Daily Talk

Terror, Confusion and Anger Roil the Market

August 18, 2017

The stock market was already wobbly on Thursday even before the latest savage attack on humanity in Barcelona, which has taken the lives of 14 and injured nearly 100. The last terror attack in Spain back in 2004 at a train station is a reminder that while ISIS in on the run in the Middle East, the group’s desperation and altered tactics make them just as dangerous in the west.

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2 Stocks That Will Thrive as We Rebuild America

August 14, 2017

Goods producing jobs have slowed in recent months, but already manufacturing, construction and mining jobs are ahead of all of 2016. Demand continues to be there, while the headwinds are lack of skills and folks being unable to pass drug tests. I think the demand will remain and even pick up steam as major commitments generate new commitments. In the second quarter, we saw strong earnings surprises in key areas that represent the rebuilding of America from the ground up.

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A Sell-Off Tougher Than “Fire and Fury”

August 11, 2017

Yesterday, President Trump indicated that his “fire and fury” comment toward North Korea wasn’t tough enough, and that perhaps a new phrase is needed to make Kim Jong-un understand how dangerously he’s pushing his country to the carnage. Those comments spooked a market already on the run, resulting in all the major indices closing at the low of the session.

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Is Snap-on (SNA) Ready to Break Out?

August 4, 2017

Snap-on (SNA) continues to drift since disappointing Wall Street in its most recent earnings report a couple of weeks ago. It actually opened 1.5% higher right after the release but closed the day down nearly 5%. It has come nicely off its lows set a few days later and is now trading in the mid-$150s. So is SNA ready for a breakout?

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The Market’s Conundrum

July 28, 2017

There’s a conundrum in the market right now for a lot of people, and it’s the question of whether to get back into stocks when they’re trading near all-time highs. It’s easy to understand the anxiety associated with such a decision after millions of Americans lost billions of dollars in the stock market crashes that happened within seven years of each other. But one of the main reasons people lost so much is that they panicked and lost faith in the system as well as the companies in their portfolios.

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The Revival of Main Street: Big Banks vs. Regional Banks

July 27, 2017

We need regional and small banks in order to make American great again. But the problem for these kinds of banks is that they’re constrained by regulations designed to reel in Wall Street banks after a nearly $1 trillion bailout, a secret Fed loan program and the printing of $3.5 trillion to buy back toxic assets from those same banks. With several big and regional banks reporting earnings, there is a clear picture emerging that once again underscores my contention that maybe a return of Glass-Stegall is needed in order to inject cash into the nation’s economy.

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Amazon the Juggernaut

July 21, 2017

Jeff Bezos of Amazon (AMZN) has been singing all the way to the bank for years. He is amongst a handful of the richest men who have ever roamed the earth. From a business point of view, I have always been in awe of Bezos. His swashbuckling ways destroyed Wall Street norms and axioms, and he has never been a slave to quarterly earnings. I think Amazon shares have so much more room to the upside that folks will look back to today and wish they had bought in.

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Buy AMZN Because Every Day Is Prime Day

July 17, 2017

Prime Day 2017 was a huge success. The one-day annual event, which began in 2015 as a celebration of Amazon’s (AMZN) 20th anniversary, was the company’s biggest sales day ever. Sales grew 60% year-over-year, surpassing the high bar that was set on Prime Day 2016 as well as those brought in on the latest Black Friday and Cyber Monday. According to Amazon, “tens of millions of Prime members” across 13 countries purchased items across the 30-hour sale, which was up 50% over last year.

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Beware of the Fairytale Unicorn

July 14, 2017

Unicorns are mythical creatures that have piqued the interest of man for centuries. More recently, they have been affixed to private growth companies that reach $1 billion in valuation. Many of these businesses have become household names, which tends to add to the notion of buying them when the equity becomes available to individual investors. I’m the guy who is always talking about owning great American companies, but there is a caveat. You must stay away from companies that are overvalued.

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NKE Looks Better on Amazon Boost to Omni-Channel

July 11, 2017

Nike (NKE) was off to the races last Friday after posting a strong earnings beat that shocked Wall Street. Management also confirmed that the company will begin a new relationship with Amazon (AMZN) that could ultimately be a greater part of their omni-channel sales efforts. Through the new pilot test, Nike will sell certain items directly on AMZN’s site, allowing it to access its consumers directly and work to protect against things like counterfeiting.

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