Louis' Blog Archive
November 12, 2020
The stock market is consolidating today following its big rally on Monday, which saw the S&P 500 and Dow surge to new record highs on massive volume. As I said in Tuesday’s Market360, the rally was a “mean reversion” rally and a big shift out of growth and into value.
November 10, 2020
On Monday, the Dow and the S&P 500 soared to new all-time highs on massive volume, while the NASDAQ stayed relatively flat and was down today. But like the old saying goes, all that glitters is not gold. So, let’s take a look at what’s really going on, and then I’ll explain what smart investors should do now. At first glance, this rally looks great. But if you dig underneath the surface, you’ll see that this was actually a “mean reversion” rally and a big shift out of growth and into value.
November 9, 2020
During these busy times, it pays to stay on top of the latest profit opportunities. And today’s blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for 63 big blue chips. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
November 7, 2020
What a year 2020 has been! It has been full of unprecedented events on Wall Street, including the fastest and steepest bear market ever recorded and the fastest recovery from a bear market to new highs. Talk about a roller coaster ride! With 2020 coming to a close, now makes for a great time to talk about which sectors (and stocks) have outperformed and which have underperformed so far.
November 6, 2020
The U.S. presidential election remains undecided going into the weekend, as state officials continue to tally votes in battleground states including Pennsylvania, North Carolina, Georgia and Nevada. More than 159 million Americans voted in the presidential election, but it looks likes recounts could happen in at least Pennsylvania, Michigan, Georgia and Wisconsin.
November 5, 2020
When we spoke last, I’d said that a decisive presidential election was likely, which is what investors were anticipating, too. Stocks rallied strongly on Monday, with the Dow climbing more than 300 points. Well, as you may know, a decisive election outcome ended up not being the case, as folks are still counting ballots in the battleground states of Pennsylvania, Michigan and Wisconsin.
November 3, 2020
Election Day is finally here! The months of campaigning and near constant drumbeat of media coverage all boil down to this moment, when voters who haven’t already done so get to cast their vote for the next President of the United States. The stock market rebounded nicely Monday following last Friday’s big selloff, and soared again today on a “relief” rally. The Dow led the charge higher, climbing more than 300 points on Monday and another 600 points today.
November 2, 2020
During these busy times, it pays to stay on top of the latest profit opportunities. And today’s blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for 81 big blue chips. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
October 31, 2020
There’s no denying that the biotechnology sector has prospered amid the coronavirus pandemic. In fact, a basket of stocks that tracks the biotech, the iShares Nasdaq Biotechnology ETF (IBB), surged 9.3% this year and has more than tripled the performance of the S&P 500’s 2.2% over the same time period.
October 30, 2020
The markets continued their gyrations heading into the weekend with a down day as investors weighed the upcoming U.S. presidential election, rising coronavirus cases at home and abroad, and diminishing chances for more fiscal stimulus from Congress in the near-term. Interestingly, good economic news continues to trickle in, with rising consumer spending for the fifth-consecutive month, initial unemployment claims dropping 5.3% from the prior week to 751,000, while U.S. GDP rose at an annual 33.1% rate, which was the biggest rise in GDP ever recorded.