Dear Reader,
US stocks continue their march higher. I do not see a bear market(fall of 20%) of the main indices in sight.
US stocks seem with lofty valuations, but the US economy is doing OK. Facebook seems a bit overvalued, but apparently investors think it will continue growing strongly and will develop new markets. Google is wildly profitable and its market continues to grow. Microsoft, Apple and Amazon see growth in front as well.
I do not see gold rising too much further. The Federal Reserve will continue its hiking cycle which should put downward pressure on gold. Oil seems to be stuck in a range and I do not see it breaking out soon.
Electronic games companies like Electronic Arts, Activision Blizzard and Take Two Interactive look attractive.
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Kind regards,
Petar Posledovich
Stocks valuations, analysis. Unbiased. Insightful. Property of Wolfteam Ltd., www.wolfteamedge.com If you find the blog useful, LINK TO www.posledovich.blogspot.com Stocks, Bitcoin, Cryptocurrencies, AI, analysis, insights. CLICK ADVERTISEMENTS, SHARE ON SOCIAL NETWORKS! Technology, Bitcoin, AI, company strategy, stocks analysis. Stocks, crypto involve high RISK! Nothing on this blog is meant or should be construed as investment recommendation to buy or sell securities or their derivatives!