Latest Stock Buy or Sell? Make More Informed Decisions!

It's been 9 months since the lows of October 2022. One word describes the rally, it's all about resilience. Many challenges such as a banking crisis in the spring, rising rates along the way, lingering recession worries. Markets are all 30% or higher at this point from the October lows. 

Earlier this year, there were concerns about market breadth. Recently, we're seeing breadth expand. About 75% of the S&P 500 constituents are trading above their 200-day moving averages. Broader participation in the rally from other sectors, which is very healthy.

In the last month or so, technology has not been the leader. Financials and energy have been the leaders. We've seen expansion in the rally. 

He attributes expanding breadth of the S&P rally to inflationary pressures cooling, which will lead to a pause in central banks' interest rate hiking. Potentially in 2024, we'll see a lowering of interest rates. Futures in the back half of the year show we may see some falling interest rates in the US. A stable interest rate environment is always good for stocks and bonds.

200-day MA meandering higher. Likes industrials as early-cycle winners. Strong global brand. Global demand for corn and soybeans will stay robust. Uptrend is there, but possible resistance around $450. Decently valued at 14x forward earnings, 15-16% growth rate. Couple of names he likes better.

About 34% is tech and communications, so it's pricey. 25x PE, 4.4x price to book. Yield is 1.6%.

ZDY has better valuations, less exposure to tech and communications of about 20%. 18x PE, 3.3x price to book. Yield is 2.8%. More conservative. Better risk/reward.

VFV is about 34% tech and communications, so it's pricey. 25x PE, 4.4x price to book. Yield is 1.6%.

ZDY has better valuations, less exposure to tech and communications of about 20%. 18x PE, 3.3x price to book. Yield is 2.8%. More conservative. Better risk/reward.

Likes the materials space, an early-cycle winner. Stock's been sideways, moving between $50-70. FCX screens better. Though the FCX chart appears similar, some of the metrics look better.

Likes the materials space, an early-cycle winner. Chart in a sideways pattern, but metrics look decent.

Quite a bit of beta. Long-term the space makes a lot of sense, but a lot depends on politics. Russian events have pushed up the price of wheat and fertilizer. 200-day MA is falling, technical picture is not appealing.

Likes it for dividends. Lots of large-cap banks and pipelines. Defensive, fairly conservative. Names like TD, CNQ, RY, SU, ENB. Very good dividend yield of 5.1%. Banks are cheap right now, so potential for a pretty good move up. Once interest rates fall, the telcos in this particular ETF will perform well.

Likes XEI for dividends. Lots of large-cap banks and pipelines.

CDZ has more mid-caps than the large caps that XEI has. Includes names like KEY, CSH.UN, GWO and ARE. More diversification, but more beta. Yield is 3.8%, not bad. Could complement XEI, but you may want to look at US or global dividend strategies for more diversification.