Daily Talk

It’s Not Too Late to Buy THO

December 10, 2017

Just because a stock is higher doesn’t mean that current prices aren’t justified. As long as the fundamentals are improving enough to keep moving it higher over time, it can still turn out to be a great investment. That’s a big part of the story with Thor Industries (THO), which makes recreational vehicles (RVs) and related parts and accessories, both motorized and towable, under a variety of brands.

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Strong Jobs + Strong Consumers = A Strong Economy

December 8, 2017

The closely watched monthly employment report came out this morning, and as always it’s an important read on the economy. We also got new data on consumers, and it’s safe to say they are charging back. Taken together, the trends remain positive. We’ll talk about both in this latest article.

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This is More Than Just a Tax Rally

December 1, 2017

The market took off yesterday on news that Senator John McCain – many of whom believed to be an entrenched “no” vote – would support the Senate tax bill. There is no doubt investors are clamoring for lower taxes as they lead to bigger earnings, which are the ultimate key to market valuation, I urge investors and would-be investors to understand that the most important driver of this rally is a reawakening of the American DNA.

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This Rally is Far From Over

November 17, 2017

The market yesterday answered whispers of doubt and concern that perhaps the rally was over – or at least ready to yield to a 5% pullback or 10% correction. It’s true those moves can happen. However, the fundamental building blocks of the rally are actually only getting stronger. Investors and would-be investors must understand that economic trends are improving, and they continue to justify this market going a lot higher from where it is today.

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Washington’s Impact on Wall Street

November 10, 2017

The stock market took the news of a delay in corporate taxes pretty hard on Thursday. The initial reaction saw the Dow Jones Industrial Average plunge 253 points before finding its footing. The selling was more of a reaction to confusion and a sense that the GOP could be on the verge of blowing it again. These sorts of market reactions to news out of Washington, D.C. aren’t just knee-jerk whining, but they also serve as a warning to lawmakers to get their act together.

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X Eyes Its Next Breakout

November 9, 2017

United States Steel (X) has been around for 115 years and is the largest steel producer in the country. I’ve been keeping an eye on it for some time now, and there’s no question the company has a lot of great factors working for it right now. Just take a look at the latest earnings report, for example. X posted strong financial results after the close last Tuesday, with adjusted earnings of $0.92 a share nearly triple what the company brought in last year and beating the Street at $0.70.

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Oil is Coming Back to Life

November 8, 2017

It’s been a long time coming, but we’re finally seeing the energy sector and oil stocks in particular start to gain some ground. That means it’s time to take a look at your exposure to the oil patch. There are a variety of stocks that I’m either recommending or keeping a very close eye on as potential plays on the rally. I’ll share two with you now. As long as the strength in crude continues, each is in good position to benefit.

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The Week’s Biggest Headlines: Taxes, the Fed and Jobs

November 3, 2017

he market has been tentative of late, but several headlines over the last few days have tried to shake things up. The first was the release of the GOP’s tax plan yesterday morning. President Trump nominated a new Fed chair yesterday afternoon, and this morning we got the all-important October jobs report. The Dow closed at a record high yesterday as a result of all the news, and it appears to be trying to follow up on that strength today.

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SNA Has the Potential to Reach $200

October 31, 2017

The last time we talked about Snap-on (SNA) back in August I wasn’t a buyer, but I also didn’t recommend selling and staying away for good. Instead, I wanted to see how things shook out, and I’ve been very pleased to see how the action has changed. Snap-on is probably best known as a leading global manufacturer of tools, but it also makes equipment, diagnostics, repair information and systems solutions for professionals in a wide variety of industries.

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A Week of Sound and Fury

October 27, 2017

What a week for the market – it’s been full of sound and fury, and it’s up for interpretation as to what it’s signifying. Stocks opened higher today with the focus of action on the NASDAQ, as old and new tech bellwethers are rising on the wave of cloud computing and the never-ending mounds of data generated daily. There is additional economic data out today and earnings beyond technology that have to be considered. However, the investment proposition and reasons to be excited about the market continue.

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