With all the inflation, the energy sector has been one of the greatest beneficiaries. Oil prices are well over $100/barrel and the S&P 500 energy sector has returned nearly 72% over the past year. All this while everything else in the market is falling. I purchased my first shares in Exxon Mobil (XOM) in 2017, at an initial price of … [Read more...]
Recent Buy: Alibaba
In the 2020s it is likely China will emerge as the world’s largest economy. There are close to 1.4 billion people in China and the country has been growing at alarming rates. GDP growth rate averages around 6-8%; more than 3x that of the U.S. In addition, the country has a burgeoning middle class and a government intent on doing … [Read more...]
Apple: King of the Dow
The coronavirus continues to ravage the U.S. economy. Cases are still largely rising in parts of the south and some states have even paused their reopening plans. Needless to say, the economy may take a bit longer to recover. Even so, there are certainly bright spots in the market. Some big tech firms are defying the trend … [Read more...]
The Great Comeback
As of June 10th the Dow closed at close to 27k and the Nasdaq hit another all-time high! Companies beaten down by the pandemic are seeing their prices recover from March lows. At the same time, companies that flourished during the pandemic are driving the tech heavy Nasdaq to new heights. My securities like Apple, Amazon, and Microsoft all … [Read more...]
Recession Fears Mitigated
For the time being, major media outlets are admitting a recession is no longer in site and that the U.S. economy remains strong. On Friday, the jobs data blew past expectations. The United States created 266,000 jobs in November versus 180,000 expected. The unemployment rate ticked down to 3.5% with average pay rising 3.8%. … [Read more...]
2018 Midterm Jitters
In the past few weeks we’ve seem the market become increasingly volatile. At the same time, we had the worst month since 2011. Tech and industrials led the decline. There have been varying reasons for this volatility and turmoil. I’ve heard rising interest rates, weak corporate guidance, and trade to name a few. In my opinion we are … [Read more...]