18 Sep FedEx – Update
FedEx reported earnings after the close last night that were below analysts’ estimates and further reduced their 2020 outlook from $13.25/share to $10 - $12/share. That is a huge reduction...
12 Aug Consumer Confidence
Consumer confidence is probably the single most important factor keeping the U.S. economy growing. As you can see from the chart above confidence is near record highs. A significant decline...
14 May May 14th 2019 Market Comment
The market’s reaction to increasing trade tariffs with China has been understandably negative. The economy has been showing signs of slowing and if this continues to drag on it will...
19 Feb Coast to Coast
Since the December 19th letter I sent out, the markets have gone coast to coast – from severely oversold to slightly overbought. What a difference a little time can make....
19 Dec Grinch Go Home!
On October 4th I sent out a note expressing my concerns about the stock market due to the price declines in certain key industries (housing & auto’s) along with the...
04 Oct Whirlpool Update & Market Thoughts
Whirlpool continues to decline substantially from where we originally purchased the stock ( -30%). At this point it has reduced the value of the portfolio by a little more than...