We managed gains in spite of the deleterious environ, did some culling and added a few names to the mix. Now with markets volatile, I will use it to move things around, lean into certain areas of the market that are stronger, such as basic materials and big healthcare. Wall Street’s most indecorous people were...Read More

I am often regaled with questions about market timing and if “it’s safe to buy.” The long answer is nuanced. But the short answer is, at least statistically, the best time to buy is now. There are periods of duress and then there are legitimate panics born out from a fundamental concern or geopolitical condition....Read More

The largest contract manufacturer in the world confirmed something we already knew. Nevertheless, it’s good to have confirmation.Hon Hai Precision Industry, which does business as Foxconn internationally, reported revenue of 2.1 trillion New Taiwan dollars ($63.9 billion) in the fourth quarter of 2024, up 15% year-over-year. Foxconn’s bumper sales performance was heavily driven by growth...Read More

This is not a victory lap; because we are not even close to being done here. However, before the weekend settles in and everyone is out to dinner, I’d like to remind you that to panic in the face of moderation is to shrink from one’s duties as an investor. This just in from $MSFT:Microsoft...Read More

I thought this was interesting, hard to make a bear case with numbers like this. Note that $AMZN is categorized as “services” inside Stocklabs, which is why sales are so high for the sector.Aggregate revenues for tech was +9.3% (not all of Q4 data is in); hence the PE of 27x.Where do valuations stand on...Read More