Week Of May 20: What's In Store For The Markets

“It is a funny thing about life, if you refuse to accept anything but the best, you very often get it.” W. Somerset Maugham

Market Commentary:

• New all-time highs for the indexes, a constructive advance/decline line, and a shrinking number of new lows adding to current market momentum. (If you are bearish, perhaps you are predisposed.)
• While the indexes are short-term over-bought, our accounts are nearly fully invested.
• Seeing strength in many sectors- insurance, finance, basic materials, healthcare, and technology. 

Economic data: 

• Wednesday: Existing home sales.  
• Thursday: Initial jobless claims, new home sales.
• Friday: Durable goods orders

Companies to watch: 

Cameco Corp (CCJ): Mining: Provides uranium for the generation of electricity. Great technical breakout ahead of fundamentals. Analysts have recently earnings estimates.

First Solar (FSLR): Solar energy: The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. 

Medpace Holdings, Inc. (MEDP): Healthcare: Provides clinical research-based drug and medical device development services in North America, Europe, and Asia. Offers a suite of services supporting the clinical development process from Phase I to Phase IV.

Our Proprietary Strategies:

Our focus remains on individual stock selection using our Magnet® and FACTS rankings.

What is Magnet: The MAGNET® Stock Selection Process was one of the first (in the early 1990s) to blend elements of value, growth and momentum and has been the subject of two books including The Magnet Method of Investing (Wiley).The MAGNET® Stock Selection Process was licensed to John Nuveen and Company who issued Unit Investment Trusts, branded “GEMS”, applying the Magnet process to several different indices. Individuals can invest in the strategy through the Magnet Fund.

What is FACTS: With a 12+ year track record (see below), the FACTS framework analyzes US based public companies on five indicators of trustworthy business behavior: Financial stability, Accounting conservativeness, Corporate governance, Transparency, and Sustainability. Index One maintains our Trust 200 Index, rebalanced annually and updated daily. Individuals can invest in the Index via separately managed accounts through several platforms including Charles Schwab. 

Current holdings:

Magnet®:

Booz Allen BAH

Mr. Cooper Group COOP

Southern Copper SCCO

FACTS:

Regeneron REGN

Allstate ALL

Cintas CTAS

 

For more information contact us.

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