3 Stocks Dominate a Wall Street Transformed by Technology
CRM Salesforce.com Inc Stock Chart 1-22-20
In the stock market, it’s become Apple, Microsoft and Alphabet vs everyone else
A winner-take-most dynamic in multiple industries transformed by technology has also created an elite tier of anointed stocks. The acclaimed winners appear entrenched, their platforms self-reinforcing, profit margins sturdy, growth rates near-automatic.
In aggregate Apple-Microsoft-Alphabet trades at 26-times this year’s profits, with no debt and enormous capacity to invest, buy back stock or fund future dividends. The broad market is below 19-times earnings.
Legendary investor Paul Tudor Jones says market today is like early ’99, driven by ‘insane monetary policy
“We’re in such extraordinary times. We’ve never seen a fiscal monetary mix like this. So it argues for some massive blow-off at the top,” Jones said, adding that the top could be a long way off, given, for example, that the Nasdaq gained 130% between early 1999 and the market top in 2000.
Man Who Predicted Central Bank Shift Reveals Newest Prediction
Stocks have soared since hard-asset expert Bill Shaw predicted a central bank shift a year ago.
Today, Shaw has a brand-new prediction, which could have a massive impact on your wealth in 2020.
CRM Salesforce.com traded into a solid trend day after pausing for a week. The previous momentum showed extreme demand as it finally broke through strong resistance of $165.
I'm looking to initiate a new long (buy) and hold through earnings season. This trade is a long-term "position trade.
My stop loss is a close below $182.50. Real breakouts, those with legs don't come back to the breakout level. If it does the stock isn't ready and I'll take my loss.
I have $200 as my initial profit target.
A quick word about taking a loss and successful trading. -- > Always remember a good idea that loses money is only a bad trade if we blow our stop loss parameters.
Nothing wrong with losing money. It's part of trading. Keeping the losses acceptable is what makes you a winner.
Have a great day!
Pete
