Market Views
Fear Index Up
The Dow sunk over 600 points yesterday, and the tech-rich Nasdaq also gave up triple digits, as Apple (AAPL) stock plummeted after another iPhone supplier warning. In addition, fellow blue chip Goldman Sachs (GS) suffered steep losses, pacing a broader decline...
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Market Views
Time to Trim Riskier Options
Most major market indexes were back on the move higher on Monday, led by real estate, consumer staples and utilities. Shares of technology companies were not participating, however. Nor were energy producers. And healthcare companies’ shares were largely combination...
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Market Views
Selling Elevated this Week
Among the Buying Climaxes (74), the Retailing sector featured heavily and among the Selling Climaxes (203) were Autos, Buildings and Precious Metals featured.
Buying climaxes take place when a stock makes a 12-month high, but closes the week with a They...
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Market Views
All Clear
The Russell 1000 version of the advance-decline line made a new high this week, see chart below. In the absence of other evidence, we take each new high in the advance-decline line as a sort of ‘all clear’ signal. We remain on...
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Mid-Year Top Picks
Congrats to the Top Picks 2018, Mid-Year
The Dow Jones Industrial Average has gained about 1.4% for the year, which as you can see from our Top Picks table above, doesn’t come close to the gains of the big winners that our selected...
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GE stock, the Dow Jones Industrial's oldest member, has been kicked out of the hallowed index. Does that make it untouchable, or a sneaky bargain?
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Market Views
Looking for Higher Prices
The most positive thing one can say about the $SPX chart is that the major downtrend lines have been broken, and the gap at 2750 has been filled. Beyond that, the bulls have had to be satisfied with small but...
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Market Views
Market Breadth Positive
Breadth was negative with -381 net advances on the NYSE and -244 net declines on the Nasdaq. Preliminary new highs on the NYSE were 119 and 32 new lows. The Nasdaq had 150 new highs and 31 new lows. It’s good...
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Market Views
Optimistic but Cautious
Last week was a constructive one for the market, with the major indexes tacking on gains and many potential leading stocks shaping up. Moreover, this builds on some other positive pieces of evidence, such as the positive divergences seen in broad...
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Market Views
Bullish, but Choppy
The relative strength of small stocks is trying to turn higher, while growth stocks continue to lead value by a solid margin. With the Value Line Geometric Index at 564.37, the Value Line Plan remains in the market with a sell...
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Tech stocks are leading the stock market lower. If you are looking for some resilient stocks, consider adding one of these six lower-risk, dividend-paying stocks to your portfolio.
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Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett.
As value investors, we have ample reasons to believe that investing in stocks today is not as easy as it was a few years ago. is...
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Market Views
Caution; Watch for Resistance
Indices have recovered; the S&P 500 encounters potential resistance at 2750.
The IT sector tests recent highs, Consumer Discretionary encounters top of medium-term relative range.
Our outlook remains cautious as indices rally into previous highs.
John Gray, Investors Intelligence, www.investorsintelligence.com, 914-632-0422, February 2018
The...
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Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett.
This month we have seen unusual volatility among our stocks. Gilead Sciences (+11%), Target (+9%), Lowe’s (+7%) and Gentex (+5%) were on the upside while Industries...
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Congrats to the Top Picks of 2017
Investors found a lot of extra gains in their 2017 stockings—all year long. Including dividends, the broad market gains were Dow Jones Industrial Average: 30.20%, S&P 500: 23.34% and the Nasdaq: 30.04%.
While those returns were stellar, our surpassed...
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Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett.
As we begin 2018, let me start with a brief review of our portfolio and the market.
We transitioned from the Value Model and Enterprise Model the...
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Market Views
We’re in the Sweet Spot
We’re currently in the “sweet spot” of the intermediate-term rally which began last November. This is the point where upside momentum has become so established that stock prices can be pushed higher with only minimal effort on the of...
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Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett.
Value investing is a marathon, and it requires patience and perseverance. Usually, it is not the intent of a value investor to make a quick but...
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Market Views
Risk is Increasing
Taking a look at the internal condition of the U.S. stock market, we see a marked difference from a month ago. Then strength was near monotonic, with all the ducks neatly arrayed in a row. Today we see a large of...
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Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett.
In the last issue, we started with the thesis that the upside potential from investing in stocks is getting increasingly constrained due to the elevated of...
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