We just finished a barn-burner November for our stocks – up nearly 10% on average – and the market as a whole. In fact, it was the third-strongest November since 1990.
And December is starting with another move higher, even as Federal Reserve Chair Jerome Powell said more interest-rate increases could come, and that any speculation about cutting rates was premature.
He has to say that, but the time is coming when he will loosen up his language. And when he does, record levels of cash on the sidelines should come flooding into stocks.
That will be great news for us, as our stocks with strong fundamentals and technicals combined with Big Money inflows should lead the charge higher.
And despite today's words from Powell, I think we'll start seeing rate cuts as early as the first quarter of next year. I tell you why in the new video issue now posted to the website.
That makes it a great time to add a stock, which we did yesterday with Check Point Software Technologies (CHKP). CHKP is a leader in information technology security. Basically, they help keep hackers and unauthorized users out of our digital stuff. (Read the Trade Alert here.)
Our increasing reliance on cloud-based technology – especially involving personal and corporate data – makes this security an ever-growing need.
In the video issue, I'll provide more details on this IT security leader, go over the Quantum Score and all the important factors that go into it (the fundamentals, technicals, and Big Money inflows), and tell you exactly why this stock is a good opportunity for us.
CHKP also fits nicely into a major theme I'm seeing: Technology is leading this market rally higher.
Here's a hint: I anticipate another nice lift here in December, which we can use to build on our gains while also rotating out of laggards and redeploying that cash in higher-rated stocks with bigger potential.
Enjoy the video issue. Have a great weekend. And be ready to keep adding great stocks.
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