|Day Low/High||180.70 / 182.15|
|52 Wk Low/High||150.58 / 219.75|
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).
I see a lot of winners here because of hindsight.
Thanks for reading my Diary today. I am going to cut out early because I want to finish my write-up on 3M which I hope to have out tomorrow morning. Enjoy your evening.
But extreme short-term volatility will produce extreme long-term loss of public trust.
"Look up and not down; look out and not in; look forward and not back, and lend a hand." - Edward Everett Hale Make no mistake about it, the stock market panic and Bear Market of November-December 2018 is serious and profoundly threatens the economi...
My three favorite tech stocks for the near and intermediate term remain , and (my Trade of the Week). My two favorite industrial stocks are and . My favorite financial stock is . My favorite ETF is . My favorite takeover speculations are SQ, TWTR an...
As mentioned, I have been an aggressive buyer of over the last few days. I hope to have my analysis out later this week but I have been jammed.
I had promised the delivery of a full analysis of my most recent buy (also added to Best Ideas List) - 3M . Unfortunately, as I am travelling I won't have most of my notes so I will send out the column on MMM next week. Thanks for understanding.
Over the last 10 days I have been active on the long side. Additionally, I added several new longs to my Best Ideas List. I currently have, as previously reported, no individual equity shorts. Last week's long buys (and add-ons) of , , , , , etc. w...
What to buy and what to trim on the 90-day extension on trade talks.
Three days ago I purchased and placed 3M on my Best Ideas List at $197.40. The shares are up nicely today at $206.25 and MMM is one of my favorite contrarian longs for 2019. My analysis will be up on the company within the next week. (Remember one o...
Let's take a look to see if we can pin things down.
Here are some possible outcomes of this weekend, and how you can prepare your portfolio.
"And now, the end is near And so I face the final curtain My friend, I'll say it clear I'll state my case, of which I'm certain I've lived a life that's full I've traveled each and every highway And more, much more than this I did it my way" - Frank...
I continue to be net long. Today, with my purchases of VanEck Vectors Vietnam ETF and 3M Co. , I am slightly net longer than when I started the day.
Both 3M Co. and VanEck Vectors Vietnam ETF go on my Best Ideas list this morning.
I made a small investment in 3M at $197.40 based on its precipitous price drop over the last few months and the value proposition apparent, now coupled with the optionality of one of my 2019 Surprises -- Berkshire Hathaway acquiring MMM.
Here are 6 points showing China's growing economic weakness on this trade war. Stay away from China-exposed stocks, for now.
Knowing what stocks are really worth gives you the power to make logical buy and sell decisions.
As companies exit their earnings blackout period, those with large buyback programs will undoubtedly ramp up purchases.
There is clear divergence between the best and the worst performers in each sector this earnings season.
The current market is about escaping positions before they can fall further and then waiting until conditions improve.