All I can say about today is, we didn't get into this mess in one day and we won't get out of it in one day either. Hi everyone. I hope you're not losing faith. There are bound to be some bumps on the way back up. I've got 3 companies today that oughta lift your spirits, if you're down in the dumps today.
This first company is quickly gaining popularity as we pass through these tighter economic times. DINE/Rewards Network provides marketing services, loyalty programs and access to capital for the restaurant industry. They offer a marketing credits program and a marketing service program. Through these programs they purchase food and beverage credits from participating restaurants and then sell them for the restaurants. They also provide rewards for members who dine at participating restaurants. DINE has 9,542 participating restaurants with 6,372 of them in credit programs and 3,054 in marketing services programs throughout the US and Canada. The relative value, timing and safety for DINE were decent and they have a P/E ratio of 17.42. Sales are up 11% over last quarter and net income has climbed 146% over the past year. DINE is up(price) 20% over the past 52 weeks, 13% for the month and 18% over the past 7 days. Next is UNP/Union Pacific. These guys are just a good ol' fashion rail company. They provide railroad transportation of freight products for the agriculture, automotive, chemical and energy industries. UNP owns 32,205 route miles and operates on 18,695 mainline and branch line route miles throughout 23 states in the western US. I saw very high relative value , timing and safety numbers for UNP and they have an 18% forecasted earnings growth rate. UNP is up(price) 36% over the past 52 weeks, 10% for the month and 9% for the week. Net income for UNP was up 15.5% over last year. They pay a dividend of $.88 per share with a 19% dividend growth rate. Some investors may shy away from my final pick today, but I think they are a-okay. CNC/Centene Corp provides health insurance to low-income families as well as cash assistance and full medicaid benefits to the aged, blind or disabled. They operate health plans in Indiana, New Jersey, Ohio, Texas, Wisconsin and South Carolina. The relative numbers for CNC were all great. They also have an annual sales growth of 34%. Not to mention a net income increase of 268% over the past year. It's no wonder they are up(price) 6% over the past 52 weeks, 36% over the last month and 15% for the week.
I really like days like today. When I see oil and the market both close up, it gives me hope for the bullish investor in these uncertain times. Some analysts think this recent "surge" in the market is just a flash in the pan, but I believe we are starting the journey back up.
O.k. forget the analysts and forget me. What do you think? Is the recent positive momentum in the dollar and the market a sign of better times ahead? Or, is this just an "eye of the storm" situation? Let me know.
Well, the dollar stalled out a bit today. Nothing too bad. I figure, it's just taking a break before continuing it's long trek back to it's rightful place atop the world's currency market. we are still undervalued against some major crosses(like the Euro and Yen). I'm still short the EUR/USD and long the USD/JPY for the long-term.
I don't know about you, but I'm feeling a lot more confident about my long-term investments than I did a few weeks ago. I really think we'll work all this stuff out. I'll be back tomorrow with some more askew market perspective for you, cause we're all in this together. Thanks for reading.
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