Narrow but not nothing.
There's plenty of debate these days about how there aren't a lot of winners besides FANG and a couple of fellow travelers.
But perhaps they don't know where to look. We all think retail's dead except for Amazon (AMZN) . Then how do we explain the strength in Ulta (ULTA) or Costco (COST) or Walmart (WMT) ? I think these are legit moves by major companies in the sector.
We all think the industrials have had it. But what does that say about Honeywell (HON) or United Technologies (UTX) or 3M (MMM) ? I think all three have great momentum and can be bought. Cummins (CMI) and Caterpillar (CAT) aren't far behind.
Sure, we hate the banks. But how about MasterCard (MA) , Visa (V) , PayPal (PYPL) and Square (SQ) ? Have you seen those moves? Those are the non-credit-risk financials or fin tech, or whatever you want to call them.
They are red hot.
How do we explain the strength in Starbucks (SBUX) and Comcast (CMCSA) , which I work for and own for my charitable trust? I think SBUX is doing better in mobile and Comcast has amazing cash flow.
We've also seen fantastic performances from McDonald's (MCD) , Restaurant Brands (QSR) , Wendy's (WEN) and Darden (DRI) . They aren't FANG derivatives.
Oh, and PepsiCo (PEP) and Coca-Cola (KO) aren't slouches either.
All I am saying is that, sure, we can say here comes Nvidia (NVDA) and Analog (ADI) and Texas Instruments (TXN) to go with FANG and Adobe (ADBE) and Workday (WDAY) . (Starbucks, PepsiCo, Comcast and Adobe are part of TheStreet's Action Alerts PLUS portfolio.)
But how about all these others?
Just remember that they count, too.
