Here is your February Wall Street’s Best Digest, issue 850.
The January markets started off with more volatility than we needed, and some fairly large daily losses. Right now, markets seem oversold, volatility has relaxed, and buying has resumed, although the bulls have not yet recovered all their losses. We continue to be on the side of the bulls, but favor judicious stock-picking right now.
The economy continues to prosper. The markets loved the non-farm payroll numbers last week, coming in at 467,000, compared to the estimate of 150,000. The housing market remains strong, although prices continue to rise. The level of home ownership, at 65.5%, is higher than the historical average of 64%, demand is robust, and inventory is low, so prices will most likely continue to increase in the near-term.
The dip in markets last month has provided our contributors with a lot of stock ideas that have now become buyable at lower levels.
Issue 850
Download PDFHere is your February Wall Street’s Best Digest, issue 850.
The January markets started off with more volatility than we needed, and some fairly large daily losses. Right now, markets seem oversold, volatility has relaxed, and buying has resumed, although the bulls have not yet recovered all their losses. We continue to be on the side of the bulls, but favor judicious stock-picking right now.
The economy continues to prosper. The markets loved the non-farm payroll numbers last week, coming in at 467,000, compared to the estimate of 150,000. The housing market remains strong, although prices continue to rise. The level of home ownership, at 65.5%, is higher than the historical average of 64%, demand is robust, and inventory is low, so prices will most likely continue to increase in the near-term.
The dip in markets last month has provided our contributors with a lot of stock ideas that have now become buyable at lower levels.
This month, we begin with our Spotlight Stock, a midstream energy company that is on the verge of an acquisition that should bring even more opportunities for market share growth. And speaking of Growth, in that category, we offer an auto parts retailer that is greatly benefiting from the squeeze in the automobile marketplace.
Our contributors particularly like Growth & Income companies this month. There, you’ll find ideas in the industrial, real estate, beverage, cell tower, and farm supply sectors. In Financials, we offer stocks from a business development company, a credit services firm, and a consumer finance business.
In Healthcare, you’ll find recommendations from the dental orthodontics, pharmaceutical, and diagnostic industries. Our Technology stocks have a nice concentration in semiconductors, another industry that is seeing significant demand.
Our advisors are taking advantage of increased interest in inflation-resistant industries, by picking gold, utilities, exploration, and infrastructure companies in our Resources, Energy, and Utilities section.
We offer one Low-Priced Stock, heralding from the marijuana industry. And we include a variety of REITs, a gun manufacturer, and a tax preparation firm in our REITs & High Yield section.
Lastly, in Funds & ETFs, you’ll find a high dividend, a natural gas, and a diversified stock fund, as well as an ETF that specializes in Treasury inflation-protected securities.
I hope you enjoy our selections this month, and I look forward to your feedback and questions. My address is nancy@cabotwealth.com.
Happy Investing,
Nancy K. Zambell
Editor and Chief Analyst
Wall Street’s Best Digest