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Led by mega-cap tech stocks, the indexes tacked on modest gains last week. The S&P 500 rose 1%, the Dow added 0.84%, and the Nasdaq gained 0.7%.

WHAT TO DO NOW: Remain defensive. Early January is often marked by crosscurrents, and this year is no different, with a few intriguing rays of light popping up—but the market’s trends are pointed down and there remain far more sinkholes than shooting stars among individual stocks. In the Model Portfolio, we’ve shielded most of our money from harm’s way in recent weeks, but a couple of our names have been getting hit with growth stocks of late. Tonight, we’re forced to sell our half position in Enphase Energy (ENPH), bringing our cash position up to 80%. Details below.

The market forces do have a profound effect, as illustrated recently by the bourbon and oil markets.

I’ll write about 10 stocks that have been featured in both Top Ten Trader and Benjamin Graham Value Investor.

The lines separating investing, trading, and gambling are fuzzy but important, and identifying which activity is which should influence where you allocate your hard-earned money.

With commodities and energy stocks still holding up, though, today I’m adding an American company engaged in hydrocarbon exploration: Marathon Oil (MRO).

Following this morning’s Turkish currency-inspired sell-off, the S&P 500 (flat this week) and Nasdaq (up 0.6%) are relatively unchanged for the week.

Our Market Monitor is at a level 8, and could be bumped up a notch depending on the rest of today. But whatever the exact level, you should remain bullish.

It’s been another productive week for the market, building on what is now six weeks of bottoming action in the major indexes.

It’s been another relatively quiet week for the major indexes—entering today, the S&P 500 was down 0.3% while the Nasdaq was flat, though of course this morning’s pop is helping the cause.

There’s no telling what 2024 has in store, but these are my three market predictions for the year ahead.

A covered call is an options strategy whereby an investor holds a long position in a stock.

Marijuana stocks as a whole pulled back normally over the past week, but the correction may have ended yesterday, with most of the leaders still well above their 50-day moving averages—and the best have continued to hit new highs. Bottom line, the trend remains up and thus I’m keeping our portfolio fully invested.

“Today we’re going to take a look at Dunkin’ Brands Group, Inc. (DNKN). The parent company of Dunkin’ Donuts has been in business for a very long time. But based on its newly redesigned business strategy, the company is poised to follow in the footprints of McDonald’s and...

Last week’s Dick Davis Investment Digest featured the chart below on the front page. What those two lines tell us is that consumers are shopping more now than they were at the beginning of the year, even though they feel worse about the economy. This is unusual: retail sales normally decline...

It’s been an up-and-down week for the major indexes—as of this morning, the S&P 500 was down less than 1% on the week, the Nasdaq was up less than 1% and the broader indexes (small/mid caps, etc.) were down a bit more than the S&P.

The U.S. government has opted to convert an $8.9 billion CHIPS Act grant into an investment in Intel (INTC). Should you be a buyer too?