In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), looks at the market and sees a technically positive market that may not be quite as healthy as it looks. The major indexes are holding above their 25- and 50-day moving averages, but there’s not a lot of enthusiasm heading into the heart of earnings season. Paul looks at a couple of energy stocks that are forming nice charts, a couple of retail charts that are showing strength and one unexpected tech stock, plus a (possibly) overcooked health-care stock, a healthy restaurant chain and the disappointing emerging markets indexes. He also throws in a plug for the Cabot Wealth Summit that will roar into life on August 15 and wink happily out on August 17, right here in Salem, MA.
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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