The toughest stock I’ve ever owned (and I’m buying more)

Good morning!

Markets are poised for a drop after three straight days of gains. Not a bid deal; I think they’ll catch a bid shortly, perhaps even by the time you read this.

Here’s my playbook.

1 – Eye on the forest, not the trees

Big money traders focus on the trees which is why the markets go up AND down. They’re simply gonna book some short-term profits today and play on Fed fears about a hike, rates, inflation, jobless claims … whatever pot they want to stir. That’s their job.

What you want to do is keep an eye on the forest.

Today’s selloff has nothing to do with the business case for owning the world’s best companies. It’s entirely technical and, as long as that’s true, you want to keep owning ‘em. And buy more.

Buy low, sell high is how the game works. (Read)

If you’ve got this covered, that’s totally cool and my hat’s off to you. Many investors do not which is why I started One Bar Ahead™. Anybody can buy stocks but knowing which ones to keep is key. (Learn more)

2 – He makes more sense than any politician or CEO

Mike Rowe is a legend for any number of well-deserved reasons. What he has to say about jobs makes more sense than any politician or CEO I’ve heard yet. (Watch)

3 – Apple’s app store still “rules”

Apple got a US Appeals Court reprieve in its antitrust battle with Epic Games that will allow current App Store rules to stand. Epic Games failed to show how Apple’s conduct violated antitrust laws but did show that its conduct violated California’s Unfair Competition Law. (Read)

Either way, Apple is still going to $200+ a share.

4 – VW considering a Porsche IPO to fund EV dreams

VW has Tesla-envy and is reportedly considering a Porsche-unit IPO/spinoff to fund the company's plans for all things EV. Interesting idea but Tesla’s still the better bet IMHO. (Read)

No news if management will lie about emissions.