The Morning Call
6/26/24
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/big-tech-bitcoin-bid-bonds-blah-amid-mixed-macro
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications
were up 0.8% while purchase applications were up 1.0%.
Month to date retail chain store sales grew
slower than in the prior week.
The April Case Shiller home price index was
up 1.4% versus forecasts of +1.1%.
May building permits fell 2.8% versus
consensus of -3.8%.
The June consumer
confidence index came in at 100.4 versus projections of 100.0.
The June Richmond
Fed manufacturing index was -10 versus estimates of +2.
International
Other
Fiscal
Policy
Congress makes drunken sailors look sober.
Yellen gets it wrong…. again.
Inflation
The supply chain is under strain again.
https://www.nytimes.com/2024/06/24/business/global-shipping-rates.html
Bottom line
S&P dividend
futures decline.
https://politicalcalculations.blogspot.com/2024/06/s-500-dividend-futures-retreat-after.html
On the other hand,
analysts are raising their earnings estimates. Seems a bit inconsistent.
Sometimes markets
go down; so live with it. That is the thesis of this article. I take a
different view. When I buy a stock, I have two Sell prices: (1) a Stop Loss and
(2) a Sell Half. I won’t get into the math, but the latter is usually at least
double the Buy price and often more. And it moves up periodically as earnings
and dividends grow. When a stock that I own hits the Sell Half price, I Sell
Half---which does two things: (1) it creates a cash cushion that will be a
source of funds for new purchases and (2) recognizes that as long as the
fundamentals hold for that particular stock, my Sell Half price could be too
low (i.e., I could be wrong). However, I will have my original investment in
the stock back and anything left is a free ride. (You can learn more by going
to http://investingforsurvival.com/home)
https://behaviouralinvestment.com/2024/06/25/investors-should-expect-the-worst-in-the-short-run/
How did Goldman get to their year end S&P
target of 6300?
S&P 6300? Is That Outside The Realm Of
Possibility? - RIA (realinvestmentadvice.com)
News on Stocks in Our Portfolios
FedEx press release (NYSE:FDX): Q4 Non-GAAP EPS of
$5.41 beats by $0.04.
Revenue
of $22.1B (+0.9% Y/Y) beats by $40M.
What
I am reading today
Q1 car and truck
bestseller rankings
New discoveries about Stonehenge.
Stonehenge
was just one triumph in a surprising prehistoric building boom
(nationalgeographic.com)
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
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