Every Buy List Stock
Posted by Eddy Elfenbein on December 31st, 2019 at 11:56 am

Here are all 91 Buy List stocks and when they made the cut.

AFLAC and Fiserv are the only two left that have been on every year. Stryker is on for the 13th year in a row.

Morning News: December 31, 2019
Posted by Eddy Elfenbein on December 31st, 2019 at 7:47 am

Markets in 2019: You Couldn’t Lose Money If You Tried

From Opioid Deaths to Student Debt: A View of the 2010s Economy in Charts

2020 U.S. Economy Field Guide: Five Key Things to Watch

Bitcoin’s 9,000,000% Rise This Decade Leaves the Skeptics Aghast

Ghosn Flees to Lebanon to Escape ‘Rigged’ Japan Legal System

Electric Cars Threaten the Heart of Germany’s Economy

The Big Change Coming to Just About Every Website on New Year’s Day

Asia’s Richest Man Unveils Online Store in Challenge to Amazon

Tencent Group Buys 10% of Universal Music Group for $3.4 Billion

Why the Impact of the Trump Taxes Remains Partly Hidden

What Will We Eat in 2020? Something Toasted, Something Blue

Ben Carlson: The 2010s Market Decade in Review

Joshua Brown: Two Investment Tricks You Can Use For 2020

Howard Lindzon: Momemtum Monday – Add A Little Froth To My Nasdaq Latte

Roger Nusbaum: Non-Financial Example Of Solving Your Own Problem

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The Second-to-Last Day of the year
Posted by Eddy Elfenbein on December 30th, 2019 at 12:22 pm

It’s been a good year for stocks, but the second-to-last day of 2019 looks to be a soggy one for the market.

The Dow has been down as much as 217 points this morning. Honestly, that’s not much, but it’s a change of pace from the stair-step rally that we’ve enjoyed of late.

The stocks that have done the best recently (like tech) are down the most today. To be technical, this is what they call a counter-trend day.The S&P 500 has been up for five weeks in a row. There’s a chance (a distant one) of the index having its best year since 1997. We’ll probably fall just short of that.

Historically, the Santa Claus Rally is a real thing. Since 1950, the S&P 500 has gained 1.3% during the final five trading days of the year and the first two sessions of the new year. Let’s hope Santa delivers this year.

This morning we learned that pending home sales rose 1.2% last month. In the last year, pending sales are up 7.4%. That’s a good report.

Morning News: December 30, 2019
Posted by Eddy Elfenbein on December 30th, 2019 at 7:33 am

A 7-Eleven in Japan Might Close for a Day. Yes, That’s a Big Deal.

EU Seeks Reset in Trade Talks With U.S. – Trade Chief Hogan

The Decade of Debt: Big Deals, Bigger Risk

The Decade That Saw Volatility Trading Come of Age

Bitcoin Believers Expect 2020 Rally as a Reward for Halving

Gold Up, Dollar Down; Perhaps An Early Glimpse Of A 2020 Trend

Oil Price Rise Muted in 2019 Despite Sanctions, Supply Cuts, Attack In Saudi Arabia

How Big Companies Won New Tax Breaks From the Trump Administration

Tesla Just Delivered Its First China-Built Cars in Shanghai

Egypt Competition Watchdog Approves Uber Acquisition Of Careem With Conditions

Hedge Funds to Record More Closures Than Launches for Fifth Straight Year

Jeff Miller: Weighing the Week Ahead: Does Historical Analysis Improve Market Forecasts?

Michael Batnick: Slow and Steady

Ben Carlson: Peter Lynch: The Barry Sanders of Investing

Roger Nusbaum: Is There A Tradeoff Between Freedom & Happiness? & A New Defensive Tool From Direxion?

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Morning News: December 27, 2019
Posted by Eddy Elfenbein on December 27th, 2019 at 7:51 am

China’s Government Is Letting a Wave of Bond Defaults Just Happen

China Blocks American Books as Trade War Simmers

U.S. Energy Shareholders Seek to Leave Behind a Lost Decade

Guide To Beating The New Death Tax: The End Of The Stretch IRA

U.S. Government Sets Record for Debt Auctions

Americans’ Near-Record Levels of Credit Card Debt Help Bolster Banking Industry

Banks Set for Biggest Job Cull Since 2015 as Morgan Stanley Cuts

The ‘Fire and Ice’ Decade That Changed Everything on Wall Street

The F.A.A. Wants to Start Tracking Drones’ Locations

Blocked in U.S., Huawei Touts ‘Shared Values’ to Compete in Europe

The Rikers Coffee Academy

Self-Checkout in France Sets Off Battle Over a Day of Rest

Nissan Orders Drastic Spending Cuts to Stem Profit Slide and ‘Conserve Every Yen’

Tesla Set to Begin Deliveries of China-Made Model 3 Cars on Dec. 30

Ben Carlson: The Awful Economy Paul Volcker Inherited in 1979

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The Nasdaq Breaks 9,000
Posted by Eddy Elfenbein on December 26th, 2019 at 12:55 pm

For the first time in history, the Nasdaq Composite broke 9,000 this morning. For some context, the index last closed below 900 on June 14, 1995, and it last closed below 90 on November 19, 1976.

The S&P 500 is also at an all-time high this morning. Mastercard said that e-commerce sales rose 18.8% over last year. Overall holiday retail sales, excluding autos, rose 3.4%.

This morning’s jobless claims reports fell by 13,000 to 222,000. Wall Street had been expecting 222,000. That’s a pretty good report.

Morning News: December 26, 2019
Posted by Eddy Elfenbein on December 26th, 2019 at 7:54 am

Indian IPOs Fall to Four-Year Low as Economy Falters

Oil Hits Highest Since September on Trade Hopes, OPEC Cuts

The Corporate Bond Market’s $100 Billion Buyer Is Here to Stay

Gold Makes Headway Above $1,500 as 2020 Comes Into Closer Focus

How the Trade War Is Putting Christmas In a Brand New Light

Record Online Sales Give U.S. Holiday Shopping Season a Boost

‘Everyday Supercar’: A New Corvette Puts a Target on Ferrari’s Back

Tesla: There’s None So Blind As Those Who Will Not See

Brash Uber Co-Founder Kalanick Leaves Board to Focus on Industrial Kitchens

Burning Man Organizers Sue U.S. Over Millions in Permit Fees

Behind a U.A.W. Crisis: Lavish Meals and Luxury Villas

Is a 63-Year-Old Seaplane With an Electric Engine the Future of Air Travel?

Jeff Carter: What Is The Biggest Analytical Mistake People Make?

Howard Lindzon: Merry Christmas and Some Resolutions

Michael Batnick: Animal Spirits: The Best Decade In Human History

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The 2020 Buy List
Posted by Eddy Elfenbein on December 25th, 2019 at 4:05 pm

I hope you’re having a wonderful Christmas. Here are the 25 stocks for the 2020 Crossing Wall Street Buy List:

AFLAC (AFL)
Ansys (ANSS)
Becton, Dickinson (BDX)
Broadridge Financial Solutions (BR)
Cerner (CERN)
Check Point Software Technologies (CHKP)
Church & Dwight (CHD)
Danaher (DHR)
Disney (DIS)
Eagle Bancorp (EGBN)
FactSet Research Systems (FDS)
Fiserv (FISV)
Globe Life (GL)
Hershey (HSY)
Hormel Foods (HRL)
Intercontinental Exchange (ICE)
Middleby (MIDD)
Moody’s (MCO)
Ross Stores (ROST)
RPM International (RPM)
Sherwin-Williams (SHW)
Silgan (SLGN)
Stepan (SCL)
Stryker (SYK)
Trex (TREX)

The five new stocks are Ansys (ANSS), Middleby (MIDD), Silgan (SLGN), Stepan (SCL) and Trex (TREX).

I’ll have more details on the new buys in upcoming issues.

The five sells are Continental Building Products (CBPX), Cognizant Technology Solutions (CTSH), Raytheon (RTN), JM Smucker (SJM) and Signature Bank (SBNY).

To recap, I assume the Buy List is equally weighted among the 25 stocks. The buy price for each stock will be the closing price on Tuesday, December 31, 2019. The new Buy List goes into effect on Thursday, January 2, 2020, the first day of trading of the new year.

I’ll send you another email on January 1 with all the performance details for 2019, and the rebalancing numbers for 2020.

If you’re a shareholder of the AdvisorShares Focused Equity ETF (CWS), all portfolio changes are made automatically. Also, at the end of the year, all the positions are rebalanced automatically.

Happy Holidays! – Eddy

* Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the standardized performance and most recent month end performance, click https://www.advisorshares.com/fund/cws.

Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.

Merry Everything!
Posted by Eddy Elfenbein on December 25th, 2019 at 8:45 am

I wanted to take this opportunity to wish everyone a Merry Christmas and a happy, healthy and profitable new year.

This has been an incredible year for us. The blog continues to grow its readership. The newsletter has a record number of subscribers and our Twitter following is growing as well.

Our ETF turned three years old. I want to thank all our shareholders for their trust and confidence in me.

I also want to thank my tireless editor, Marcia Hippen. She also posts the invaluable morning news links. I also want to acknowledge some of my fellow financial bloggers Barry Ritholtz, Josh Brown, Morgan Housel, Michael Batnick, Howard Lindzon, Tadas Viskanta, Jeff Miller and many, many others for their continued support.

I’d also like to thank the people who follow and interact with me each day on Twitter.

Most of all, I want to thank all of my readers for your continued support.

Let’s hope 2020 brings us more success!

Morning News: December 25, 2019
Posted by Eddy Elfenbein on December 25th, 2019 at 7:57 am

Saudi Arabia Wants Your Next Vacation

Aramco CEO Says Saudi-Kuwaiti Accord Paves Way For Resumption of Oil Production

My Cookie’s Better Than Yours: Italy Is in a Hazelnut Cream-Filled Civil War

Gold Will Rise by 6.9% in 2020

Boeing Discloses ‘Very Disturbing’ Messages on Max to FAA

Uber’s Travis Kalanick to Leave Board to Focus on New Business

How a Decade of Drinking Changed the Future of Booze

Five Pirate Attacks in Four Days in the Singapore Strait

Businessweek at 90: Covering Business Through the Decades

Crisis Looms in Antibiotics as Drug Makers Go Bankrupt

Pentagon Warns Military Against At-Home DNA Tests

Feds Investigating Whether BMW Claimed Dealers Sold Cars They Didn’t

Ben Carlson: Looking Back at The Bear Market, a Year Later

Howard Lindzon: Could 2020 Be As Good as 2019?

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