Wall Street’s Best Digest | August 12, 2021

As summer winds down, the markets are not showing any signs of weakness. The Dow Jones Industrial Average passed 35,000 and is treading pretty close to that number, minus a few pullbacks. The outlook for the markets continues bullish, with a bit of belt-tightening, as our barometer depicts.

As long as the economy continues its strengthening, so should the markets. According to FactSet, 89% of the S&P 500 companies have reported second quarter earnings so far, and 88.8% have surpassed their forecasts! In addition to great earnings reports, the employment picture brightened last week, as we saw the unemployment rate drop from 5.7 to 5.4. That’s great news!

In this month’s issue, we begin with our Spotlight Stock, a cell tower provider, who is enjoying the 4G expansion around the world, and is poised to continue its leadership as 5G rolls out. In my Feature article, I further explore the growth of both of those technologies.

Our Growth ideas this month include a flooring retailer, a SPAC for car parts, an automobile dealer, and a pet products manufacturer. More and more companies are paying dividends, and you’ll see a wide variety of them in our Growth & Income section, including an eyecare company, the biggest retailer in the world, a mattress manufacturer, an infrastructure company, a consumer products maker, and a lithium miner.

We offer three Value stocks from the auto dealer, construction, and shoe retailing businesses. As Finance, Healthcare, and Tech stocks are producing big gains this year, our contributors are adding to their portfolios with these banks, pharma, and transaction service companies.

A big category for our advisors this month is Resources, Energy & Utilities, where you’ll find an energy exploration company, a silver miner, two utilities, and a resources land ownership business. In Low-Priced Stocks, we offer an amusement park company and a lithium miner.

Lastly, in our Funds & ETFs section, you’ll find ideas from the contra, small cap, international growth, and covered call arenas.

I hope you’ll join me on Thursday, August 11, 2021, at 1:20 pm – 1:50 pm ET, for my Money Show virtual presentation: Failing to Plan = Planning to Fail: How to Jump-Start Your Retirement with a Simple Stock and ETF Strategy.

And, of course, I hope to see you at our Cabot Smarter Investing, Greater Profits Online Conference next week, August 17-19, 2021. As always, please don’t hesitate to email me with your feedback and questions. My address is nancy@cabotwealth.com.

Featured

We recently highlighted a number of emerging divergences in secondary indexes, which indicated that market breadth had started to deteriorate. Weak breadth has now resulted in a divergence in the Advance-Decline (A-D) Line, which has failed to make a new high for the past month alongside the S&P 500. While it’s still early, divergences in…
American Tower is an equity REIT, and its  portfolio is composed of cellphone towers. American Tower is one of the largest cellphone tower owners in the world. The company reported owning 185,641 of these towers at the end of fiscal-year 2020. The large cellphone carriers are American Tower’s primary tenants, includingAT&T (T), Verizon (VZ), and…
Our Spotlight Stock, American Tower (AMT)—as Ian Wyatt and Stephen Mauzy of Personal Wealth Advisor said, is one of basically two companies leading the cell tower industry. Right now, that marketplace is worth around $10.4 billion, just in the U.S., and has grown at an annual rate of 8.7% since 2016. The global telecom towers…

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