If you buy only one stock today…

Good morning!

All three indices ended yesterday in record territory and whether they stay there or not depends entirely on the Fed.

Here’s my playbook.

1 – What Powell doesn’t say will be more important than what he does say

Fed Chair Jerome Powell is going to lay out his plans for all the marbles later today. My POV is that the markets will shake off what is probably the single most telegraphed rate increase programme in recorded history if he sticks to the plan. And crater if he doesn’t.

Many people will try to get ahead of the Fed but trading/investing the reaction is the more powerful move. I’ll be watching financials, tech and energy very closely. (Read)

2 – Still the best “buy” in town

The fabulous Maria Bartiromo asked for my take earlier this morning following remarks by President Biden in Glasgow, Scotland yesterday during which he blamed OPEC and Russia for high oil prices yesterday. I didn’t mince words. (Watch)

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3 – Facebook to scrap facial recognition – like hell!

It’s the latest move in that company’s charm offensive and it’s intended to make any semblance of controversy disappear ahead of the move to Meta. Mark my words … facial recognition will resurface in Meta with a new name and a new use. (Read)

Still not touching the stock unless Zuck is out.

4 – Bet on Zillow?

Zillow is closing down its homebuying business and laying off 25% of its workforce. Earnings got hammered because the “unpredictability in forecasting home prices dramatically exceeds what [management] anticipated” according to CEO Rich Barton. Turns out my concerns about management getting off track were well-founded. (Read)

Perhaps there’s a turnaround if management can get back on track. Selling cash-secured puts could be a way to play that possibility.

5 – The longest line in Disney history

More than 30,000 park visitors were locked in Shanghai Disneyland after a single visitor tested positive for Covid-19. All were forced to undergo a nucleic acid test before being allowed to leave. And you thought Magic Mountain’s line was the long one! (Read)

No impact on the stock …yet. But I’m leery which is why I don’t own it.

Bottom Line

Many investors are lazy, greedy, or simply misinformed about how the markets actually work.

Take advantage of the situation and be resourceful.

Then YOU win!

I’ll be with you every step of the way.

You got this – I promise!


Keith :-)