Cover story: Time for the bull market that started in 2009 to come to an end by 2020. Factors include recent tax cuts (a stimulus that should last another year or so) and the Fed continuing to raise interest rates while reducing its $4T balance sheet. BMO chief investment strategist Brian Belski suggests traders focus on high quality stocks. (Picks: BLK, BIIB, COST, UTX) Goldman Sachs' chief U.S. equity strategist David Kostin recommends stocks with strong balance sheets. (picks: FB, ISRG, MNST, VZ)
Features: Positive on Sirius XM Holdings despite greater competition from the likes of Spotify and Apple. Liberty Media owns a controlling stake in Sirius and Barron's suggests investors can "ride the value" of that stake through a tracking stock. The tracking stock comes in three classes: Liberty Media Corp Series A (LSXMA), Series B SiriusXM (LSXMB) and Series C SiriusXM (LSXMK)
Feature 2: Non-financial companies debt is at a record 74% of GDP: Low Credit risk company picks: MA, EA, GGG, EQC, VZ Feature 3: The economy is running out of workers with continued economic growth in the United States. The author suggests "second-chancers," the population that was recently released from prison, could fill the void and extend economic expansion.
- Highlights: Trump and trade, going after Harley Davidson, immigration gridlock, Supreme Court's travel ban, GE exiting the Dow industrials, and Amazon's acquisition of PillPack
Tech Trader: Apple (AAPL), Qualcomm (QCOM), IBM (IBM) fell on Monday following news that the Trump would plan to target China's involvement in US tech. The Nasdaq ended up with its worst week since March finishing -2.4%; tech received some judicial relief when the high court ruled in favor of American express (AXP) giving it right to stop its partner merchants from offering discounts to consumers using cards from Visa (V) and MasterCard (MA).
Profile: Lisa Hess and Dan Sobol, the managing partners of SkyTop Capital Management talk about potential winners connected to the electric car and autonomous vehicles industry. (picks: AAG.DE, VC, CSTM, S.CA)
Interview: investors Kenneth Broad and Christopher Bonavico of Jackson Square SMID-Cap fund. The fund holds 30 stocks that remain in their portfolio for a long time with a third held for more than a decade. (picks: DNKN, LOGI, JCOM, RDFN, NYT) - Bernstein media analyst Todd Juenger recently conducted a 1,000-person survey to find out why Netflix (NFLX) has only 57M paying users. Survey results show Netflix has 141M users and 68% of whom pay for the service. Juenger also predicts the company will be at 87M subscriptions in 2030.
Trader: Expects durgstore names to recover after Amazon's announcement into prescription drug market. Sees Harley Davidson shares falling lower after 9% loss last week after announcing move of some production overseas and Trump's lashing out.
European Trader: Norway low level of political risk has helped stocks outperform other equities; the country's economic growth looks solid. Analysts see 2% GDP expansion both in 2018 and 2019.
Emerging Markets: Following Trukey's re-election of Erdogan the country's currency, the lira, is at its lowest value since 2012; real domestic interest rates are at 7% with yields at similar levels. Remains cautious on Turkey's future given re-election of Erdogan.
Commodities: Commodities' returns have not done as well as expected in H1 of 2018; trade news has dominated commodities which means the outlook is very uncertain.Follow Up: Remains cautious on GE sees credit rating in risk of being cut.