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Investing Daily Printable PDF The stock market is trading at record levels but in many ways it’s been a very rough year in 2020. The good news is that the prospect of COVID-19 vaccines plus unprecedented monetary and likely strong federal stimulus to keep the economy afloat until the vaccines get to work should be a tailwind for stocks. The bad news is that the seeds have been sown for a likely long-term top in stocks, albeit one on the fairly distant horizon. Sometime in 2021 the world will likely be in a synchronous economic upturn. The market, as is its nature, isn’t waiting to see the recovery. Markets are forward looking and they anticipate events. Hence the recent gains in stocks and the outlook for more gains ahead.
Investing Daily Printable PDF Every weekend I run a series of stock screens from my Fidelity brokerage account. Each screen is designed to identify potential recommendations for one of my publications or for my own personal portfolio. One of the screens I run is income-oriented, which I use to identify potential investments for my Utility Forecaster newsletter. However, I don’t restrict this screen to just the sectors we cover in Utility Forecaster. I want to see what the best current income opportunities look like across all sectors. I have specific criteria for the screens, such as a minimum 4% annual yield requirement. Further, the stocks must be optionable, because I always want to boost that yield up into the 8%+ range by selling covered calls. I have various other criteria based on valuation, volume, analyst ratings, etc. This also is just a first level screen. After identifying the first cut of companies, I run them all through a second screen that narrows the first list down by 80% to 90%.
Investing Daily Printable PDF Airbnb (NSDQ: ABNB) on Thursday became the latest “unicorn” to go public. A unicorn is a privately held startup company valued at more than one billion dollars. After raising the price several times due to high demand, ABNB went public at $68 per share. At that price, the company is valued at $47 billion. Not bad for a business that was in serious financial trouble nine months ago. At that time, the rapidly escalating coronavirus pandemic forced vacationers to cancel their travel plans. I know, because I was one of them. I had reserved an Airbnb property in New York City to participate in the TD 5 Boro Bike Tour scheduled for May. That event was canceled, so Airbnb gave me a credit for my deposit to use in the future.
Investing Daily Printable PDF I want to take a break today from the news cycle and the market’s gyrations. Let’s lift the velvet rope…and mingle among the wealthiest people in the world. There’s much that we can learn from the “super rich.” Donald Trump, Michael Bloomberg, Warren Buffett, George Soros, Carl Icahn, Bill Gates, Jeff Bezos, and even Vladimir Putin all have one thing in common: they’re multi-billionaires. Well, no one’s completely sure about Trump’s real net worth. But if it seems to you that billionaires are running the world, you’re not wrong.