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Our Emerging Markets Timer is still positive and constructive, though the EEM was essentially flat during the last week.

Our portfolio’s earnings season kicked off with a bang last night with three companies opening their books from Q3. As I expected the reactions were significant and unpredictable. We took partial profits on all positions ahead of earnings and have kept them rated hold into the events.

Not much has changed with the market during the past week, so we’re sticking with our stance—the Model Portfolio has 40% in cash and holding six resilient stocks. We continue to believe the next major market move is up, but in the near-term, you should take your cues from the market and individual stocks. We have no changes tonight.

Thus far, the 11 portfolio companies that delivered second-quarter results have all met or exceeded Wall Street’s consensus earnings estimates.

The number of Internet users will surpass two billion by the end of 2010.

Many of oil service companies have the numbers that should keep buyers interested for a while.

In recent months I’ve been telling you that cannabis stocks were incredibly cheap and overdue for a bounce and now it seems the world is starting to agree, as all our cannabis operators (not the REIT) have seen their stocks climb in the past month.

Of course, the broad market’s rebound has helped, but the broad market doesn’t have the compelling fundamentals of the cannabis industry’s top stocks.



Bottom line: the first six months of 2022 were rough. The past month brought us a small gain. And I expect far bigger gains over the remainder of the year.



Full details in the issue.



Yours for wealth and wisdom.

If there is one message I want you to take home from today’s issue, it’s that cannabis stocks are cheap. Really cheap. And they may never be this cheap again.

So if you’ve got some cash sitting around that you want to “risk” in a long-term investment, consider the stocks I’ve rated buy.



In the meantime, our portfolio, which has beaten the index in each of the past four years, is 58% in cash, waiting patiently for the turn.



Full details in the issue.



Yours for wealth and wisdom.

Last week I wrote about the government’s $700 bailout plan and asked for your opinions. I got an incredible response, both by email and on the blog. I really appreciate hearing what you had to say and it helped me to sort out the whole mess in my head. Today instead of writing a column, I’m just going to reprint many of your letters. Some of you were outraged about the plan, while others urged its passing and still others came up with their own plans for the $700 billion.

Want to feel better about yourself as an individual investor? Consider these classic investing mistakes - some of which weren’t actually “mistakes.”

Right now, I think there are some very convincing signs that Chinese stocks, which have been about as popular as used gym socks for a number of years, are about to turn around in a massive way. One Chinese social media giant in particular seems to be gaining momentum.

All of the stories on financial greed teach the same lesson: if it seems too good to be true, it probably is.

Today, I’m going to serve up a company that has appeared in both Cabot Top Ten Trader and Cabot China & Emerging Markets Report.

Cabot Top Ten Trader, our weekly advisory, details the strongest stocks of the previous week.

All things considered, the past week has been tame. The S&P 600 Small Cap Index retreated 1.4% to get back to its 50-day moving average, while the S&P 500 Index traded sideways.

ESG investing is a way to invest without sacrificing certain morals or ethics. But can you make money investing that way?