Do you own enough shares of this company?
Sep 15, 2021Good morning!
We’re finally on the road home after a few great days in Las Vegas, lots of meetings and some terrific educational sessions. It was, frankly, wonderful to see so many friends and to enjoy making entirely new ones.
Stocks are bouncing around which is about par for September. Data show that the month is historically a downer with an average decline of 0.56% since 1945 according to CNBC. Still, I remain convinced that the S&P 500 will finish the year at 4,675 or higher and top 5,000 by mid next year.
Here’s my playbook.
1 – Do you own enough?
Microsoft just announced a dividend increase and a $60 billion share buyback program. Shares are up $2.48 on the day as I type. I see $400 within the next 12-24 months.
2 – Dinosaur juice still rules, at least for now
EV’s have caught the public’s fancy and the politicians' lust for yet more power. Last time I checked, there are 30,000+ industrial processes requiring conventional oils and oil-related products. Even if there is a perfect substitute tomorrow, the best scientists still think it’s a decade or more to transition.
Exxon is up $1.44 on the day but I like another company even better. It’s got a great dividend and one of the most aggressive breakthrough technology investment funds on the planet.
If you know what that stock is, GREAT!
If not and you’d like to get on board, I’d love it.
3 – 3rd shot restores efficacy to 95%
Data from Pfizer/Israel show that having a 3rd booster restores efficacy to 95%. Very simple equation and very clear data. Get the shots or get Covid. The virus doesn’t care.
4 – Zucked again?
A new report from the Wall Street Journal suggests that Facebook is well aware that Instagram has a negative impact on teenage mental health. Duh! Only I don’t think the damage is limited to teenagers.
Silicon Valley remains inhabited – and I am generalizing here – by a bunch of spoilt brats who have never acknowledged the consequences of their “social” media driven apps. Study after study suggests that these things have made the world a more divisive, hostile and downright nasty place. Yet, … crickets from the likes of Team Zuckerberg and others.
Can’t short FB because it’s in bed with Wall Street but I’m certainly not going to buy shares.
5 – Costco is killing it
Foot traffic is now over pre-pandemic levels. Profits will follow.
Bottom Line
Money makes money … invest, trade, and let it grow.
What are you waiting for??!!
I’ll be with you every step of the way.
Make it a GREAT day!
Keith :)
