Daily Talk

What a Reminder

October 20, 2017

What a way to celebrate the worst one-day crash in the history of the stock market. Okay, maybe not celebrate, but at least remember. To see stocks tumble out of the gate yesterday on a combination of global jitters from China’s economy and a potential civil war in Spain is a sobering reminder that stocks can go down – and sometimes they go down hard and fast. Even as the post-mortem on what caused the 1987 crash continues three decades later, I want to stress that there are few parallels between then and now.

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Don’t Chase HMNY After Its Recent Rally – At Least Not Yet

October 16, 2017

Helios and Matheson Analytics (HMNY) is a small-cap stock that has appeared on a lot of traders’ screens recently because it has been on an absolute tear – including doubling in just three days last week. But after a 700% run since August 15, now is not the time to jump on the bandwagon. Before I explain why, let me first tell you a little bit about the company.

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Yesterday’s Key Narratives

October 13, 2017

It was an uneventful session on Thursday, but it’s still worth noting because there were key narratives. Perhaps it’s all muscle memory at this point; all the major equity indices reached all-time highs during the session only to tumble into the close. There was no panic, but there does seem to be a realization that the last round of earnings saw even big beats greeted with selling.

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CTAS Can Keep on Climbing

October 11, 2017

The return of blue collar jobs is something I’ve been talking about and keeping a close eye on for some time now, and one related company that I’ve also been watching closely recently reported earnings that blew the Street’s expectations out of the water. Cintas (CTAS) is a leading provider of corporate identity uniform programs, and it also provides pretty much everything else a company could ever need.

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Signs of a Strengthening Economy

October 6, 2017

Lots of folks are saying the stock market is up too much and can’t keep going, but in reality it’s only a sidebar to the real story: the economy. Economic data out yesterday underscores the fact that the wheels of commerce are moving, and each day we are getting more evidence of the economy strengthening. Just this week we’ve seen evidence throughout all niches.

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AJRD Is on a Mission with No End in Sight

October 4, 2017

3… 2… 1… Liftoff! That’s been the trajectory for Aerojet Rocketdyne (AJRD) the last few weeks. The stock is up roughly 30% since it was announced that NASA’s Cassini probe, which AJRD played a large role in, had entered Saturn’s atmosphere and successfully completed its 20-year mission. Amazing. The spacecraft was launched in October 1997, and it was largely powered by Aerojet.

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One Major Group is Missing Out on the Rally

September 29, 2017

The market has continued its slow and steady climb this week, but despite record highs for the major indices – including a fresh one just this morning – soaring GDP and upticks in business investments, there’s one group missing out on the animal spirits: individual investors. According to the American Association of Individual Investors (AAII), bullishness plunged 6.8% to just 33% this past week.

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CAT, BA Are the Global Economy Proxies to Watch

September 28, 2017

It’s been yet another week of new highs, and I expect even more to come. The slow and steady moves in the major averages are nothing to sneeze at in what is historically the worst month for stocks, but they also don’t tell the whole story. To get a better idea of what’s going on in the global economy, there are two stocks in particular I like to follow closely. Let’s take a look at each and discuss what they’re telling us.

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The Pauses that Refresh

September 22, 2017

The market was lower yesterday in light trading, yet 141 stocks still hit new highs on the New York Stock Exchange. Only 13 hit new lows. After nine straight up days and seven record closes on the Dow, we were reminded that the market can in fact move lower. However, no one is panicking. With that being said, there is some anxiety about the next catalyst for the indices. What sector will pull the train out of the station?

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WYNN Is a Breakout Stock in the Making

September 19, 2017

There are many different strategies to stock picking, and one I have become especially fond of in the current environment is momentum investing. That means we’re looking at those names that take off and seemingly never look back, as each uptick attracts more buyers. One momentum name I’m keeping a particularly close eye on right now is Wynn Resorts (WYNN), which is in the luxury hotel and casino business with properties in Las Vegas and Macau.

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