I take great pleasure in recommending investors buy Clorox (CLX) – an attractive-rated stock, not just because of its strong profitability and cheap valuation but also because of the unusually high quality and integrity of its financial reporting.
Last week’s rally gave us the first positive week in a month, and it continued today, with the S&P 500 gaining a robust +3% in one day and barreling through the theoretical ceiling of 1200, to close at 1210. Read more about What the Market Wants: Flight to Where?
Editor’s Note: David Brown is on vacation. Scott Martindale, Sabrient’s senior managing director, is this week’s guest editor. Scott handles institutional sales & marketing for Sabrient. He also writes the weekly Sector Detector and manages the virtual Select Opportunity Portfolio.Read more about What the Market Wants: Volatile Market Might be Pounding Out a Bottom
Too much of the rhetoric surrounding S&P’s downgrade of US debt misses the largest and most important point made by S&P’s bold move: the U.S. financial situation is very bad and getting worse with no reconciliation in sight.
Sabrient Systems recently downgraded TOTAL SA (TOT) to Strong Sell from Hold based on its overall inferior scores on important metrics that point to weak future market performance. While TOT maintains an above average Value Score of 74.5 (out of 100) and exceptional Fundamental Score of 82.9, its Earnings Score measures a measly 3.6 based on its earnings performance and projected outlook. Read more about Rock Solid Yields (RSY): Unload TOT
I can’t light, no more of your darkness
All my pictures seem to fade to black and white
I’m growing tired and time stands still before me
Frozen here on the ladder of my life
The New Constructs blog is written by David Trainer, CEO of New Constructs, LLC. The blog includes ETF Picks, Stock Picks, and Market Commentary.
New Constructs® aims to help restore the integrity of our capital markets to ensure that the United States remains the most prosperous country in the world. Read more about New Constructs
Kassandra Bentley
Managing Member and Director for Sabrient Systems
Sandra's background spans more than twenty years in advertising and corporate communications, two of the areas she covers for Sabrient. She is coauthor, with David Brown, of four books on investing, including All About Stock Market Strategies (McGraw-Hill, June 2002) and Cyber-Investing: Cracking Wall Street with your Personal Computer (John Wiley & Sons, 1994, 1997). Read more about Kassandra Bentley
Well she don’t like it when it’s cut n’ dry
And don’t like me makin’ future plans
She don’t want me tryin’ to pin her down
She ain’t about to give an inch of ground, no
Well she can take me for a little ride
Just as long as she drive me home
Around the block, maybe once or twice
And then some lovin’ wouldn’t that be nice
The market decline experienced thus far is closer to its beginning rather than its end. Recent market rises are likely just flashes in the pan.
There is nothing that politicians or regulators can do to prevent the natural price discovery that is critical to the long-term health of our capitalist system.
The market needs to go down again before it can sustain any future rise.
It has been a wild ride for the markets lately -- to say the least. One strategy on volatile market days is to “Buy The Dip." For a prudent investor, it does mean having a strategy in place to know exactly what position to enter and at a price that seems reasonable for long term investing. Read more about Rock Solid Yields (RSY): Update, Buy on the Dips (Covered Calls)
ETF Periscope: Emperor’s New Clothes, Wall St. Edition
“Apparently there is nothing that cannot happen today.” -- Mark Twain
The U.S. equity market has just come off one of its worst weeks since March of 2008. It ended the week at a level lower than it found itself way back in January of this year, while giving serious indications that it may continue to head south.
Though the Federal government avoided a debt default with an eleventh hour deal for raising the debt ceiling, investors are apparently unimpressed—especially given the uninspiring economic reports. This week, the Commerce Department reported that personal spending in June fell for the first time in two years. This was coupled with the weak ISM manufacturing report and last Friday’s weak GDP report. Read more about SECTOR DETECTOR: Eleventh-hour debt deal fails to impress investors
Despite spending much of the day below the 200-day moving average, the S&P 500 closed at 2986.94, just barely above the 200-day MA, thus, avoiding a marker that hasn’t occurred since last September. Read more about What the Market Wants: And the Oscar Goes to...