I’ve updated my investment ideas page. (members click here). As always, this week’s write-up includes specific equity, ETN, and ETF analysis. Updates of note this week include a new long in a multi-national, some sales in some select foreign ETFs, and more.
Here’s a sample from this week’s update, on FAANG:
I talked last month about the potential importance of the June 9th selloff in the big cap FAANG stocks that everyone loves. What we’ve seen since is a splintering of that group. Facebook, Apple and Netflix are higher than the June 8th close and thus negated that day for them while Amazon and Google/Alphabet are below that close. The latter disappointed some on earnings. Bottom line with earnings, I believe it is clear that investors/traders are becoming more discriminating and more selective and divergences are beginning to occur as we approach the typically unknown time of August thru October with respect to historical market hissy fits.
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Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor.