If your stocks are languishing today, that’s because investors are, ever so quietly, shifting focus away from high growth into stodgy dividend payers and traditional businesses. At the moment, the whole “social scene” isn’t quite working. Oil and gas has been hit or miss; but CHD and KMB have been on steroids.
Going into the month of May, look for more of the same, as people move away from risk into reliable names, like K, GIS and KO. Now that I have more than 50% of my assets in cash, I intend to put my money where my mouth is and begin a campaign of buying some “stodginess” on Monday. In addition, the refiners are a go, providing Brent-WTI spreads can sustain $15, which I think can easily be accomplished.
I have to run along now but that’s where my mind is for the moment. PPT members can find my watchlist titled “Immediate buy list.”
Ciao (the most annoying form of goodbye)