CPI data for June came out this morning, and the market liked the news.
The indices are flying high.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
CPI data for June came out this morning, and the market liked the news.
The indices are flying high.
From the Desk of Steve Strazza @Sstrazza
Dividend Aristocrats are easily some of the most desirable investments on Wall Street.
These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world.
Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That’s why we’re turning our attention to the future aristocrats.
In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised their payouts every year for five to nine years.
We call them the Young Aristocrats, and the idea is that these are “stocks that pay you to make money.”
Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
By adding our technical analysis to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names.
The strongest performers in this universe — even the Aristocrats themselves — often pay relatively small dividends.
This is usually because the stock appreciation makes it tough to keep up with the payout — even for companies that consistently grow their yield in the double-digits!
For this reason, we don’t have a minimum threshold for the dividend. What we’re really doing here is creating a list of quality stocks based on their ability to persistently grow their shareholder return.
And maybe the best part? This list is not just designed for long-term investors. Any kind of investor or trader can use this list as it helps generate ideas across all timeframes, even the short term.
Remember, some of the most important filters we use for this list are momentum, relative strength, and proximity to new highs.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as a market of stocks.
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as The Hall of Famers, The Minor Leaguers, and The 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
From the Desk of Kimmy Sokoloff
We have CPI data for June coming out at 8:30 a.m. ET.
I’ll hold off on sharing stock ideas this morning until we have clarity on those numbers.
by JC
While many investors have been focused on arbitrary lagging indicators like the economy, we rather keep our attention on reality.
We’re grown adults. We don’t need bedtime stories to go to sleep at night. So fairytales about recessions, or inflations, or bidens are just not anything we’re interested in.
We get paid to sell things at higher prices than where we buy them.
And the bet we’ve been making for a long time is that the negative correlation between the US Dollar and stocks will remain in place.
That bet has paid off handsomely for us and anyone listening.
So as investors we all have a choice. Do we bet that the correlation is all of a sudden going to change tomorrow? Or do we bet that things just remain the same?
Here is the US Dollar Index consolidating in what appears to be a classic continuation pattern, within an ongoing downtrend: [Read more…]
by David
From the Desk of Kimmy Sokoloff
The market overall was up and away today.
We have CPI data for June coming out at 8:30 a.m. ET and more Fed speakers on the schedule for tomorrow.
by David
The largest insider buy on today’s list comes in a 13G filing by Mackenzie Financial Corporation.
The Canadian investment firm revealed an increase in its ownership stake in CAE Inc $CAE from 7.30% to 10.05%.
by David
From the Desk of Kimmy Sokoloff
Today we have a Fed speaker and tomorrow we have CPI.
$IWM is clearly trying for 190, and all’s right with stocks.