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James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


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Morning Briefing

Tuesday, January 14, 2014 8:07 AM EST

Morning Matters:

Are We Freaking Out Yet? Ah, No! Locking In Gains On BEAM
by Geoff Garbacz

My four year old loves to say, "I'm freaking out!". He then dances around and laughs. Investors who may be freaking out with yesterday are not laughing but they should not be crying. Part of the reason you should be a subscriber to our newsletter is not just for the stock picks but OUR PROCESS. Here is lesson one on the process. Last Tuesday we posted the potential retracement levels for the S&P 500. We do this when markets start to get extended. So we gave you notice that potential weakness was ahead. House Keeping Item: Yesterday Beam (BEAM) which is in our Morning Matter's Portfolio received a bid from Suntory Holding for $83.50 a share. The stock closed at $83.42. We will lock in our gain. We recommended the stock on 11/26/13 at $67.40 so our gain is $16.02 or 23.77%. The portfolio goes to 16% cash. Watch for a new recommendation thanks to this pullback More...

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Today's Superstock Investor Stock Scorecard:

BANK OF AMERICA CORP (BAC)
by Superstock Investor

Bank of America (BAC) will report earnings tomorrow morning before the open. Estimates are $0.27 versus $0.03. The stock is fully but not perfectly priced. The stocck is at its price target but not its upper bound. So how would we play this? If we owned the shares, then we would hold. We would not buy here. More...

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Articles That Matter:

Dear Virginia, There is No Stock Bubble
by Geoff Garbacz

This morning Richard Bernstein formely of Merrill Lynch and currently the CEO of Richard Bernstein Advisors declares there is no stock market bubble. The article is worth the read. Too many are getting an Eeyore view of the market because the rally has not extended into the new year. From a fundamental viewpoint Bernstein argues that is a mistake and we agree. Remember there is no Market Matters each Tuesday morning. The column will return tomorrow. More...

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