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The breadth worries that had so many traders on edge finally reared their ugly head and took a bite out of the market as the indexes took a big hit on Wednesday. By week’s end things had improved a touch, but still the S&P 500 fell 2.45%, the Dow lost 2.54%, and the Nasdaq declined by 2.71% last week.

As we wrote on Monday, our offices will be closed on Friday for the long Thanksgiving weekend, but we wanted to shoot out a barebones Movers & Shakers today with some updated stops on our positions. There will be no issue of Top Ten next week (one of our two weeks off all year), but we will be back at it on Monday if you have any questions and will send out the normal Movers & Shakers next Friday (December 6). Have a great Thanksgiving!

The market has been just great! The S&P 500 was up 5.7% in November and now has a 26.47% year-to-date return. This adds to the 26% market return last year.

Stocks were riding high, and the election provided a further boost as investors expect a higher level of economic growth going forward. The cyclical stocks have led the recent charge. The best-performing market sectors since the election are finance, consumer discretionary, and energy.

I’m recommending that we sell a quarter of our position in Super Hi International Holding (HDL).

The holiday-shortened week yielded more gains for the leading indexes as traders ready themselves for the close of 2024. Here is how our positions performed last week.

The market continued to inch its way higher in the two weeks since I last wrote. The Stock of the Week portfolio isn’t inching – it’s soaring. Multiple positions in our portfolio were up double-digit percentages in the last couple weeks, with several others hitting new 52-week or all-time highs. As always, it’s a testament to the elite stock-picking ability of our superb analysts. And today, we add another stock, a familiar name that has regained momentum enough to warrant inclusion in last week’s Cabot Top Ten Trader advisory.

Details inside.

With the election behind us, the Fed cutting rates, and financial markets strong, these stocks and sectors look like the best investment ideas for 2025.

Wall Street legend Art Cashin passed this week, and I wanted to share a few quotes to remember him by and three of my trades from 2024 that would have done him proud.

Today’s opportunity skews toward the more speculative end of the spectrum, which is part of why I find it so darn enticing.

If you’re interested in a gold miner that also has an angle to help the U.S. produce a critical element, antimony, currently in short supply outside of China, Russia and Tajikistan, none of which are cozying up to the U.S. right now, this is the stock for you.

While we began a position in this stock via yesterday’s Special Bulletin, all the details are inside this month’s Issue.

The strong economy and stock market of the last two years is approaching a possible inflection point. It’s a good time to pay attention but never a good time to overreact.

We’re doing things a little differently this month since there’s potential for a stock-moving announcement tomorrow that could impact this month’s new addition, which is a speculative mining stock.

The holiday-shortened week yielded more gains for the leading indexes as traders ready themselves for the close of 2024. Here is how our positions performed last week.

Cannabis stocks have pulled back meaningfully in the last few months, but there are reasons to remain optimistic on the sector’s long-term potential.

Bitcoin rose above $100,000 for the first time in its history earlier this week. With renewed interest and a crypto-friendly environment, how high can it go?

In today’s note, we discuss a number of earnings results and new developments for several of our portfolio positions, including American Airlines (AAL), Atlassian (TEAM), Duluth Holdings (DLTH), Intel (INTC), SLB Ltd. (SLB) and Super Hi International Holding (HDL).

At a high level, the market is still humming on all cylinders, with the S&P 500 and Nasdaq hovering near all-time highs. But look closer, and some cracks have egun to form, with the Dow down in the last week and some high-flying growth stocks – including several in the Stock of the Week portfolio – getting sold off today. With inflation data to come later this week, it’s possible a pullback of some kind is in order. So today, we add an inflation-proof stock that Clif Droke just wrote extensively about in his Cabot Turnaround Letter advisory.

Details inside.

WHAT TO DO NOW: Remain bullish but continue to manage your portfolio and pick your spots carefully on the buy side. Our market timing indicators are in good shape, and leading growth stocks continue to impress, though near-term sentiment is getting euphoric. Tonight, we’re going to sell one-third of our stake in Shift4 (FOUR), which has fallen sharply on out-of-the-blue news, which will leave us with 16% in cash.