Wall Street’s Best Stocks | August 3, 2021

Summer is in full swing, and the Dow Jones Industrial Average has broken 35,000! Value stocks are still leading the charge, but Growth stocks have come on strong.

The markets had a brief rattle earlier this week, most likely due to China’s new tough regulatory environment, as well as the rapid spreading (again!) of coronavirus, particularly the Delta variant. However, they did quickly rebound, which shows the markets’ resilience.

Here at Cabot, we’re still mostly bullish (as are most of my advisors to Wall Street’s Best Digest). But that doesn’t mean that the market is going to continue to push the majority of stocks up. Instead, as I’ve been noting lately, this is definitely a stock picker’s market.

As I research stocks and funds to suggest to you in these pages, I am not only looking at fundamentally strong stocks, but also reviewing the industries and sectors to ascertain which areas are likely to see appreciation over the next 6-12 months.

The economy continues on a strong path, with housing still booming (prices are up 17% month-to-month); unemployment is steadily dropping; and consumer confidence is rising. Second-quarter earnings look very healthy, and as long as that trend continues, the market and economy should prosper.

I also wanted to let you know that we’re making a couple of changes to Wall Street’s Best Stocks this month. We decided—after reviewing our mission for both Wall Street’s Best Stocks and Wall Street’s Best ETFs—that our subscribers would be better served if we combine the two newsletters, putting all of the recommendations in one place and reducing the number of emails you receive from us. So, that’s what we are doing this issue!

From now on, I’ll be maintaining a portfolio of both stocks and funds/ETFs in the Wall Street’s Best Stocks portfolio, so that you can see all of my recommendations at one glance. And every month, I will offer you a new recommendation or two—stocks and/or funds, with the same thorough write-up you are used to seeing. I hope that this will make it easier for you to keep track of all of my recommendations.

The second change is that Kate Stalter is moving on to other Cabot projects, and I want to thank her for her past assistance and wish her the best.

Well, let’s get on with it! This month, I’m going to recommend that you make a couple of partial sales to lock in your profits, along with a new stock idea.

And don’t forget—our Cabot Wealth Virtual Summit, the 9th Annual Smarter Investing Greater Profits Online Conference, is right around the corner. Won’t you join us on August 17-19? You may register here.

I look forward to seeing you!

Happy Investing!

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