Weekly Update: November 20, 2009

Weak Housing Data Remains the Fly in the Ointment for Bulls

A key technical resistance level for the S&P 500 was taken out this week when the index closed above 1,100 for a three-day period, which spurred Wall Street into rally mode -- at least until yesterday's dismal housing data. However, I expect that sector to remain in the doghouse for some time, and if you focus on that alone, you'll miss all the other positive global economic news.

So in today's issue of Cash Machine, I'll discuss some domestic economic data that is looking up and favorably affecting our Cash Machine portfolio. Additionally, we've seen quite a bit of favorable news from our recommendations, and several of our holdings represent excellent entry points -- so I have a fresh Top Buy list this week that's brimming with opportunity. Read

G20 Call for Continued Stimulus Fuels Market Rebound

Weekly Update: November 13, 2009

And the rally continues! This week, the G20 nations' decision for further fiscal stimulus and an easy monetary policy took the dollar to new yearly lows, which in turn sent the Dow Jones Industrial Average to new yearly highs with the biggest and most liquid stocks pulling institutional cash from the sidelines. Fund managers are still scrambling to get invested, and I think all of this window dressing may just give us that Santa Claus rally.

So in today's issue of Cash Machine, I'll take a look at some of the macroeconomic data driving the markets higher (as well as the dollar lower) as well as discuss my yearend market expectations. And given the market's recent run higher, I think it's time to take some of our gains off the table -- so I have two sell recommendations for two funds that are trading at a significant premium to NAV. Read

The Market Giveth … The Market Taketh Away to Close Out October

Weekly Update: October 30, 2009

Third-quarter earnings continue to come in strong -- with a string of upbeat earnings reports from leading companies, including our own Cash Machine holdings. However, as you've seen, a number of macro-economic reports have been overshadowing earnings, creating a mixed environment for the major indices.

So in today's Cash Machine update, I'll discuss why the market has essentially hit 'pause' at Dow 10,000 -- and what to expect looking forward. We'll go over the numbers and examine how they're affecting both Wall Street and Main Street. I'll also take a look at some of our Cash Machine recommendations reporting earnings -- and I have to tell you, even despite the struggling economy, the landscape is still positive for high-yield investors. Read

Market Pops as Big-Name Companies Post Big-Time Earnings

Weekly Update: October 23, 2009

The first round of third-quarter earnings have been a breath of fresh air to the market -- with eight out of 10 companies beating expectations. The numbers, along with improving macro-economic data domestically and in China, show that the market has plenty of upside left to continue its rally for the time being.

So in today's Cash Machine update, I'll discuss recent economic news on the domestic and global front, how that's fueling my optimism for the current state of the markets and why we're in a positive environment for high-yield investments. And I'll also take a look at some recent third-quarter earnings reports for our Cash Machine recommendations. Read

Third-Quarter Earnings Results Hoist Averages to 2009 Highs

Weekly Update: October 16, 2009

The numbers coming in from the third quarter are scoring high with investors -- and our Cash Machine portfolio. Although today's trend was downward, I expect it to only be a short-term speed bump for a continued rally through the end of the year or when the S&P 500 hits up to around 1,150 to 1,200. That's because key economic data continues to come in better than expected, and the picture both here and abroad is generally improving.

So in today's Cash Machine update, I discuss where our portfolio is standing and have some excellent news about several of our investments. I'll also go over what we can expect for the near future and look at a technical resistance level at Dow 11,000. For now, the trend is our friend. Read

A Quintessential Backdrop for High-Yield

Weekly Update: October 9, 2009

Earnings season is off to the races -- and so far, so good. This coupled with improving jobs data and the retail sector lifting expectations for the fourth quarter set a positive tone for the major averages to keep climbing for the rest of the month.

So in today's Cash Machine update, I provide an update on our portfolio and discuss how many of our holdings have moved up quite a bit -- so I want you to be careful about paying up after a big rally. There will always be opportunities for new money as the names back-and-fill. Additionally, we'll take a look at the weeks ahead and how the current investment landscape is the quintessential backdrop for our Cash Machine portfolio. Read