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Got $1,000? Here’s a stock to buy and hold forever

Dec 23, 2022

Good morning!

The biggies—the S&P 500, the DJIA, and the Nasdaq—are all green in early going, but the markets are still on track for the third straight down week.

Do NOT squander the opportunity!

Here’s my playbook.

Got $1,000 to invest?

I get asked all the time about stocks that I’m prepared to hold forever. Contrary to what people think, they ARE out there right now.

Microsoft is a long-time fav. The company is a top-tier player in every segment it enters. It has raised and paid dividends for more than 19 years and has high profit margins on annual revenue of $200 billion, or roughly $547.9 million a day.

I thought that might get your attention. Upgrade to paid

As if FDX doesn't have enough problems already

FedEx and UPS are warning that the massive winter storm covering much of the US will delay package delivery. (Read)

My thoughts: Go straight to earnings and putskies!

Disney has an ESPN problem

Wells Fargo analysts predict Disney will dump ESPN and ABC in late 2023. Disney, they say will focus on content creation and cost rationalization and throw broadcasting and cable sports to the wind. (Read)

I agree.

Disney’s had an ESPN problem for years, which is why this would be a good move if it (finally) happens. Meanwhile, the House of Mouse continues to plumb new depths.

I want to see a few quarters of turnaround performance first but remain leery that’ll happen anytime soon as recessionary fears mount.

Always do what Wall Street does, not what it says

Bank of America is reporting the highest-ever weekly equity outflow on record… a staggering $41.9 billion outflow. (Read) The official story is tax loss harvesting, but don’t you dare believe it.

Wall Street has a long habit of saying one thing and doing another. In this case, the headline is all about the selling, but what nobody is thinking about is the fact that you can’t have sellers without buyers.

It takes two to tango.

MyPOV: Yes, down days are scary—as are headlines like the one BoA is reporting. But that doesn’t change the fact that you have to be in to win or you won’t… win. So, change up your tactics to help regain the advantage, even if there’s more selling ahead. I laid out four simple, easy, and powerful choices in yesterday’s M5, as a matter of fact. (Read)

Buy the best, and ignore the rest!

There's hope for every gas guzzler yet

I’m known to ride or drive 1,000 miles for a cheeseburger because I love my petrol-burning, piston-clankin’ machinery. I have nothing against EVs and, in fact, drove a Prius for years because I liked it so much.

This is great news because it would ease the burden on anybody who likes their existing car just fine and who doesn’t have the money or feel like plunking down a cool $75k+ for an EV. (Read)

There’s no path to invest just yet, but I’ve got to believe that’ll surface shortly. Meanwhile, my favourite dinosaur juice maker continues to hold up nicely. Upgrade to paid