how to make money in stocks - aaiila.org · 2019. 7. 7. · make money in stocks . stock market...
TRANSCRIPT
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HOW TO MAKE MONEY IN STOCKS
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Stock Market Update: July 20, 2019
David Saito-Chung, deputy markets editor
IBD Weekly and Investors.com
Twitter: @IBD_DChung, @SaitoChung
Email: [email protected]
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Monday, June 7:
A change in the current outlook June 7 – “Market in confirmed uptrend”
Why?
That day, the Nasdaq staged a Day 4 follow-through with a 1.7%
gain in higher volume on that exchange vs. the prior session.
A weaker than expected U.S. jobs report for May (net 75,000 jobs
added to payrolls) boosted the likelihood that the Federal Reserve
will cut interest rates and lower the cost of money.
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4 Distribution Days: 6/21, 6/25, 7/8, 7/16
50-day
moving
average.
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What is Also Up? Gold!
Gold prices on Thu., July 18: $1,443 an ounce, up 13% from a May 21 low; up 12.7% YTD. Kirkland Lake
Gold compatriot Wheaton Precious Metals (WPM) breaks out of a cup with handle at 25.32.
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What Is Also Up? Aerospace Stocks!
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What Is Also Up? Aerospace Stocks!
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197 IBD Industry Groups, 6-mth rankings
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Outperforming The Key Indexes
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Outperforming The Key Indexes
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The Happiest Place On Earth!
News Bulletin: Chung and Kamii family go wild at Critter Country in Anaheim!
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The Happiest Place... For Bond Investors
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The Happiest Place... For Stocks Too?
• Forward 12-mth S&P 500 earnings estimate:
$175.83 (Yardeni Research, July 11)
• S&P 500 close on Friday: 2976
• Forward “earnings yield”: 5.9% (175.83
divided by 2976, times 100)
• This beats the 10-year U.S. Treasury
yield of 2.05%!
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What’s Next?
In the long run: Still on course for a secular bull market. 1) low interest rates (fed funds may go to 2%-2.25% target on July 31)
2) no “earnings recession” yet
3) dollar weakens a bit, but still strong; inflation gauges still low
4) U.S. innovation ongoing, entrepreneurship unbridled
5) High-quality IPOs (Examples include KL, ZM, ZS)
6) The market still rewards growth: IBD 50 shows a 17.4% CAGR
(4/11/03 to 3/29/19) vs 9.9% CAGR for the S&P 500.
7) Other factors may include a divided Congress; low interest rates
around the world; and the global rise of the digital economy.
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Stock Market Update: July 20, 2019
David Saito-Chung, deputy markets editor
IBD Weekly and Investors.com
Twitter: @IBD_Dchung, @SaitoChung
Email: [email protected]
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HOW TO MAKE MONEY IN STOCKS