7/22 Best Idea For The Week Ahead

If you missed it, I sent out 2 posts yesterday, 1 daily recap and 1 earnings preview. The earnings preview was sent early so you had extra time to prepare for next week and the plethora of earnings coming. If you missed it the link is here

Earnings Preview

As I mentioned in yesterday’s recap, we had a breakout last week on healthcare and utility stocks, typically, that doesn’t bode well for the market in the short term. Alot can change in the 2 weeks ahead as all these companies begin to report but you have to think with the run tech has had so for in 2023 that a rotation to other sectors in the short term is plausible and probable. That doesn’t mean the tech trade is over, it just means that short term, money is positioning in other sectors.

These trades of the week are intended to be longer term multi week/month trades. They often tend to work out quickly just because the chart setup is there, but when some of you ask me for ideas on building a book, these names are all high quality names that are ones you can add to a longer term holding portfolio for an extended timeframe. I don’t ever discuss names that I think are bad.

Today is no different, this is a $9B company with a near 4% dividend and a great activist involved attempting to unlock shareholder value at the moment.