Top managers continue to exercise a lot of patience as they look for buying opportunities in a U.S. equity market that has risen close to 40% since the start of 2013.
UPDATE: S&P 500, Nasdaq retest major support -4-
UPDATE: S&P 500, Nasdaq retest major support -8-
UPDATE: U.S. markets' technical backdrop strengthens
Joy Global JOYG reported third-quarter results that leave us comfortable with our annual forecasts, so we're keeping our $35 fair value estimate. Year-to-date revenue growth is 26%, which is a little slower than our 30% revenue-growth projection for the full year. However, management expects a ...
Slowing global industrial activity presents compelling long-term investment opportunities among a handful of companies.
Recent U.S. economic data bodes well for industrial companies' near-term fortunes.
The information contained in this missive represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. Some of the securities identified and described in this missive are a sample of issuers being ...