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Two new recommendations and one oldie. Time for a little bottom fishing.

It’s up today. Yesterday it was down.

If I sell when a stock is cratering — e.g. Amazon — I feel like an idiot because it rises the next day or two.

You can’t time the market. No one can. Repeat after me:

No one can time the market.

No one can predict it.

Stay with stocks you love. Dump those whose prospects have changed.

There are five factors affecting the market:

+ Tariffs. They’re making business more expensive and hurting consumer demand and earnings.

+ Rising interest rates. They look like they’re continuing up — despite Trump’s browbeating.

+ Chinese tariff negotiations. They might throw Trump a bone. He’ll then declare victory. Perhaps before next Tuesday.

+ Stocks are now much cheaper.

+ The mid-terms will be over next Tuesday. Remember this chart:

A spec?

IBM just bought Red Hat. The scuttlebutt is that CEO Ginni Rometty will leave and Red Hat CEO Jim Whitehurst will become the new CEO or Chairman Emeritus.

IBM looks like a bargain at these depressed prices. This is not GE. This a real company.

Yield is 5.44%. Imagine a 10% pop in the stock in the next 12 months. And you’re looking at a 15% gain.

Dividend stocks

+ LADR will report after 5 PM this evening. It’s yielding 7.8%. It’s risen 13% since I started recommending it inn June.

+ Blackstone Group (BX) is yielding 7.6%. It’s way below — 19% below — its peak this year. Good gamble.

It’s magical.

I can talk to Siri on my new Series 4 Apple Watch and tell it to “Call Susan.” And it does. Meanwhile my phone is in my backpack.

Why is the press “The Enemy of The People”?

CBS “60 Minutes” correspondent Lesley Stahl has revealed a candid remark made to her by then-presidential candidate Donald Trump in 2016.

“I said to Trump, ‘You know, that is getting tired. Why are you doing this? You’re doing it over and over. It’s boring and it’s time to end that,'” Stahl said on stage alongside “PBS Newshour anchor Judy Woodruff.

“He [Trump] said, ‘You know why I do it? I do it to discredit you all and demean you all so when you write negative stories about me, no one will believe you.’

From CBC News May 23, 2018. Click here.

Favorite latest New Yorker cartoons

HarryNewton
Harry Newton, who’s had an awful head cold/bronchitis for the past ten days. I have no clues as to how to get better fast. I’ve tried:

+ Five days of antibiotics.
+ Several hits of MucinexDM.
+ Endless tea with honey and lemon.
+ Vitamin C.
+ Oranges — juice and whole.
+ Lots of naps.
+ Advil for the headaches and earaches.

None of this seems be working. I’m still coughing up green stuff. But I’m not dying. And I’m feeling marginally better. I found comfort in this helpful article from Best Life:

To read the piece, click here.

Updated stock list today. Click here.

 

  • Kenneth Corntassel
  • J. Browser

    I just knew all the comments today would be about your cold. Your readers never fail to impress me. Wait, I mean your readers never fail to depress me.

  • Lucky

    For your cold…3 hot toddies in a row made with two fingers of brandy a sweetener and maybe some lemon juice. Go to bed and sleep it off.. it may not cure your cold but you you will feel a hell of a lot better being sick!

  • Omer Acikel

    Harry, about your cold, I think you have done all the things I would have done except I also do hot showers to loosen my throat to cough out the nasty stuff -especially in the morning when that stuff drains down to your throat-. BTW when a high yield-stock goes higher in price, like LADR did -thank you for that I own some since August- their yield decreases in %. LADR is a good example: in June it was almost 9%, now it is mid 7% after about 13% surge in stock price. So If IBM goes higher, probably their yield won’t stay at 5%.