Stocks to buy

The third-quarter earnings season has officially begun, kicked off today by big-name banks like JPMorgan (JPM), Wells Fargo (WFC), and BlackRock (BLK). All topped earnings expectations.  Now, this is just a taste of the results to come. But despite the market’s uncertainty surrounding inflation and incoming rate cuts, we’re confident this earnings season will help
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Tom Yeung here with the Sunday Digest.  In mid-2019, the U.S. Federal Reserve began cutting interest rates for the first time since the 2007-’08 global financial crisis. The U.S. economy was beginning to slow, and economists were worried that trade disputes and weak global growth could send America into a recession. The COVID-19 pandemic the
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Tom Yeung here with this week’s Sunday Digest. Last week, I discussed the contrarian bets that billionaire investors often make. By looking beyond basic corporate labels, successful fund managers like Joel Greenblatt often can recognize overlooked opportunities, like Marriott’s “toxic waste” spinoff in the early 1990s. As I said last week: Over the next three
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For the past three years, the markets have been haunted by a particularly ghastly boogeyman – inflation. But today’s Personal Consumption Expenditures (PCE) report suggests that boogeyman has been officially vanquished. And with inflation normalized, it seems stocks are set to keep rallying to record highs.  Indeed, this morning’s inflation data showed that the Federal
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Tom Yeung here with your Sunday Digest.  During the early 1990s real estate crisis, the Marriott Corp. hotel chain found itself in trouble. The company had overexpanded during the boom times of the 1980s, and the ensuing crash had left it with over a hundred unsellable hotels in an overbuilt market.  To save the firm,
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Tom Yeung here with your Sunday Digest.  Last week, I wrote about “Gravity Pleasure Road,” the world’s first modern roller coaster with a built-in lift hill that could pull cars back up a slope. Stocks had been on a roller-coaster ride, and a rare economic event suggested that a similar “lift” was on the horizon. 
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Tom Yeung here with your Sunday Digest.  In 1885, the first modern roller coaster opened to the public. “Gravity Pleasure Road” was an instant success, generating $600 a day in revenues – roughly $20,000 in today’s money. The Coney Island ride featured a lift hill that would pull a bench-like car up a slope, and
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