|Day Low/High||166.97 / 169.39|
|52 Wk Low/High||150.58 / 219.75|
If one wants to argue price is not truth, then I will happily trade with you.
The fact that the strong stocks are mainly index heavy weights is what is preventing an absolute rout of the indices at this point.
Something is amiss, as macro asset classes are pricing a slower-growth, risk-averse environment ahead.
As we have seen so far, in terms of market reaction, there is great reward at the point of sale in beating expectations.
* If 3M's EPS miss and this column doesn't give you pause for reflection on how investors blindly follow price, nothing will! * Despite protestations from those that worship at the altar of price, share prices are not necessarily truth * Case in poi...
While key stocks in this market, they may not be effective leaders.
3M and Emerson Electric may have similar businesses, but their future growth outlooks are quite different.
With the price of crude higher (+$0.70), the yield on the 10-year U.S. note up by five basis points (to yield 2.56%) and conspicuous strength in industrials ( and +$3) and financials ( , and ), the tape has a growthy tone to it today.
The market bent a bit today but it didn't break. The key takeaways: * Bond yields remain troublesome -- the 10-year U.S. note barely closed with a 2.50% yield. This, after the IMF further reduced its global economic projections for 2019-20. (Industr...
3M, Walgreens and FedEx had tough reports last quarter. But what they really tell us is to watch fundamentals on earnings.
Here are my key takeaways from Thursday's session: The market's main feature was the strength in Boeing , which buoyed the Dow Jones Industrial Average vis a vis the other indices. Banks, retail and industrials -- i.e. 3M , Dow Inc. and DowDuPont --...
The semiconductor sector surge could send some standby industrial stocks higher with it.
* My market concerns are expanding "Driving that train, high on cocaine, Casey Jones you better watch your speed Trouble ahead, trouble behind And you know that notion just crossed my mind." - The Grateful Dead, Casey Jones I have more market concer...
There are signs in the market that the talks may not be going as well as thought, or at least that some believe that Trump thinks he has the upper hand.
Investors who realize individual stocks will eventually revert to their mean can save themselves money and frustration.
What stocks to buy and what to avoid on the continual leaks coming out of the Kudlow-Mnuchin camp and the Lighthizer-Navarro camp.
It's behavioral finance at its finest, and makes for a fascinating debate.
Selecting the creme de la creme of last year's top dividend dogs generated an average total return of 8.8%.
Let's dig deeper on the charts today.
Dollar strength is affecting the competitive advantage of U.S. companies around the globe, and it is a more insidious problem that most people recognize.
When the stock's inexpensive, hated and devoid of love -- that's when.
I really like the pin action in a number of my core longs: , , , , (as expected off of the strength), , , , and . and , not so much! Note: Long GS (large), BAC (large), C (large), WFC (large), JPM (large), DWDP (large), HIG (large), CBS, M (small), ...
3M guided full year numbers lower, as expected. But unexpectedly, the market's reaction has been quite favorable - perhaps because the miss wasn't as big as feared. This could enure to the benefit of DowDuPont , which, too, should report somewhat di...
What we have seen of late from a number of chip producers really might be interpreted as pre-recessionary.
These themes are working despite the turmoil in Washington and slowing global growth.
Though financials and FANG (which are at an important top of the price channels/charts) are great, industrials (DowDuPont , 3M ), autos (a one-day wonder from yesterday), retail (Macy's , Target ), semiconductors (Micron Technology ), transports (Un...
"The day will come when you think you are safe and happy, and your joy will turn to ashes in your mouth." - Tyrion With interest rates still messaging weakening economic growth and industrial stocks doing the same (see and ) we continue to be caught...
I was a large buyer of stocks during the last half of December. On the market's extraordinary strength since Christmas I have made a number of portfolio changes this week: * Eliminated longs in 3M , Amazon and Google . * Reduced long holdings in Squ...
There is nothing worse than spending several weeks researching a company -- talking to competitors, suppliers etc. -- and then determining at the very end that the fundamentals do not appear to be holding up. That is the real crappy part of fundamen...
I have called an audible on 3M . Based on my research in the last few days I am no longer comfortable with my earnings expectations. I am taking 3M off of my Best Ideas List and selling the stock now (for a gain).