Many factors took the markets lower late last week. Some in my opinion were relevant. Most were not. Here is my litmus test: What Does This [news] Mean for a Factory Worker in Ohio? Think about it. Whether it is industrial production; average hours worked or other factors that impact a middle-class factory worker; those […]
Sears Filing Chapter 11 Sears Holding (SHLD) made it official yesterday, filing for Chapter 11 bankruptcy protection. This is the company that once sold home building kits to Americans from its famous catalogs. Sears was known for its Craftsman and Kenmore brands. Discover Card (DFS), the innovative cash back credit card; was launched by Sears […]
It has been some time since we experienced a wholesale panic in the markets such as occurred yesterday. Panics are irrational, emotional, painful and often short lived. There is no doubt in my mind that this panic is all about Federal Reserve interest rate policy. President Trump said “I think the Fed is making a […]
Greetings from Henderson, Nevada. We made the annual trek from the summer quarters on the east coast to the Silver State (which is the largest domestic producer of gold) and did so safely. Along the way we made a few stops including the Gateway Arch in St. Louis, the Cadillac Ranch in Amarillo, Texas and […]
The so-called FANG stocks – Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (now Alphabet) (GOOGL) – as penned by my colleague Jim Cramer have been the source of much hype and profits for investors the past two to three years. Some people include Apple (AAPL) in that acronym and others do not. I exclude […]
Alibaba (BABA) the Chinese internet retailer and logistics company is a long-term holding in the LakeView Asset Management Growth Portfolios. I have followed this company’s stock since its IPO date, just about four years ago today on September 18, 2014. Recently the stock has come under pressure, begging the question in my mind: What do […]
August was a strong month for the stock market. In fact, the LakeView Growth Strategy put in its best monthly performance since April 2009 with a double-digit return. More information on investing with LakeView Asset Management, LLC and performance returns are available separately on request. Yesterday we had a typical one-day blunder as a large-scale […]
The USA and Mexico came to an agreement on an updated trade agreement. Next will be Canada. The stock market rallied on the news. New all-time highs were registered for the Standard & Poor’s 500 (SPX), S&P Midcap 400 (MID), S&P Smallcap 600 (SML), Russell 2000 (RUT), NASDAQ 100 (NDX). NASDAQ Composite (CCMP) and Wilshire […]
So far this summer, I have been asked by at least three individual investors what do with their General Electric (GE) stock. Often, they inherited the stock from a relative. My response is always the same: 1) it might have a dead cat bounce in it, 2) the institutional holdings in GE is so large […]
The front part of earnings season, despite strong results, was met with a technology correction. You can pin the tail on the social media donkeys Facebook (FB) and Twitter (TWTR). That correction while swift, was shallow and bottomed out on Monday. Unfortunately, it put a dent into a strong month of July for the stock […]
