First Word
- First Word
- First Word
So much gloom out there, yet the S&P 500 is up 12%. Sell-side "chasing stocks" higher but even after 9 target changes, only 5 Strategists see upside into YE. Softer inflation strengthens case for "dovish" June hike.
It is not an exaggeration to say investors just seem so gloomy. I don't have to look far. My twitter feed is full of doom and "don't chase stocks due to a looming recession." And it seems like every conversation I have with an average person believes the Fed is...
- First Word
Market breadth expanding as 8 of 11 sectors above 20dma (vs 2 last month). 4 reasons "fresh capital” should invest in Industrials. 17 stock ideas.
As we move into the second week of June, our confidence that S&P 500 will gain >20% in 2023 has increased. The decisive upside breakout last week helps, as are signs that inflationary pressures are easing (May jobs report wages). To me, 3 things will be key over the next...
- Intraday First Word
INTRADAY ALERT: May jobs show soft earnings growth = soft landing = Fed pause = good. We expect broadening of rally on "soft landing" thesis
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES Please click below to view today's video update: https://vimeo. com/832778137/f5bff60b88? share=copy Equity markets managed to break to 2023 closing and intraday highs today, taking YTD gains to 11.6% (+2.5% for the month) and now within striking distance of S&P 500...
- First Word
Solid start to June (YTD >10% now) but June Fed FOMC key. We still like FAANG and flag 3 (or 4) FAANG laggards we like.
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES ________________________________________________ In case you missed our webinar “Super Granny” Shots last weekwe discussed “SUPER GRANNY” shots that are expected to tactically gain near-termand “SLEEPING GRANNIES” which we expect to tactically _UNDERPERFORM_ [Two key data points past few days. Blackbook Used cars + Debt ceiling...
- First Word
Two key data points past few days. Blackbook Used cars + Debt ceiling = positive. FYI, markets don't "blare trumpets" at the low (Oct 2022 low).
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES ________________________________________________ In case you missed our webinar "Super Granny" Shots last weekwe discussed "SUPER GRANNY" shots that are expected to tactically gain near-termand "SLEEPING GRANNIES" which we expect to tactically _UNDERPERFORM_ ________________________________________________ In the past week, there has been a...
- Intraday First Word
INTRADAY ALERT: April PCE not great, 3 items point to future disinflation = keep Fed "pause." Stick with thematic FAANG/AI + Grannies
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES April Core PCE came in "hotter" than expected at 0.40% MoM vs Street 0.3%. That is a "hot print" and, at face value, should have triggered a re-pricing of Fed funds expectations (June hike into play) and higher interest rates.Instead...
- First Word
A week of market churning (-1%... debt ceiling) but triumph of thematic investing (FAANG/AI +2.2%). Market breadth better than pundits argue as 142 stocks beating market (28%) YTD.
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES SKIP MONDAY <– Memorial Day Holiday SKIP TUESDAY Wednesday SKIP THURSDAY Friday ________________________________________________ In case you missed our webinar "Super Granny" Shots this weekwe discussed "SUPER GRANNY" shots that are expected to tactically gain near-termand "SLEEPING GRANNIES" which we expect...
- First Word
GRANNY UPDATE: 5 Super Grannies and 5 Sleeper Grannies
Today, 5/23, we will be unveiling our top "Super Granny Shots" and bottom "Sleeper Granny Shots" stock picks. Please find the Slide Deck linked here for the live webinar which will begin at 2 pm est. If you have not yet registered, sign up using the webinar block below. We...
- First Word
"Buy the dip" regime back since March 23, 2023 as analysis shows S&P 500 regain 2% losses less than 1 month, reversing "sell the rip" regime of 2022. Stick with FAANG, Industrials and tactically Regional banks.
NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY <-- TRAVELING _SKIP TUESDAY Wednesday _Thursday <-- _Schedule Change _ SKIP FRIDAY <-- GRADUATION CEREMONY TO ATTEND ________________________________________________ Tune into our webinar "Super Granny" Shots next week 5/23...
- First Word
FAANG default risk (CDS) less US govt = more reason to OW (even now). Regional banks see DeMark "13" buy setup = stick along with OW "temporary Fed put"
NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY (traveling) _SKIP TUESDAY Wednesday SKIP THURSDAY Friday_ (possible schedule change this week) ________________________________________________ Tune into our webinar "Super Granny" Shots next week 5/23 (Tuesday) at 2pmwe discuss...
