Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Larry Berman CFA, CMT, CTA and Barry Schwartz commented about whether LYV, FND, BLK, BABA, ATRL.TO, BCE.TO, MSFT, PYPL, COST, CAR.UN.TO, RACE, GOOG, BDX, BAMR.TO, AAPL, T, HUV.TO, HYDR.TO, KBA, FXI, ASHR, ZPAY.TO, ZZZD.TO, ZWU.TO are stocks to buy or sell.
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COMMENT
Equity sell-off. The pull back is from a variety of factors. There is the start of earnings, Powell last week tried to convince the market of transitory inflation, tapering aid, geo political tensions and lots of bond supply coming to market. There is a perfect storm starting to brew.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
China-US tension. The modern day Cold War with China's tech right now. China wants to become the largest economy and global influence. The Cold War is being debated and fought in large cap tech. Right now it is the secondary companies that are being affected.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Earnings. Earnings expectations year to date have ramped up tremendously. At the start of the year, $163 on the S&P for this year was expected. However, now it's up to $191. We have never seen earnings ramp up so much, but also we have never seen this much government spending.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Market drivers. It's always earnings that drives the market. The valuation is on the high side right now. You get some risk off and this is what we are seeing right now.
Larry Berman CFA, CMT, CTAUnknown
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BUY ON WEAKNESS
Hydrogen has been spoken of as an alternative for many years. It hasn't panned out yet after decades. How far along is hydrogen? It will definitely be part of the future. It makes a lot of sense. However, in a risk off market, companies without earnings and good cashflows, these stocks get hurt most.
E.T.F.'s
COMMENT
Crypto and gold. It is a digital asset that can be traded. The fundamental value is probably closer to zero and thinks it will collapse under its own weight in a bubble. The real interest rate is negative. Gold has seen a dislocation from this.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Educational Segment. Any good educated market technicians, the number of stocks participating in performance is important. Some analysts are saying breadth is still doing okay. He does not agree. In March and April, the S&P was making new highs. However, the average stock was turning down. Last week, most stocks were down but the index was only slightly down. This was last seen 25 years ago. Market breadth is wonky. This divergence often leads to a 5-10% correction. This should be looked at as an opportunity. We have not seen markets come down to trend. There are indicators that are showing cautionary levels. Risk-return is telling us to be cautious here.
Larry Berman CFA, CMT, CTAUnknown
N/A
Market. The TSX has been hitting record highs over the summer. The delta variant is weighing on the markets. We don’t go from lock-down to re-opening and it is all over. Markets and earnings will tend to go higher. Inflation is now off the table and we are now on to the delta variant. Markets climb a wall of worries but every day will not be a day of roses. We do not know the full extent of the damage done by COVID. This is a 95% amazing economy and 5% bad. He does not think the economy is in trouble but it is not going to be a straight line.
Barry SchwartzUnknown
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