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Good Tuesday Friend,
This is the latest update of what's happening in the markets...
We are certainly living through crazy historic times right now...
1) WTI crude oil prices did a kamikaze nose dive and crashed into the ocean yesterday, hitting a historic low of -$33 a barrel from $18 a barrel. The energy sector has never seen anything like this before...
2) Over 5 million Americans have filed for unemployment as the monthly total accumulated over 22 million jobless...
3) China,
the world's second-largest economy shrank 6.8% (expected -6.2%) in the
first quarter of 2020 compared to a year earlier. While a contraction
was expected, it's still a historic moment for China. The plunge is the
worst for a single quarter that China has recorded since it started
publishing those figures.
Yet the S&P500 remains in a bullish uptrend, President Trump as well as many European leaders are pushing for the economy to reopen in May 2020 but nobody really knows what is going to happen next... despite all the bad economic news ...
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What does this mean for us?
There's 2 groups of people out there...
The first group are the pessimists who look at the worsening economic data and are just waiting for the stock market to tank again and explore a lower bottom than 23 march... saying the S&P500 will go all the way down to 1800. When will that happen, nobody can predict the exact date...
The second group are the optimists who agree that the economic data is bad, but because of the Fed stimulus and the money being pumped into the system by global governments, it has put a floor to the "recession" and prevented it from going into a "depression". And we are on the way towards a slow but eventual recovery.
Well, the fact of the matter is, many solid companies and their share prices are definitely still a bargain discount right now compared to just 2 months ago.
So for the long term investor, it is still important to look at the fundamentals of the business that you wish to invest in...
This week's stock pick is "Johnson & Johnson (NYSE: JNJ)".
During a health crisis, it makes sense to look to healthcare stocks to
help protect your wealth and deliver reliable income, and it's hard to
find a better option than Johnson & Johnson.
Johnson & Johnson is what we typically call a "Dividend King" company. Johnson & Johnson is also one of only two U.S. companies ( Microsoft is the other) with a AAA credit rating, the highest available rating from Standard & Poor's -- a stamp of approval not even the U.S. government has. Johnson & Johnson just increased its dividend for the 58th consecutive year, from $0.95 to $1.01.
The company is also making investments to develop a vaccine for the novel coronavirus.
With a defensive, diversified business model, Johnson & Johnson should continue to reward
patient, long-term investors. And just look at how the share price has risen from the low of $111.14 on 23 march and recovered all it's losses back to $151.67 today. |
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And stay tuned to my weekly newsletter as I keep you updated on the latest
developments and opportunities for us to profit hugely from this global
crisis...
Also, I have started a new
TELEGRAM channel where you can receive instant updates on your phone via
the TELEGRAM APP, go sign up for it here if you have not done so
already,
(Make sure you download the APP to your phone and join my channel "DennisBayWay" on Telegram)
If
you will like to get exclusive access to my personal stock picks and
financial market trade opportunities, or know someone who might be
interested in these updates, feel free to share my "Global Investors Weekly" newsletter to them with this link,
Contact me to find out how you can get started... this window of opportunity is not going to last forever!
To Your Wealth, Freedom & Success!
Your Friend
Dennis Bay |
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