The Final Results for 2018 Smart Money Picks At the beginning of each year I survey traders, portfolio managers, and equity strategists from Wall Street to Main Street and everywhere in between. The tables that follow summarize their top picks in five categories: Top 10 Stocks for the coming year – Stocks that can be …
After a stellar performance in 2018, the Smart Money portfolios are off to another good start this year. The table below summarizes the returns for all 5 portfolios. Smart Money Pairs Trading The Smart Money Pairs Trading portfolio is designed to look for large discrepancies in valuations within the stocks of the same industry. When …
After a very successful 2018, the Smart Money portfolios are off to a rip-roaring start in 2019. Table 1 is a summary of returns for each of the Smart Money strategies during January 2019. Table 1. Summary of returns for all Smart Money strategies The results for January have been outstanding. The only strategy that …
I’m about to praise my own stock-picking prowess to the heavens, but before I do, a little background is in order. I have been trading and managing money for 30 years. I’m still a stock picker at heart, but now I only do it for my own account, my family, and for consulting clients who …
As Brian Williams of MSNBC likes to say, “well, that gets your attention.” Today’s market action was truly remarkable in several ways. I will try my best to dissect what happened, and what it may mean going forward. Let’s start with the raw numbers from today and place them in the context of market history …
Below is a table of bargain stocks. What makes them bargains? First, they are trading below book value. Second, they have quality ratings of average or higher. No junk here. Third, the analyst community rates all of them as neutral or higher. Again, no junk here. This is a watch list, not a buy list. …
There has now been enough damage done to investor portfolios to bring up the big question: Should I stay, or should I go. (H/T to The Clash.) As is our custom, we reached out to the traders and portfolio managers who control roughly 20% of the market. What they have to say has weight. Here …
Today was another very ugly day in the market. How bad was it? What should an investor do now? Let’s all take a breath and assess the damage from today’s market action. First, we’ve seen worse. The S&P 500 was down 2.08% today, which puts it in the bottom 9.4% of all trading days since …
Here is our list of bargains that should be on your watch list. Exxon Mobil [XOM]. Trading at a 13.5 P/E and paying a 4.2% dividend. The stock is down because the price of oil is down. But the price of oil will not stay down forever, and when it recovers, XOM will deliver capital …
How bad was today’s market action from an historical perspective? Today’s market decline was a real doozey. I describe it like this: today was a “make the rubble shake” drop in the market. We just came off a 10% correction in October-November, and the dip-buyers finally showed up to rally the troops and push the …