Magnet Investing Insights

Timeless Wisdom/Timely Ideas

Monday, August 26, 2024

From the desk of:

Jordan Kimmel | Founder

MagnetInvesting Insights

www.magnetinvestinginsights.com

“No wise pilot, no matter how great his talent and experience, fails to use a checklist.” Charlie Munger

Market Commentary:

The Bull market gained strength, shake out completed, bears bewildered.

• The bull market reasserted itself in a big, broad, and powerful V shaped rally.

• The number of 52- week low count is almost non-existent, signaling the bull market has more room to run. The Advance/decline looks great on NYSE.

• The reason to raise cash in over-bought markets is to re-enter during oversold markets. Our notes should have had you prepared, and we hope you were ready.

• New market leaders are the first to move when the environment turns bullish. Dozens of new names are introducing themselves. They are my favorites.

• Both Magnet and FACTS commentary, and our current “best ideas” are included in the ProInvestor Insights August issue. Complementary to veterans, military, and students. https://proinvestorinsights.co/

Economic data and market clues:

Nvidia is expected to wrap up the earnings season with another great quarter.

The Fed’s path has been cleared up. Chairman Powell was clear- rates will be lowered, probably by 50-75 basis points by year end.

Selected current holdings:

Magnet®: A lot of new breakouts

Generac Holdings GNRC

Brookfield Infrastructure BIPC

Green Brick Partners GRBK

FACTS:

Allstate ALL

Cintas CTAS

Blackrock BLK

For more information, contact us.

Disclaimer

Jordan Kimmel is the Managing Member and Portfolio Manager for The Magnet Fund. Securities discussed may be held in portfolios managed by The Magnet Fund. Members of the staff of Jordan Kimmel’s Magnet Fund may hold positions in some or all the stocks listed and discussed in this publication. Reference to these securities should not be deemed as an understanding of any future position, buying or selling, that may be taken by Magnet. All investments are subject to a risk of loss. Investors should seek their own investment advice and conduct their own investigation into the suitability of investing in any of the companies mentioned. Readers using this information are solely responsible for their own actions and invest at their own risk. MAGNET is a registered trademark.

2024 MagnetInvesting Insights