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The Tide that Lifts All Ships

The opinions expressed by columnists are their own and do not necessarily represent the views of

Markets around the world traded higher last night as investors celebrated the thrilling rally into the close of the US markets. Wednesday marked the third largest point gain in history on the Dow. The S&P 500 had its best day on a percentage basis since 2008 and the NASDAQ gained an impressive 4.2%. The superlative relief rally looks to continue into the open this morning.


As the smoke clears, we are digging into individual stock performance while looking and identifying great stocks that got caught up in the carnage. As the price of crude rebounds over $40, there are rumblings of calls for a bottom. There are certainly some incredible bargains to be found in the oil sector and we are working on a detailed analysis of the sector. In the meantime, if you are looking for oil investments make sure you have downloaded Charles' free special report "The Hype vs The Reality" which has two names to buy now. Click here to access the report.

The old saying is "a rising tide lifts all ships," but not all ships are created equal in an environment like this. There were some stand outs in the financial, cybersecurity, biotech, semiconductor, and consumer retail industries. The economy and market are elastic, so today's biggest winner can be tomorrow's biggest loser. That said, the winners are those with the best fundamental stories. Top line growth above industry based on pricing power, not massive discounting which will be seen in margin expansion, capturing market share, strong pipelines and consistent execution are what we are looking for.


Key earnings reports this morning come from Tiffany (TIF), Burlington Stores (BURL) and Dollar General (DG). TIF came in with a miss while BURL and DG both delivered reports that beat estimates. This on the heels of good reports from Best Buy (BBY) and Express (EXPR) Wednesday is giving the sector a lift.

Consolidation deals and share buyback programs are adding to the upside bias. This morning St Jude (STJ) is up on unconfirmed speculation that Abbott Labs (ABT) is preparing a bid. We are looking for more of these types of moves with good companies on sale.

In restaurants, BWLD and CMG are head and shoulders above the rest.

The Fed will likely still hold off on raising rates in September, but the massive gross domestic product (GDP) puts December in play.

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