• Home
  • Meet Scott
  • My Gut Feeling
  • In The Media
    • Financial Expert Scott Rothbort On TV
    • On The Radio
    • Facebook Feed / Upcoming Media Appearances
    • Stock Trading Commentary On Scutify
  • Private Wealth Management
    • Scottrade Adviser
    • Investment Strategies
    • Integrated Wealth Management
    • Financial Retirement Planning
    • Selling Of Business
    • College Savings Accounts
    • Expert Witness & Testimony
  • Contact
  • Home/
  • Financial Services/
  • My Gut Feeling For Today, March 21, 2014: Focus Investment Dollars on Technology, Financial Services and Healthcare

My Gut Feeling For Today, March 21, 2014: Focus Investment Dollars on Technology, Financial Services and Healthcare

March 21, 2014 / scott / Financial Services, Healthcare, Technology / No Comments

On Wednesday the markets sold off on FOMC Chair Janet Yellen’s remarks. On Thursday the broad market, as defined by the S&P 500 (SPX) and Dow Jones Industrials (DJI) recouped those losses. The mistake, which the bears seem destined to repeat, is extrapolating a one or few day sell-off into a major correction or bear market. It happened this week and last week and will certainly occur again.

Focus on Investment Related Weather Patterns

Late first quarter earnings reports continue to trickle in with the same theme bring repeated – the impact of winter weather. As I mentioned the other day, there will be a pattern which will play out over the next few months: disappointing 1st quarter results accompanied by 2nd quarter downward guidance topped off by better than expected 2nd quarter earnings. This will play out from now through the end of July.

In anticipation of that weather patterned earnings news flow, it may make sense to begin to scale back on exposure as the current quarter comes to an end. There is one important distinction that needs to be made. Cutting back on stocks that might have weather impacted 1st quarter earnings is one thing. However, there are many companies or sectors that do not have weather related operational issues for which you can add to. Technology, healthcare and financial services immediately come to mind. Thus, you can either play it safe and hold some cash or reallocate sales proceeds into other sectors.

Mid-term Election Year Patterns Are Also Worth Noting

Be cognizant of the fact that during mid-term election years, on average, 2nd quarters tend to produce negative returns and 3rd quarters tend to be flat. This must be incorporated into your tactical decision making for your portfolio over the next six months

Expect Markets to Push Higher Into Early April

In the short term, I still believe the market will make a run such that the S&P 500 pushes through the 1,900 level. This could take place in the next week or early April. What we will need is for the small and midcaps to grab investor attention as those indexes did not fully recoup Wednesday’s losses on Thursday. Today’s market open appears to be a positive one. Recently though, the markets have pulled back by the close of business on Friday in fear of what may take place in Crimea and Ukraine. If we could break that pattern, the markets will have a nice follow through to yesterday’s gains. If not, we will be back to teeter-totter mode. It is hard to say given the tit for tat sanctions that Presidents Obama and Putin keep issuing against one another’s nations.

__________________________________________________________________________________

Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView Asset Management, LLC had no positions in stocks mentioned — although positions can change at any time.

LakeView Asset Management, LLC is a registered investment advisor specializing in high net worth private wealth management. For more information on investing with LakeView Asset Management, LLC call us at 888-9LAKEVIEW or request more information by clicking on the contact button on the top right hand corner of the website                                                                                        

Scott Rothbort is also the publisher of the LakeView Restaurant & Food Chain Report, a newsletter focusing in on food, restaurant and agricultural stocks. A subscription is included with a paid Platinum Membership to Wall Street All-Stars or an individual subscription to the newsletter which can be ordered at www.restaurantstox.com 

Read Scott’s intra-day thoughts and comments on Scutify 

You can email Scott at scott.rothbort.lakeview@gmail.com

Share this with a friend!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sample of My Gut Feeling on Bloomberg Radio

Financial Podcast With Scott Rothbort

Listen to more radio broadcasts

Search My Gut Feeling

My Gut Feeling Archives

April 2021
S M T W T F S
« Mar    
 123
45678910
11121314151617
18192021222324
252627282930  

LakeView Restaurant and Food Chain Report

restaurant stock report
  • Listen to Scott On The Radio
  • Scott’s Facebook Feed
  • Watch Scott’s TV Appearances

Contact Us

  • (888)-9LAKEVIEW
  • (702) 749-9343 or (973) 564-8139
  • investlakeview@gmail.com
  • scott.rothbort.lakeview@gmail.com
  • Contact Us
    • Facebook
    • Twitter
    • Linkedin

Signup For “My Gut Feeling”

Latest From Scott

  • My Gut Feeling For Today, April 19, 2021: The Circus is Back in Town
  • LAKEVIEW ASSET MANAGEMENT, LLC (LVAM) Business Continuity and Succession Plan Revised February 28, 2021
  • My Gut Feeling For Today, March 17, 2021: FOMC Gives Green Light
  • My Gut Feeling For Today, March 1, 2021: Fear Not Rates
  • My Gut Feeling For Today, February 11, 2021: Short Selling, Gamestop and Robinhood – Part 2
(c) 2013 - 2017 LakeView Asset Management, LLC. all rights reserved, 526 Carnforth Drive, Henderson, NV 89014 | Toll Free: (888) 9-LAKEVIEW I Website Disclosure