Subscriber,
This morning’s Wall Street Journal provides a graphical representation of the Great Rotation I’ve been writing about for some time; by which I mean the broadening of stock market gains from the so-called Magnificent 7 stocks to non-huge non-tech stocks. Behold:
Considering that all of the Mag 7 ex-NVDA are wildly overpriced, quantitatively speaking, this broadening is a good thing. What’s not good is that the entire market is overpriced, just not as much as its most valuable components. Indeed, I haven’t been finding any bargains among the daily list of US-listed stocks trading at 52-week lows and zombies keep springing back to “life.” Which is why the intelligent investor must broaden his or her foraging grounds, though trepidatiously of course…
To that end, a reminder that our audit of investables ends tomorrow. Sometime after that, I’ll publish an updated and ranked index of investables with yield, dividend and, most importantly, intrinsic value. By Sunday, we’ll have the next iteration of our portfolio, which has historically trounced the S&P 500. But you’ll need a paid subcription for all of that stuff, hint, hint…
Finally, there’s still room in this year’s only valuation class. Details below.
Be careful out there!
James
Further reading:
Yes, you can still register for the Zoom valuation class, which will be the only one of 2025. In order to do so, please send $175 via:
PayPal: savannahcorp@yahoo.com
Zelle: 310.266.9692
Once payment is received, you’ll be contacted with time options or refunded (within several days max). The class itself is 100% refundable, no questions asked. As with our index, value must be greater than price.