It’s Jobs Friday – and the report from the US Government is very good:
- MarketWatch – U.S. economy adds 235,000 jobs in first monthly payrolls report of the Trump era
- Business Insider – Labor force participation moves up and Wage growth bounces back
The Market should pop today, but remember -what is good for the economy is not always good for the market – this jobs report pretty much assures a rate hike by the Fed next week – so it might not be the best time to load up on equities:
- Bloomberg – What Feb. Jobs Report Means to the Federal Reserve
- ZeroHedge – Goldman Changes Fed Forecast: Sees Rate Hikes In March, June And September; Earlier Balance Sheet Reduction
I have two 5 Star stock picks for your watchlist this week:
| Ticker | Price | Fair Value | Margin of Safety | Yield % |
| WSM | $47.50 | $73.00 | $25.50 | 3.1% |
| ESRX | $66.86 | $100.00 | $33.14 | 0.0% |
Click on the links to research
I have been watching Williams-Sonoma for a while – attractive company and yield. Retail in general is in a funk, but I believe WSM has a good on-line presence. Still, need to wait for a serious pullback before making a move.
I would not touch Express Scripts or any company involved with prescription drugs right now. There is not much Republicans and Democrats agree on – but one area of consensus seems to be vilifying this industry (for good reason) – and it plays really well with the public.
Results are based on the following screen:
- Morningstar Rating = Five Stars
- Financial Health Grade >= B
- Cash Return % >= 5
- Stock Industry not = Asset Management
Extra: Stephen Kellogg has a new song – Daughters:
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