Wall Street’s current dilemma is deciding whether the business cycle is headed into late stage stagflation or early stage super cycle. Rather than debate the prevailing narratives, I’m taking positions in stocks that I believe are exhibiting favorable risk adjusted return opportunities.
Today I added 15 stocks to my portfolio.
They encompass 8 different industry sectors. [Basic Materials, Communication Services, Consumer Cyclical, Consumer Defensive, Healthcare, Industrials, Real Estate, and Technology.]
Some appear to be breaking out above their 50 day moving average (dma). Others are trading well below their 200 dma.
I believe they all offer LONG TERM favorable risk adjusted returns based on their forecasted growth potential.
Stocks purchased today include: CE, DOW, GOOGL, LEA, GPK, LW, LLY, BA, NOC, FDX, AMT, JBL, INTC, NVDA & SQ.
I’ll discuss my rationale for making these purchases in an upcoming episode of the Wealthsteading Podcast.
Stay tuned.
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