Daily Talk

3 Consumer Giants That Aren’t Dead Yet: JWN, M, DDS

August 19, 2018

Back in March I began talking about the strength in consumer stocks, particularly brick-and-mortar names. Of course, most financial analysts had written off the brick and mortars as victims of the Amazon (AMZN) era and lingering impact on consumer behavior in the aftermath of the Great Recession. The Consumer Discertionary Select Sector SPDR ETF (XLY) has been on fire for some time now, powered by companies mostly associated with technology: Amazon and Netflix (NFLX).

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Ready for a Rally

August 17, 2018

What a rebound for the market. Earlier in the week it had seemed as though investors were paying more and more attention to exogenous events and speculation than factual developments and strong trends, but yesterday’s action could be a sign that the wind is finally at our backs. Overall, it was a great day and one that should give investors more confidence.

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Buy MAR for a Strengthening Consumer

August 12, 2018

I really like plays on the strengthening consumer right now, and one name that’s well positioned to profit is Marriott International (MAR). As the largest hotel company in the world it stands to benefit from both consumer and business spending. Its hotels are everywhere.

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Not Too Late to Jump On

August 10, 2018

Maybe the summer doldrums have finally set in and the market is marking time and waiting for Wall Street royalty to return home from the Hamptons. We got mixed signals this week, but I noted on Wednesday that the so-called “fear index” drifted down to levels not seen since January. The inference is an idyllic situation in which investors haven’t a care in the world and stocks are on autopilot. However, there remain worries and anxieties that didn’t exist back in January.

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IRDM Ready to Blast Into Orbit

August 5, 2018

I love helping people make money. That’s why I started my research company and newsletters, and it’s why I take every opportunity I can to talk about it on my television show. I was recently asked on Twitter for one good stock pick, and I mentioned Iridium Communications (IRDM) as one that looks compelling but is on the risky side. I recommended it to my wife, so it better work!

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What You Won’t Hear About Today’s Jobs Report

August 3, 2018

The market had a lot to contend with in its final session of the week, including Apple (AAPL) adding to its record market cap of more than $1 trillion and newly-proposed tariffs from China. The jobs report seemed to get pushed to the backburner amid it all, but there were some key highlights worth reviewing, some of which are being completely missed.

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EXPE Makes a Major Breakout

July 29, 2018

You’re probably familiar with Expedia (EXPE), a site through which you can book flights, hotels, rental cars and more. The stock got absolutely crushed back in February, but since then it has been trending steadily higher. It quickly rallied from $100 to $110 to recapture its 200-day moving average, and from there continued momentum allowed it to climb back to its 50-day average.

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Amazon and GDP to the Rescue

July 27, 2018

It shouldn’t be a surprise that all eyes were on Facebook (FB) yesterday. Its $144 billion carnage marked the first time in history that any company had lost more than $100 billion in value in a single session. The news weighed on the technology sector where other high-flying names were also pressured.

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JBHT is a Great Proxy for the U.S. Economy

July 22, 2018

The next time you’re checking out at the grocery store, the mall, your warehouse club or anywhere else, stop for a moment and think about this: Every item you’re paying for almost certainly touched a truck at some point. As one industry saying goes: “If you bought it, a truck brought it.” Without trucks, the economy would come to a standstill – literally.

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Plodding Through Earnings Season

July 20, 2018

The Dow Jones Industrial Average stumbled yesterday after five consecutive winning sessions. There wasn’t anything unusual about the session as winners and losers were adjudicated by earnings and guidance, which is why I think it’s important to point out. It’s very similar to what we experienced in the first-quarter reporting season as investors continue to digest quarterly numbers against the backdrop of sky high expectations.

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