The Global Macro Digest® Weekly Newsletter: For February 24, 2017

Stock Valuations Are Very High:

Stock Valuations Are Very High


S&P 500 P/E is 26.57. Late in the business cycle. Rising interest rates.

DJIA has risen 11 days in a row.

January Inflation: CPI: 2.49%; PPI: 3.5%. It is beginning to affect bonds.

Technical Indicators: Neutral.

Energy Stocks: We are getting conflicting information from market reports. See The Global Macro Digest® website for relevant articles.

Featured stocks:

Platform Specialty Products (PAH)

POS:      Revenues are expected to grow 49%.

There is discussion about splitting the company up and then selling one part.

NEG: Earnings are negative at the present time.

Skyworks Solutions, Inc. (SWKS)

POS:                      SWKS is a major supplier to Apple. The Apple iPhone has been very successful. It has been anticipated that Apple will announce the next version, the iPhone 8, in September. This will give a major boost to SWKS.

NEG:      SWKS is heavily dependent on Apple, although they have been taking some steps to diversify away from Apple.

Tesaro, Inc. (TSRO)

POS:                      This is a biotechnology company that is rumored to have developed a leading drug for treatment of “cancer therapeutics and oncology supportive care products.” It is rumored that they might be a very attractive takeover target.

NEG:      Presently operating at a loss.

None of these companies is Microsoft. They may be attractive because there has been positive news recently. Or they may be attractive because the companies have not been performing well but there is some reason to think that their fortunes are changing. But don’t take my word for it. This is not a recommendation to BUY. Do your own due diligence. And by all means, manage the risk. Use stop losses to protect your positions.

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Disclaimer: Investment positions that are discussed in The Global Macro Digest® are presented merely to illustrate themes that have been discussed in The Global Macro Digest® website or in the GMD videos, newsletters and bulletins. The Global Macro Digest® was created to meet the growing demand for expert, reliable, objective information about investment alternatives. The Global Macro Digest® is not a financial advisor, nor is it a financial manager. Further, The Global Macro Digest® does not accept any responsibility for gains for losses an individual may experience. The material presented is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

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