Today is a perfect example for why I don’t short stocks or markets. The market is rallying hard – but only for one, very strange reason:
Did not see this coming, and I am not sure how this changes weak GDP numbers or helps increase corporate cash flows? But the market is rallying so Buy, Buy, Buy!
Only joking – this would be a good time to practice discipline:
But you can still work on your stock wish list – here are the equities that make the “stocks to own” screen this week:
| Ticker | Price | Fair Value | Margin of Safety | Yield % |
| AMGN | $137.30 | $194.00 | $56.70 | 2.8% |
| MMP | $66.43 | $76.00 | $9.57 | 4.9% |
| WMT | $69.37 | $76.00 | $6.63 | 2.9% |
Click on the links to research further.
Results are based on the following screen:
- Low fair value uncertainty.
- Wide moat.
- Morningstar rating 4 or more stars.
- Financial Health Grade >= B.
- Current P/E <= 20.
Extra: If you missed it – SNL Election Cold Open:
https://www.youtube.com/watch?v=hxH6bKNPBIA
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