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Business leaders like Amory Houghton and Whitney MacMillan are why America will bounce back from the coronavirus pandemic.

Affluent investors hoping to avoid estate taxes on their assets have one handy trick to keep Uncle Sam from taking a share of their estate.

SPACs (Special Purpose Acquisition Companies) are the latest Wall Street fad. Here are 3 new ones, from one of the niche sector’s pioneers.

Forbes.com quotes Cabot Chief Investment Strategist Timothy Lutts’ review of AeroVironment in John Dubosz’s article, “Drones Today, Electric Cars Tomorrow?”

Harvard University has the largest endowment in the world, and there’s one key difference that differentiates it from how we might run our own portfolios.

Mergers and acquisitions (M&A) have been gaining steam since 2024, and 2026 looks poised to continue the trend... especially in these four sectors.

It’s a fast-moving battlefield, and negotiations are already underway, but somebody will come out on top. So, what stocks and countries will win the tariff war?

Thank you for subscribing to the Cabot Turnaround Letter. We hope you enjoy reading the April 2021 issue.

This month we look at defense industry stocks. These stocks have been left aside as investors rush to capture post-pandemic winners, and as the market has doubts about the Biden administration’s commitment to defense spending. Yet, these concerns appear overdone, and investors aren’t considering the possibility of a ramp-up in response to rising global tensions. We discuss six interesting stocks.



We also look at high yield bonds. Our call in February 2020, that “the Sun May Be Setting On High Yield Bonds,” appears to be the right one once again. Yield levels and spreads have returned to remarkably low levels. Our discussion also outlines what favorable and unfavorable conditions look like.



Our feature recommendation is pet health company Elanco Animal Health (ELAN). This company has produced mediocre operating and stock price performance since its 2018 spin-off from Eli Lilly. Yet, changes appear to be coming with the arrival of a credible activist that is reshaping the board of directors.



We also include comments on recent price target and rating changes, including our recent Sell recommendations on Valero Energy (VLO) and Volkswagen AG (VWAGY).



Please feel free to send me your questions and comments. This newsletter is written for you. A great way to get more out of your letter is to let me know what you are looking for.



I’m best reachable at Bruce@CabotWealth.com. I’ll do my best to respond as quickly as possible.

Price per share may change the number of shares of a company that you buy, but does it change your potential for generating profit?

Buying this Dividend Aristocrats ETF is a way to own the 65 best dividend growth stocks on the market. But there are other alternatives too.

Alibaba stock has been one of the market’s high risers. But its greater potential lies ahead, and cloud computing will play a big role in its future growth.

Recently, I decided to hold our Visa (V) calls through earnings and sold our Coca-Cola (KO) calls the day before their earnings announcement. I thought I would break down why I decided to take the risk in V, and not in KO.

Special updates on two of our stocks that are good Buys here.

Stocks pulled back yesterday, but the market’s intermediate-term trend remains up. Stay the course, and resist overreacting to the oscillations.

It remains to be seen whether the market’s rotation from tech into older economy names is a temporary tax-bill-related phenomenon or a longer-term cycle. But historically, a day like last Wednesday, when the Nasdaq closes more than 1% lower and the Dow closes at least 0.4% higher, is followed by at least a month of Dow outperformance.

Almost everything is up over the past week. The S&P 600 small cap index jumped 4.8% higher to hit 738. It is now up 10% in 2016, sits just four points below its 2015 high, and is officially above my year-end target of 730. None of our stocks were down over the past week.

January inflation came out. It wasn’t good. Is this rally doomed?

It has been a good year so far in the market. The S&P 500 is up about 8% and the Nasdaq has rallied more than 13% in just the first six weeks of this year. Stocks have been lifted by optimism of a soft landing.

The market is doing everything it can so far this year to be unlike 2022. It’s up. And the best performing sectors are cyclical.

So far this year, the S&P 500 is up about 5% and the technology stock-heavy Nasdaq is up almost 10% in just a month. Not only are the indexes higher but they are being driven by last year’s worst performing sectors, technology and consumer discretionary.