ProInvestor Insights / MagnetInvesting Insights

Weekly Update for October 7-11

“Success…seems to be connected to action. Successful men keep moving. They make mistakes, but they don’t quit.” Conrad Hilton

Market Commentary:

The stock market is grinding higher, sitting in cash is making the bears growl.

• The Advance/decline line on the NYSE looks great, the NASDAQ is still struggling. The 52-week new-high/new-low numbers on both look even better.

• The domestic infrastructure buildout is really kicking in. There are a dozen market leaders in this area. This is a decade long trend.

• It is Fall clean up time. Sell your lagging and sagging companies. Only strong and healthy companies belong in your portfolio.

• Tremendous activity in the bio- tech sector. I would not have any shorts here. Look for a slew of merger activity. I am ready.

• If you are bearish here, you are just predisposed.

Economic data and market clues:

The Fed’s path is now certain. Lower, slower, but ready to go another 100 basis points lower over the next several months. Powell will get replaced in February.

Fed Chairman Powell is now clear. Short term rates are going lower, but not to zero like they were. Get “free money” out of your mind. That was a unique period.

Maintaining a restrictive stance right now makes no sense and the Fed now understands that.

Get ready for earnings season. There should be less of a concern now of quality companies giving poor guidance.

Selected current holdings:

Magnet®: Lots of actionable ideas right now.

ADMA Biologics ADMA

Byrn Technologies BYRN

Exelixis EXEL

FACTS:

Generac GNRC

Dycom Industries DY

Boston Scientific BSX

For more information, contact us.

Jordan Kimmel | Founder

MagnetInvesting Insights www.magnetinvestinginsights.com

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.

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