COMMENT
No price is safe. Nothing can get too low as analysts fight each other to downgrade. To the bears, nothing matters except to get out before the other guy. Tech, especially, gets non-stop hate every single day aimed at semis and internet stocks--they have been too hard hit. But he feels more constructive about this market than a month ago. He foresees slower consumer data, then the Fed reversing itself.
Unknown
BUY
They report Tuesday morning. He expects a good story from because their input costs have fallen so much, including corn and aluminum. He's confident with them as long as transportation costs are under control.
food processing
BUY
They report Wednesday. The consumer isn't done traveling yet, because they have saved so much money during Covid. Planes remain filled. If Delta says that things aren't good, that would be a surprise.
Transportation
BUY
They report Thursday. Usually, shares get crushed after the report, but what if there's nowhere to go except up because they have fallen so far? It makes no sense that they net interest margins are so high, yet shares are so low. Before when net interest margins were much lower, shares were much higher. No sense. He likes the banks before their quarter. The St. Louis Fed says that loans were still strong this quarter. Banks. which have been frigid, could be hot now and they usually work well at this point of the cycle. MS pays a good dividend.
Financial Services
BUY
They report Thursday. Usually, shares get crushed after the report, but what if there's nowhere to go except up because they have fallen so far? It makes no sense that they net interest margins are so high, yet shares are so low. Before when net interest margins were much lower, shares were much higher. No sense. He likes the banks before their quarter. The St. Louis Fed says that loans were still strong this quarter. Banks. which have been frigid, could be hot now and they usually work well at this point of the cycle. MS pays a good dividend.
investment companies / funds
BUY
They report Thursday. They have a lot of good brands that are getting better. Pays a 3.5% yield. There remains a lot of snacking because people are still working from home.
food processing
COMMENT
They report Thursday. He loved it when they merged with their largest competitor. He will listen to the conference call for the pace of their job creation amid this wide market gloom. They still have some business formation.
other services