Please ensure Javascript is enabled for purposes of website accessibility

Wall Street’s Best Dividend Stocks 303

As you’ll see in our Market Views, our contributors remain bullish, as do the Advisor and Investor Surveys we follow. And our contributors continue to find investing ideas with which to stuff your stocking—in just about every sector.

Wall Street’s Best Dividend Stocks 303

[premium_html_toc post_id="142333"]

image-blank.png

Market Views

Overbought, But Watch for Short-Term Weakness

wsbds303-todd-market-300x215.jpg

The S&P 500 made another all-time high today, but it is overbought. We recently changed parameters for this indicator. Overbought was 70, but now it’s at 80. Note that the last three times it moved above that level, we did experience some short-term weakness. If it happens this time, it should be a buying opportunity. In the meantime, we have a tight stop for our trading position.
Stephen Todd, Todd Market Forecast, www.toddmarketforecast.com, 909-338-8354, December 11, 2017

image-blank.png

Some Sectors Extended, But Trend is Up

The stock market continues to rise even though many sectors are extended. The trend remains up. As long as QQQ holds above the up trendline, the bulls will remain in control. A break below the lower channel at 153.50 would be a sign technology shares could be under some short-term selling pressure and the broad market could follow.
Dr. Marvin Appel, and Gerald Appel, Systems and Forecasts, www.systemsandforecasts.com, 800-829-6229, December 11, 2017

Solidly Bullish

According to UBS Wealth Management estimates, cutting the corporate tax rate to 20% would result in earnings for the Standard & Poor’s 500 (SPX) companies in 2018 being some $10 per share higher, $151 instead of $141.

If that be the case, it may be no wonder that our markets are streaking to new highs. Even the important Bank Index (BKX) is just a not too far bit away from its all-time highs of 121.16 posted in March 2007 (the BKX is currently at 106). Importantly, the analysts’ consensus is now suggesting that the financials and the banks are ‘buys.’

From a technical perspective, when ‘everything’ is touching new highs, where there isn’t any kind of real diversion anywhere to be seen and the advance/decline line is confirming all the above (and that’s the place to really eyeball), it’s a real solid bullish backdrop. Big-picture: stock-markets, globally, look better than in years.
Dr. John Faessel, 7685 Caminito Coromandel, La Jolla, CA 92037, 858-587-8590, December 11, 2017


To read the rest of this month’s issue, download the PDF.


The Next Wall Street’s Best Dividend Stocks Will Be Published January 10, 2018
Neither Cabot Wealth Network nor our employees are compensated by the companies we recommend. Sources of information are believed to be reliable, but are in no way guaranteed to be complete or without error. Recommendations, opinions or suggestions are given with the understanding that subscribers acting on the information assume all risks. © Cabot Wealth Network. Copying and/or electronic transmission of this report is a violation of U.S. copyright law. For the protection of our subscribers, if copyright laws are violated, the subscription will be terminated. To subscribe or for information on our privacy policy, call 978-745-5532, visit www.cabotwealth.com or write to support@cabotwealth.com.