedHealth Group (UNH), the nation’s largest health insurer. The company is based in the United States and also provides pharmacy, primary care and data services.

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TOL Hints at a Strengthening Economy

June 5, 2017

It’s no secret that I am a major proponent of the notion that traditional family formation is the most important long-term driver of the economy. There has been exhaustive data on this subject. The question now is whether Americans return to more secular traditional values such as marriage, which speaks to a formula of greater peace, prosperity and happiness. It comes down to a lot of things, but right now all signs point to a reversal of future on the family formation front. And in that case, it’s time we gain exposure.

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Focusing on Jobs and Wages

June 2, 2017

The Dow Jones Industrial Average joined the other major equity indices in kicking off June by surging to new all-time highs. And more broadly, we saw the buying spread to heretofore unloved sectors and individual names. Financials have been a major disappointment, but they outperformed yesterday. Even with today’s disappointing report – more on that in a moment – I continue to base a large part of my investment thesis on job and wage improvement.

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America Is Eating Out Again

May 30, 2017

I recently watched The Founder, the movie about how Ray Kroc took – although some might say stole – a brilliant restaurant idea from the McDonald brothers and grew it into a global juggernaut. The movie pointed to the halcyon days when Americans began eating out as a reflection of good times and prosperity. We definitely aren’t as giddy about fast food anymore, but eating out is making a resurgence. The good news is that there are ways for investors to cash in on the trend.

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Payne’s Passion: Where True Freedom Begins

May 26, 2017

Despite the howls from the left, I think Dr. Ben Carson is spot on… I’ve seen it first-hand. And I think it brings up a point worth remembering this Memorial Day weekend as we honor those who lost their lives defending America. Growing up, I saw glimpses of poverty when I visited the South. Amid the poverty, I mostly saw upbeat folks who worked hard and who looked forward to things getting better. You can despise your situation but you need to resolve to get out of it.

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