What’s going on right now? Well, pretty much the same thing that has been going on for the past few months — inflation is raging and freaking out the Federal Reserve, which is getting more assertive in trying to slow the economy to slow that inflation, and for whatever reason the logjam was loosened a […]
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This article was originally published on February 10, 2022, but we continue to get questions about variations of this ad so we’re re-posting it here. What follows has not been updated or revised, other than the disclosures. I always like reading the pitches from Dan Ferris, I guess partly because he cultivates the mien of […]
Attractively priced Travis’ Real Money Portfolio stocks relative to his “buy below” targetsLooking at the market and Travis’ portfolio with regard to the “max buy below” and “preferred buy below” prices. When I downloaded the data, there were four stocks trading below the preferred buy below hurdle (GOOG @ 25% below, WCC @ 13% below, BAM @ 11% below and AVLR @ 3% below). Seventeen are below […]
In a week that created some pretty massive tumult among the growth stocks I own, I’m going to start today’s note on a very different topic. Don’t worry, we’ll get to Shopify and Roku and Fastly and all the others, but first, something that helps make the heart rate a little steadier. I just made […]
I’m continuing to reset my “buy” prices and opinions for all of the companies in the Real Money Portfolio as part of my Annual Review process, so you’ll be seeing those “max buy” and “preferred buy” numbers popping up next to the stocks on the Real Money Portfolio page as those companies file their quarterly […]
Among the Real Money Portfolio companies, Intuitive Surgical (ISRG) is usually the first to release substantive financial updates each quarter… so getting that ISRG update always feels like the official beginning of earnings season for me. And I don’t often write about this one, so please indulge me for a bit as we go into […]
Merry Christmas, Happy New Year and a lovely solstice and holiday season to you, whichever traditions you choose to embrace. It’s awfully dark and cold here in New England as the year begins to turn, and I hope you’ve got enough love and friendship to keep you warm… I’m having a nice end of the […]
This week, as I check in on my portfolio and my watchlists, I feel a little greedy… there seems to be a bit of panic in the air, and that means I want to buy a little of almost everything. It’s a bumpy time in the markets, for sure, and I have no idea what […]
Last weekend I was on an airplane for the first time since March of 2020, thanks to a family wedding, so I got a personal experience with a couple trends that we’re hearing from other people: First, travel is back in a huge way, every flight is completely full, and many airports are even more […]
Let’s start with the bad news this week. Activision Blizzard (ATVI) is a pretty reasonably valued company, valued at about 20X forward earnings now and with a predicted earnings growth rate (by the average analyst) in the 10-15% neighborhood. It’s one of the dominant game publishers in the world, it’s a large company (market cap […]
I’m of many minds about the market, depending on how I feel in a given moment, so I try to avoid prognosticating… but if you want to force yourself to think about risk, as we all should do at least some of the time, one of the best go-tos is John Hussman, who has a […]
It’s pretty clear that the big picture narrative that the stock market cares about most is inflation, and, more importantly, the impact that rising inflation — at least if it’s not “transitory” and instead sticks around — will have on future interest rates and the ongoing spigot of free money that has supported stock prices. […]
There are two conflicting drivers of my thinking right now: The notion that I should be conservative in cutting my losses on stocks that are losing money; and the fact that all of my largest mistakes have been made in selling stocks far too early. Yes, I’ve lost plenty of money in speculations or […]
I’ve got a lot of ground today, but I thought I’d start us out with solving a teaser pitch for you… you’ll see why I chose this one in a moment. Marc Lichtenfeld is out with a new pitch for a high-end Oxford Club service he’s launching called Predictive Profits ($1,497 “on sale” from $4,000, […]
So… what’s happenin’ this week? I’m still wrapping my head around whether or not I’m interested in building a position in Coinbase (COIN) (or Voyager (VYGR.CX, VYGVF), or other brokerage/exchange companies in the cryptocurrency space), so I’ve been curious to watch the shares of COIN slowly drift down as Bitcoin prices fall from their highs. […]
I’ve been falling behind on my Annual Review summations, so we’ll try to get to a bunch of them today for you… starting with what has usually been the largest holding in my portfolio over the past 15 years… Berkshire Hathaway (BRK-B) — I still consider Berkshire to be an attractive buy at 1.3X book […]
With each passing day this week, I became more and more interested in “boring” stocks — there is ALWAYS a temptation to chase hot ideas, and I’m certainly not immune to speculation, but the GameStop (GME) craziness is too much. Plenty of folks have asked me about it, so I’ll just blather on about that […]
I don’t know what’s going to happen to interest rates, taxes, GDP growth or the stock market, all of which are intertwined, but right now the sentiment expressed by the market seems still to be vaccine-driven optimism about economic recovery from the pandemic, which implies that the renewed push to speed up vaccinations will lead […]
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Thank you for discussing WCC again, Travis. I saw the Barrons article and was pleased to see it confirmed your value the...
The only real traditional "industrials" I own right now are WESCO (WCC) and 3M (MMM), both of which are still in buy ran...
Travis. Thanks to you, I bought WCC and it has done well for me....
Trade Note: Today I cleared out my position in Yellowstone Acquisition (YSAC) and added some to my YSAC warrants (YSAC...
I haven't changed my mind since I added in the post-earnings diop, but will share some additional thoughts tomorrow....
Trade Note: Add-on buy today, as the drop on earnings brought down shares of WESCO to a more attractive level this morn...