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Market. US stocks were the only market in the world that was going but that has now changed. Stocks leading the market are now expensive. These stocks heavily weight the market index ETFs. The FANG stocks have weakened off and they are not leadership. Things are vulnerable but we could get a reaction rally, such as a Santa clause rally. Interest rates, inflation and so on are all worries for the market. Nobody knows where to go and cash looks like a good place to be. This is a time for caution. People who are positive about where markets are going have to change before things will change.
WAIT
People line up on a Monday to get into this store. Their management is great and the stock was doing phenomenally. The market is not as in love with high PE stocks and they are banking on China. They were about to open their first store in Beijing. Then those two Canadians were arrested and the new store opening was put on hold.
clothing
PAST TOP PICK
(A Top Pick Dec 28/17, Down 18%) Here is a company with the fundamentals correct but the market doesn't care. First there was the unfortunate tweet about Saudi Arabia. Second, there was the ethics issue from many years ago. The federal government is not letting them off easily on this one. Both things have caused the stock to tank even though it has nothing to do with current management, growth and so on. He is sticking with it. Ultimately this will go away.
contractors
DON'T BUY
Energy Sector. It has been a long time since we had a recession and we are overdue for one so he cannot rule out one sometime next year or the year after. Oil is a commodity and commodities are poised to go down. He has SU-T domestically. He is underweight energy holdings. He does not think you should put more money into energy.
DON'T BUY
When companies run into trouble they will come out with a laundry list of things to blame. Usually it is management. In this case the seeds of their problem go back to Jack Welch. He set up GE-N for their later fall. He made GE capital such an important part of GE-N. Recently it was set up to be a big player in power generation. One acquisition was exactly at the wrong time. He has his clients completely out of it.
electrical
electronic
