First I’d like to thank all of the Wealth Society members who made it to the Investing Daily annual conference in Alexandria last week. It was a delight to meet many of you and put a face to a screen name. I consider myself lucky… Read More
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As if consumer product companies didn’t have enough headaches, a recent Reuters story reports that mega-customer Walmart is putting another bear squeeze on its suppliers. Each of the following companies counts Wal-mart and Target as a large customer, suffers weak sales growth and has a mountain of debt. Read More
Acuity reported a disastrous quarter this morning. Despite already lowering estimates once, earnings were less than expected. Worse yet, the company warned that growth would not return until 2018. I waited too long to sell this stock with the, unfortunately, incorrect, assumption that weakness in sales was temporary. Although I hate… Read More
I’ve been able to spend more time researching new ideas during the lull between earnings seasons. As I’ve mentioned before, valuations in many sectors look stretched, but that doesn’t keep me from searching for new names. I am by no means a traditional value investor, but I do… Read More
Buy Smart Sand (NSDQ: SND) Buy Up To:$17 Target: $22 Smart Sand Inc., a November 2016 IPO, makes high-quality Northern White raw frac sand. Demand for this sand, a critical ingredient used in hydraulic fracking, has been surging. Prices for fracking sand are almost double what they were… Read More
There’s never a dull moment in this stock market. After the GOP’s failure to pass the Health Care bill last week, the stock market is losing faith that President Trump will be successful in passing tax and infrastructure bills. I recommended selling the Aecom (NYSE: ACM) and the Jacobs Engineering… Read More
The realization that President Trump will have a rocky road ahead passing funding bills is weighing on these stocks. As both of these options expire in just one month, I’d take profits before the time value begins to fade. The Aecom (NYSE: ACM) puts are up… Read More
Sell U.S. Concrete (NSDQ: USCR) U.S. Concrete is falling hard today on news of its CFO departure AND a change in auditors. This is highly unusual and despite the company saying the changes are not related to each other, it seems unlikely. The previous auditors signed off on the company’s… Read More