Dear Reader,
The US stocks bull run is still going strong. Nasdaq is on track to chalk up 30% return on 2017 as in 2013.
The European Central Bank gave a dovish message today and could possibly continue to buy bonds actively, which should further support stocks.
Gold is going up strongly in the last few weeks. The upside for gold, however, is limited by the intention of the Federal Reserve to continue raising the Federal Funds Rate.
Electronic gaming stocks(TTWO, EA, ATVI) seem a good investment, since millenials are deeply involved in playing electronic games on PCs, Tablets, Mobile Phones etc. Google, despite its huge market capitalization, seems not to be overvalued. Its market is simply growing very strongly and the company goes on earning high rates of return. Facebook has a huge profit margin. Microsoft and Apple seem fully valued, though. But it all depends on the IPhone and cloud services for those two technology behemoths.
Large cap banks and oil companies are the value plays of the moment. If the global economy does not take off actively soon, I do not see too much upside for large cap banks. Oil seems stuck in a range for the moment, but a bounce to 70 USD is possible in the midterm. So large cap banks and energy companies should continue to be value plays.
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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!
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