Week Of May 13, 2024: What's In Store For The Markets
Image Source: Pixabay
“It wasn’t raining when Noah built the ark.”
Warren Buffett
Market Commentary:
- Stock market enters the week “overbought” following eight consecutive positive days on the NYSE.
- S&P 500 advance/decline line remains stronger than the Nasdaq.
- Light week ahead for earnings releases. Walmart (WMT) and Home Depot (HD) providing insights into retail spending.
Economic data:
- Wednesday Consumer Price Index (CPI) and retail sales number, jobless claims number.
- Thursday Jobless claims number.
Our Proprietary Strategies:
Our focus remains on individual stock selection using our Magnet® and FACTS rankings. Rotation into the value sectors- insurance, finance, basic materials, and healthcare. (Be mindful of the rich valuations in many of today’s hyped companies.)
Current holdings:
FACTS:
Regeneron REGN
Allstate ALL
Cintas CTAS
Magnet®
Booz Allen BAH
Mr. Copper Group COOP
Southern Copper SCCO
More By This Author:
NewtekOne's Future Vision
Navigating Dividend Opportunities
Navigating Dividend Opportunities: Expert Insights with Sam Stovall
For more information contact us.
Disclaimer: Jordan Kimmel is the Managing Member and Portfolio Manager for The Magnet ...
more
So what IS in store for the markets? You didn't actually say much of anything at all here.
On FOX Business today @ 3:55, it will also be brief.
I have two full-length books that describe the methodology in depth.
Can you elaborate on why these stocks are worth buying? You list some stocks, but don't explain why.
On FOX Business today @ 3:55, it will also be brief.
I have two full-length books that describe the methodology in depth.
Thanks for sharing, but this is very short with no real insight or information. Based on the headline, I was expecting some actual guidance on the markets and where it is headed.
On FOX Business today @ 3:55, it will also be brief.
I have two full-length books that describe the methodology in depth.
This is exceptionally brief. Would love for you to expand on what you wrote here. And what are Magnet and FACTS rankings? What are they based on that tells you these are stocks worth buying? The info here is too sparse to be helpful.
Agreed. More like a tweet than an article.
On FOX Business today @ 3:55, it will also be brief.
I have two full-length books that describe the methodology in depth.
On FOX Business today @ 3:55, it will also be brief.
I have two full-length books that describe the methodology in depth.