After a sharp two-week correction, some positive stock market trends have emerged. Here are 3 that I see - plus 3 stocks leading the rebound.
Kinsale Capital (KNSL)
Rapid Growth – P&C Insurance
Rapid Growth – MedTech
Rapid Growth – Exercise Equipment
Rapid Growth – Software
Vital Farms (VITL)
Rapid Growth – Eggs & Butter
Time Is on Our Side
In 1964 the Rolling Stones their...
Japanese stocks have been out of favor for decades. But Warren Buffett just bought five of them. What does he know?
Burden of Proof is On the Bulls
At heart, we’re students of the market, which means one of the key tools we use is spotting the difference between normal, run-of-the-mill action and abnormal, noteworthy action, the latter of which is what usually causes us make...
Thanks to Covid-19, exercising from home has never been more popular. And these four fitness stocks are capitalizing in the absence of gyms.
Don’t Fight the Fed?
The U.S. Federal Reserve Bank, called by its colloquial name “the Fed” even on its website, made its informal but landmark policy change official last week. For the foreseeable future, the Fed will keep interest rates near zero, focusing almost on...
Earnings reports from 16 companies. Most encouraging were reports from CNSL, CS, HCMLY, TAP, NOK and WY. All stocks retain their Buy ratings and price targets, although we are reviewing RDS/B's price target in light of the sharp (permanent?) downshift in oil prices.
Consolidated Communications The...
Updated/Revised as of February 17, 2020
Earnings reports for Turnaround Letter recommended companies for this past week are summarized below (in alphabetical order). All companies mentioned retain our Buy rating and price targets. This updated note revises our original view on Kraft Heinz’ dividends noted...
2020 OUTLOOK: POSITIVE BUT NOT A REPEAT OF 2019
In This Issue:2020 Outlook2019 Bankruptcy ReviewFavorite Stocks of 2020Recommendations:Buy: Meredith CorpRatings ChangesNews Notes & Performance
Wow. How else can we describe the stock market’s strong and resilient upward march this year to a 32% total return? hindsight,...
Year-End Brings the Bargain Hunting Season
In This Issue:
Year End Bounce Candidates
Buy: Peabody Energy
Other Ratings Changes
News Notes & Performance
While our focus at The Turnaround Letter is on long-term business fundamentals and underlying valuations, even we can be tempted to briefly set this aside shorter-term...
Turnaround Letter Buy-rated Mohawk Industries (MHK) reported revenues that were unchanged from a year ago and in-line with consensus expectations. Adjusted net income per share fell 16% but was about 4% ahead of consensus estimates. Adjusted EBITDA, or earnings before interest, taxes, depreciation and (a...