Stock Talk
As the Friday market comes to a close, a few afterthoughts on yesterday.
Watching the market's ebbs and flows in real time, it is easy to draw conclusions that may later call for a more circumspect view. Perhaps limbo is only a temporary state for the miners.
As the technology sector continues under pressure, one wonders whether sector rotation may once again favor the value of gold and silver, lifting miners previously left in limbo by many investors. Bank of America recently upgraded Kinross Gold Corporation (KGC), citing many of the same characteristics discussed here since the stock traded in the single digits—earnings growth, share buybacks, a dividend, and continued growth prospects.
For that reason, on second thought, KGC remains a watch stock.
Moving to a different sector, companies producing the everyday essentials used around the world continue to demonstrate their resilience. Markets and sentiment change, but demand for everyday essentials doesn't.
Diapers, toilet paper, paper towels, facial tissues, feminine care, baby wipes, and adult care products are used and needed in any economy.
That's why Kimberly-Clark (KMB) is often viewed as a defensive holding. After some due diligence, however, KMB appears to be more than just a defensive holding.
KMB's steady earnings growth, strong dividend, and continued investment in U.S. manufacturing help support that view.
KMB globally manufactures products close to the markets it serves while continuing to expand production here in the United States, investing more than $2 billion in its largest U.S. manufacturing expansion in over 30 years.
KGC and KMB... two stocks to watch.
Things change fast. Stay watchful.
- Jones Report
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More later so ....Stay tuned, if you dare!
For now, we close by noting that any view on the market and stocks on any particular day may change in the days to come. That is why we watch and see how our views match up with reality. Looking ahead a few months may be a way to do things - but thinking too deeply about world events and the recent alliances forming, can make projecting ahead a dicey endeavor.
All in all - we use the word maybe "some", not "too much" and play it accordingly. Never get arrogant in our notions because things do change - and individual stocks are subject to many factors outside our control. So, we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
ALL in my humble opinion, scroll down and read more. This site does NOT make Buy / Sell recommendations.
