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Wall Street’s Best Investments 829

While we are definitely not out of the woods yet—with the economy and the markets—we are making progress. The Dow Jones Industrial Average has had a nice bounce back, albeit, with some volatility. We can expect that to continue, probably through year-end. As you can see by our Advisor Sentiment Barometer and our Market Views section, we are turning more bullish.

As most of the economy is just beginning to reopen, unemployment remains a big issue. So far, some 38 million people have lost their jobs, bringing the unemployment rate in the U.S. to almost 15%. We can expect that to continue rising for the near future, also.

But in better news, housing seems to be holding up pretty well, and building permits this week were better than expected, around 1.074 million.

Of course, the bright side is that as more businesses reopen, we will start a steady climb back to normal.

Wall Street’s Best Investments 829

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While we are definitely not out of the woods yet—with the economy and the markets—we are making progress. The Dow Jones Industrial Average has had a nice bounce back, albeit, with some volatility. We can expect that to continue, probably through year-end. As you can see by our Advisor Sentiment Barometer and our Market Views section, we are turning more bullish.

As most of the economy is just beginning to reopen, unemployment remains a big issue. So far, some 38 million people have lost their jobs, bringing the unemployment rate in the U.S. to almost 15%. We can expect that to continue rising for the near future, also.

But in better news, housing seems to be holding up pretty well, and building permits this week were better than expected, around 1.074 million.

Of course, the bright side is that as more businesses reopen, we will start a steady climb back to normal.

In the meantime, our portfolios are recovering, but there are plenty of bargains still to be had, beginning with our Spotlight Stock, a company that—unlike many of its cannabis peers—has a healthy cash position and has now expanded into 54 dispensaries in 17 states.

Next, growth stocks are beginning to recover, and here we offer ideas from the online marketplace, defense, and gaming. In Growth & Income, you’ll find companies from the home building, food and beverage, industrial equipment, and semiconductor arenas.

Value stocks are still struggling, so most are very discounted as are these picks from the automobile and frozen foods sectors. Financials were just beginning to recover when coronavirus struck, but the two companies we include her look very promising.

In Healthcare, we offer ideas in the senior care and pharmaceutical industries. And in Technology, you’ll find companies from the security, robotic, social media, and gaming sectors. In Low-Priced Stocks, our ideas this month are from the energy (both a short and a long pick) and the biotech sectors.

If you are looking for better-than-normal yield, our advisors have found several Preferred Stocks, REITs, and High Yield stocks, hailing from the office, healthcare, financial, steel, energy, HVAC, and retail industries.

Thanks to all of you who attended my webinar, “Rebalancing your Portfolio after Coronavirus” this week. As I mentioned in the webinar, it’s incredibly important not to panic on market down days—this pandemic is temporary, and as we’ve seen, the markets are recovering.

My best wishes to you and your families. We can only make the best of this downtime, and try to stay safe and healthy.

In the meantime, please don’t hesitate to email me with your feedback and questions. My address is nancy@cabotwealth.com.

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


The next Wall Street’s Best Investments issue will be published on June 18, 2020.

Cabot Wealth Network
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CEO & Chief Investment Strategist: Timothy Lutts
President & Publisher: Ed Coburn
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