We were waiting to hear from the Fed and Powell this week about the plans for the economy. While we expected 6 rate cuts this year, we are down to 3. Powell announced that rates are unchanged for now and the market rallied. The idea of "stronger for longer" was being thrown around which is a change from "higher for longer". The economy is showing stronger than anticipated; stocks, real estate, GDP continue to grow, while unemployment remains below 4%.
Stock buybacks are a strong indicator that the company is in a position of strength. With enough free cash flow to cover cap ex, dividends and repaying debt the company can use excess cash to repurchase shares.
WEEK 1 SELL $PLUG, $HNST, $SHOP. BUY $DVN, $MPW, $NEE, WEEK 2 $NVDA, WEEK 3 $HASI, WEEK 4 $CRSP, WEEK 5 $TSM, WEEK 6 $MSFT, WEEK 7 $XOM, WEEK 8 $BMY, WEEK 9 $O, WEEK 10 $KO, WEEK 11 $SOUN, WEEK 12 $IRM and $AAPL WEEK 13 $AMD
WEEK 13 Investing challenge poll choices
1. UNH United Health 2. FDX Fedex 3. CVX Chevron 4. NKE Nike 5. ADBE Adobe
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***Not investing advice, simply what I am looking to do in my own portfolio while understanding my risks, timeline, age, income, debt and other factors!!*** As always, thank you for continuing to support the page and podcast, by liking, subscribing and sharing!
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