Todd Gordon likes where market is going

Released on Wednesday, March 15, 2017STOCKS

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Todd Gordon
Ascent Wealth Partners, LLC, Managing Director

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Known as one of the highest-quality banking stocks out there, JPMorgan Chase & Co. (JPM) in the financial space has succumbed to the market’s recent selling pressure. But for options traders, calls or bull call spreads could be one way to speculate on technical support holding, notes Bret Kenwell, US investment analyst at eToro.
Dick’s Sporting Goods Inc. (DKS) has been growing steadily for years. But Dick’s isn’t purely a growth stock – it’s also undervalued. DKS shares currently trade at just under 14.3x forward earnings estimates and at 1.3x sales, observes Chris Preston, chief analyst at Cabot Value Investor.
As market uncertainty continues — and the chaos escalates — I’m going to talk about a company whose stock should benefit from uncertainty and powerful long-term storylines. It’s CBOE Global Markets Inc. (CBOE), explains Bill Patalon, chief stock picker at Stock Picker’s Corner.
There’s not much nice to say about yesterday’s market action…but we are seeing equities attempt to stabilize in the early going today. Gold and silver are rallying along with crude oil, while Treasuries are flat. The dollar is continuing to slide after knifing through technical support several days ago.
The US equity markets continued to be pressured by tariff and economic growth uncertainties during the week ending March 7. Weakness was most pronounced in the mid- and small-caps, the growth index, along with the energy, materials, and information technology sectors, notes Sam Stovall, chief investment strategist at CFRA Research.
Trump’s manufactured trade war, a weak economy in China, and chaos in the White House over the federal work force have all threatened a full-scale retreat on Wall Street. There is a growing feeling that we face a recession in 2025. But big pharma company Amgen Inc. (AMGN) is bucking the trend, writes Mark Skousen, editor of Forecasts & Strategies.

Restaurant operators have been forced to juggle multiple disconnected systems—until now. SRVE POS and Restaurant Systems Pro are revolutionizing the industry by merging POS, full-service accounting, and operational management into one seamless platform, creating a game-changing investment opportunity. Same company with a dual brand because Restaurant Systems Pro can connect with other POS systems.

As the 2025 markets ebb and flow, NNN REIT, Inc. (NYSE: NNN) remains well-positioned to react to any elevated economic and capital market challenges that may arise. For 40 years, NNN has applied a multi-year view to operating the company, focusing on producing consistent per-share results. This has enabled NNN to successfully navigate all types of market conditions and provide shareholders with solid, stable progress. NNN shareholders have enjoyed 35 consecutive annual dividend increases and a 30-year average annual total return of 11.8%. Join us and learn how NNN’s steadfast, dependable dividend income could provide a bit of consistency for your portfolio.

Elbit Systems Ltd. (ESLT) develops and supplies a portfolio of airborne, land, and naval defense systems and products. Since Barchart’s Trend Seeker signaled a buy on Feb. 26, the stock has gained around 12.1%, notes Jim Van Meerten, analyst at Barchart.
If I told you I had two baskets of stocks, and that both baskets contained the same stocks, you might immediately assume that both baskets have performed the same. After all, they are the same stocks, right? But that’s not the case – as you can see by comparing the SPDR S&P 500 ETF (SPY) and the Invesco S&P 500 Equal Weight ETF (RSP), writes Jim Woods, editor of Investing Edge.
The markets just took a noticeable tumble. Nowhere was this more evident than in the frothy corners of the market: The high-flying, speculative stocks where greed overtook fundamentals and valuations. So, where’s the opportunity right now? I’m bullish on fintech stocks like BGC Group Inc. (BGC), advises Steve Reitmeister, editor of Zen Investor.
The world is not coming to an end. It is starting to reprice, though, and the excesses will be disgorged. I told you the Mag 7 was the same as the Nifty Fifty. There is nothing new under the sun. Meanwhile, I like Agco Corp. (AGCO), says Kelley Wright, editor of IQ Trends.
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