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With so much uncertainty in the stock market, which companies are you still interested in buying?

I note that prices gapped right through the 14371 (gray line) level on Monday then bottomed out very near the 14196 level (red) before recovering to close just above the 14804 level. All pretty much holding the previously drawn support and resistance levels.

The Money & Volume Flow indicators are now positive, but the dip on Friday of the Market Sentiment indicator could be a concern IF it continues to show weakness. Also note the very low trading volume (lower chart pane), volume tapered off as the week progressed. This does not show a commitment by traders or investors to this market rally. More of a skeptical "wait and see" approach I'm thinking. (more discussion at www.special-risk.net)

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(ODFL), Old Dominion Fre...
Buy
(ODFL), Old Dominion Freight Line, Inc.
Buy
Old Dominion Freight Line, Inc. is a leading, less-than-truckload ('LTL'), union-free motor carrier providing regiona...

(ERC), Wells Fargo Mult...
Buy
(ERC), Wells Fargo Multi-Sector Income Fund
Buy
0.00%
Return
Wells Fargo Multi-Sector Income Fund operates as a diversified, closed-end management investment company. Its investm...

(CO), Global Cord Bloo...
Buy
(CO), Global Cord Blood Corp.
Buy
0.00%
Return
Global Cord Blood operates as a holding company, which engages in the provision of cord blood banking services. It pr...

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Investing is About Empowerment, not Money

Owning stock is about having your voice heard. Owning stock is more than just about the money. While most investors chase the money, they are blind to the reality that money isn't the real game in the Stock Market. It’s about power.

(SLM), SLM Corp.
Short
(SLM), SLM Corp.
Short
-2.21%
Return
Industry: Credit Card Issuing
Sector: Finance and Insurance
Market Cap: 4.7B

Exiting, poor relative performance.

July 16, 2021 - I know that (by now) I sound like a "broken record" repeating the same thing. The markets have internal weakness. We're seeing glimpses of that with headline news stories. Whether it be concerns about inflation, Covid resurgence or political issues they all have some effect on the market. But for now, minor and short term; folks are nervous. The latest are fears of a second outbreak of Covid. To be super sure, that could be a very real and significant issue and have a major effect on the overall economy. It brings to mind a saying that I'm particularly fond of: "It's not what happens, it's what you do about it." I don't wish to be a victim of a complacent market.

So, is this market trying to tell us something? We've been on a very long run; to be sure, a recovery run. But are we getting ahead of ourselves and expecting too much for the current and near term conditions? The market is rich and priced for an economic come back. Here's a chart from "Advisor Perspectives" and an old aquaintcy, Doug Short. More discussion at: www.special-risk.net .

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Bosses, will we see an inflationary or deflationary period in the next few months?

For the record, I think Warren Buffet is 100% wrong to suggest retail investor just do index funds. In his naivety, he only thinks of stocks in terms of money. He doesn't take into account the necessity of retail investors VOTING for board members and CEOs, which, btw, may have saved a lot of those companies from the 80s from falling from grace. Investing is more than just money, its about power as well. https://finance.yahoo.com/news/buffett-shares-lessons-for-new-retail-investors-190611968.html

Is the market overvalued?

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(DUK), Duke Energy Corp.
Buy
(DUK), Duke Energy Corp.
Buy
2.93%
Return
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the followi...

Yes.

(RUN), SunRun, Inc.
Big Buy
(RUN), SunRun, Inc.
Big Buy
-5.40%
Return
SunRun, Inc. engages in the design, development, installation, sale, ownership and maintenance of residential solar e...

Yes.

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