Stocks give that i base almost all my work on fundamental factors related to the companies i study and not the shape of their charts, the offthecharts segment is both theoretical and antithetical to my traditional stockpicking methods, but i know from your feedba feedback jimcramer on twitter, that youre interested in this analysis and importantly, its proven itself time and time again to really get a lot of people involved at the right level, say . Not for a minute, as i explain in get rich carefully, where i devote a whole chapter to charting, have i become a chartist myself. I still single out stocks to highlight and teach about after studying the fundamentals, the research, the annuals, the sectors, and i overlay them on my broader world view at the moment charters can care less about this stuff they often dont care what the company does i wonder if they could do their jobs with the Companies Names blacked out. In fact, i am sure they could. Some of them hate the distraction of of
Stock, futures is down sharply healthcare stocks are under pressure this morning and amazon entering the health business, pa partnering with berkshire, finding ways to cut the cost of healthcare mcdonalds reporting a major spending boost for thousands of new stores and digital upgrades. Dow and the s p 500 remains on pace for a 10 consecutive months of gain i think it is true. You come in and when you see stocks, when you read the release and the mcdonalds release in the lets just say in the cave and not look at these you would say wow. These are great numbers. The markets set up to go down you have this team up that we talk about all morning with jai jaime dimon. It is generic, yeah, it is been up a lot and i want to take profits ahead of the president whos going to take credits for a good mark. Ye market you come in and let them take credit we got thursday is National Earnings day so there is a lot of reasons to take profits and not a lot of reasons to say you know what, once to the
A stock. No matter how enthralled you are with the underlying company, if the rules say sell it, sell, sell, sell, sell, you sell it. One thing ive learned in my investing career, no matter how much you might believe in something, you violate the rules of the road at your own peril. But where the heck do these rules come from . Its not like they were handed down from on high and carved into stone tablets theyre not like the laws of physics. No the rules come from experience and particularly my experience ive spent nearly 40 years in this business. And in that time, you Better Believe ive learned some powerful lessons in many cases i learned them the hard way and because i dont want you to repeat my mistakes, because i do want you to have the benefit of my whole career, tonight i want to lay out some of my most important rules for investing. The stuff i really live by some of the stuff may seem basic, but again, you forget the rules at your own peril. Back at my old hedge fund, i would
Feet up kind of sit back say all right, whos really doing well . Whos really doing badly . Were having this relentless daytoday analysis. Were still the thick of it. Which is why we need to stay rigorous. This is made more difficult by the shear number of new companies that have had the guts to come public. Lets start with next monday when we get results from clorox. The quintessential consumer goods Package Company that was run so well for so long. Ive studied this company long much to know that its in capable hands and i bet that tradition to good solid numbers that tae how will clorox to become a good Portfolio Holding for so many of you satisfied viewers; i expect good things. After the close, we hear two from two radically Different Companies with stocks, dennys and bio morin. Dennys report drad mat i can upside supplies but the market yawned because Rising Oil Prices turned investors sour on the restaurant group. Then the ceo told a great store pri. Gasoline has fallen since and
Since december. A big day for housing. Well get new home sales in an hour. After an historic day which saw the dow fall minutes into the trading session before closing down 588, futures are serging. Chinas central bank announced its lowering the Bank Reserve Requirements by. 5 . Its the fifth time in nine months theyve done this. The question is what are we going to get out of it . I thought the more important story than the cuts of rates is that maybe theyve stopped the game of trying to prop up individual stocks. The stocks are just not companies that you would theyre buying sock pickup truck. Theyre buying web van. And i think whats going on is this may represent a more serious attempt by the Chinese Communist party to put people to work or something. They could spend their money fixing the sewer systems. Maybe theyll start doing serious work to help their economy. Does that mean today is your chance to get out, to sell your least favorite names . Yes. I have to tell you, when i see