In July I wrote about investing in an overvalued market under the estimate that an 18,500 DJIA would be the peak of the current bull market, ushering in a correction. In hindsight, this equities market would beguile us into even further overvaluation for several more months, continuing today. Anyone looking to buy in these market conditions really needs…
Easy, Simple Money: The Explosion of Passive Investing
Are public equities fully valued, overvalued, or are there plenty of buying opportunities? What could happen to the price of fundamental commodities such as oil and precious metals, and how might this affect the markets? Only time will reveal the answers to these impactful questions, but one thing is very obvious: the current market sentiment is…
Why Apple Should Fund a Millenial’s Retirement
Apple is famous for its innovation, revolutionary culture, and juggernaut-like stock performance of the 2000s. Prior to the Great Recession, Apple was the the focal point of Wall Street’s craze, and continues to be one of the most actively traded equities on the Nasdaq. The Silicon Valley pioneer repeatedly beat earnings quarter after quarter, and profits continued to…
Buckle Up: A Rocky Six Months Ahead
The US equities markets continue to graze all-time highs as companies from a wide range of industries consistently beat earnings forecasts. While FED interest rates remain near zero, and inflation persists at a nominal level, businesses are posting better-than-expected growth considering the favorable lending conditions. However, when the market hits an all-time high, I will always…
Tesla’s Latest Plan to Change the World: Buy or Sell?
Elon Musk’s most recent announcement regarding the future of Tesla came precisely in company fashion: it was delivered late, but exceeded expectations. Musk outlined plans to add three models to Tesla’s fleet: a semi-truck, a pickup truck, and a more compact, affordable SUV. With the addition of these three products, the Tesla lineup will address almost all…
Buying in an Overvalued Market
With the DOW and S&P 500 hitting record highs this week, it’s logical to believe that US public equity markets are overvalued. Although global markets took a substantial hit following Brexit, they rebounded strongly, nearly 15% across some industries (as I forecasted). It remains clear that while Brexit has restrictive implications on trade regulations, the market overreacted…
Buffett & Brexit
“Be fearful when others are greedy, be greedy when others are fearful.” My Warren Buffett high school yearbook quote has never applied more to the Brexit situation. There truly hasn’t been a time since the Great Recession when the market sentiment has been more fearful. Britain’s vote to withdraw from the European Union came as a shock,…
Why I’m Short on my Favorite Company
As a millennial, I am a huge fanatic of Tesla’s business. The concept of electric, self-driving cars is appealing for so many reasons: reducing fossil fuels, increasing driving performance, and inspiring technological innovation. That said, short one of my favorite companies, TSLA, trading around $215. This idea is purely based upon Tesla’s seemingly-insurmountable production challenge that it…
Banking and the FED: Is it still 2009?
While the Great Recession decimated fortunes and ruined the global economy, many believe that the road to recovery is complete. With unemployment rates below 5% and the FED preparing to raise rates, the market should act accordingly, right? To some extent, it has. The Dow Jones Industrial Average is trading close to 18,000, and overall, the global…
Amazon: Overhyped, but not enough
With a PE of 293, it’s easy to say that Amazon is exceedingly overvalued. But I fundamentally disagree. As a matter of fact, buy AMZN. The stock is trading at $715, but the company still has tremendous upside. While Amazon undoubtedly owns the e-commerce sector, people do not realize the other services wherein they also…
McCann Investments 