In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), talks about the market’s excellent week that pushed all three of the major indexes atop their 25- and 50-day moving averages. It’s not a complete all-clear signal, but it’s definitely a welcome bullish move. Paul runs through the leading sectors for the week and gives a couple of examples of strong stocks in each sector. He notes the recent strength of certain commodities, including gold, and reminds everyone to watch for the strongest charts. Stocks and sectors discussed: IBB, XLK, RHT, CONE, CELG, PODD, GLD, AA, WLK and others.
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Timothy Lutts heads one of America’s most respected independent investment advisory services. Each week, Tim personally picks the single best stock in his exclusive Cabot Stock of the Week advisory. Build your wealth and reduce your risk with the top stock each week for current market conditionsLearn More