Daily Talk

Digging Through a Fractured Market

October 5, 2018

Yesterday was one of those sessions that all bull market rallies need from time to time to simply test resolve and shake out weak hands. The major indices closed off their lows, which suggest smart money went to work. There are some delicious values being created right now, especially in technology. However, there are still some areas of concern.

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Best Stocks of 2018: MOS Continues to Sizzle

September 30, 2018

Mosaic (MOS) continues to sizzle – up over 15% and doubling the S&P 500’s performance since my last update. For those who don’t know the company, it is the world’s leading producer of concentrated phosphate and potash. In other words, it is a crop nutrition company whose goal is to help the world’s increasing population grow the food it needs. In fact, MOS is recognized as an innovator in its field.

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The Power of Three

September 28, 2018

The market itself took a back seat this week, as most investors’ attention was placed firmly on three events – President Trump at the United Nations, the Federal Reserve interest rate decision and the Brett Kavanaugh confirmation hearing. The biggest news certainly came from the Federal Reserve. This was the first the central bank had ever hiked rates in September and ahead of the holiday shopping season, which is a remarkable testament to the strength of this economy.

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More Highs Ahead for ADBE

September 23, 2018

Adobe Systems (ADBE) is well known because of its PDF format and Photoshop software, but it is also moving forward into some of the innovative areas of the future. The company has started incorporating artificial intelligence (AI) and machine learning into marketing efforts to help advertisers – including Coca-Cola (KO) and AT&T (T) – better target customers. This comes on the heels of its transition to cloud-based software available through subscriptions, which Wall Street loves because it generates more revenue and is also more predictable.

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Record Highs with More to Come

September 21, 2018

Roll out the banners and pop the champagne. Actually, let’s not do that yet – this party is only just getting started. Both the Dow Jones Industrial Average and S&P 500 are back in record territory, and total market value has now increased $7.6 trillion since inauguration day (using the Russell 3000). And guess what? So much more potential remains.

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TSLA is Primed for a Big Post-Earnings Rebound

September 16, 2018

Elon Musk, the well-known entrepreneur and founder of Tesla (TSLA) and other companies, has been all over the news recently due to his eccentric behavior, causing even some of the major TSLA bulls to sound the alarms. The stock has taken a couple of big hits, falling as low as $252.25 on September 7 – a level it hasn’t traded at since early April. There are a lot of people bashing Musk right now, but honestly, I’m still a fan. In fact, I’ve always been one – not necessarily because he is a visionary but because he is acting on ideas that have been around for decades.

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The Big Buy Signal

September 14, 2018

I have been waiting since the week before Labor Day for a sign from deep-pocketed idle funds, and I think we finally got it in the final minutes of trading yesterday. With just 15 minutes left in the session, the Dow Jones Industrial Average surged 40 points. While the index didn’t get back to the day’s high, it is quite clear that big buyers were waiting to pounce.

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TLRY Surges 300%, More to Come?

September 9, 2018

Marijuana stocks are fired up big time after an avalanche of money has poured into the sector sparked by two events and hopes for a third. First there was the massive $4 billion investment by Constellation Brands (STZ), the $40 billion wine, beer and liquor giant, in Canopy Growth (CGC), which increased its stake in the company from less than 10% to 38%. There are reports that other alcohol companies, like Diageo (DEO), are on the prowl for similar investments in marijuana stocks.

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Anxiety Increases But the Economy Remains Strong

September 7, 2018

One important issue for investors is where to invest when big tech is under pressure. Over the past month we’ve seen some rotation into other niches of technology, most notably semiconductors. Beyond the near-term struggles with market leadership, we are once again reminded of the underlying strength in the economy.

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Packaging Corporation of America Could Have Significant Upside

September 2, 2018

The markets are going strong, and the companies that reported solid results this last earnings season are doing especially well. As the U.S. economy continues to soar, I look for names related to the consumer to outperform. One stock that sticks out to me right now is Packaging Corporation of America (PKG), one of the largest producers of containerboard and corrugated packaging in the United States, and the third largest producer of uncoated freesheet in North America.

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