How could you possibly go wrong investing in booze? Talk about a product with a following!
A lot of investors don't want to touch so-called "sin stocks," like those of companies that make alcoholic beverages. To be clear, that's OK: If you've got strong feelings about the beer, wine, and spirits businesses, there are equally great investments to be found elsewhere.
But if the business of beneficially fermented or distilled beverages doesn't push your bad-ethics button -- or if, like this humble Fool, you might enjoy a well-made cocktail now and then -- and you like companies with big moats, strong brands, great cash flows, and dividends, then I encourage you to read on. (more)
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Thursday, May 28, 2015
IG Interview: More downside to come before oil heads back to $60
Looking at the key factors moving the oil price, including Iran, shale and OPEC, and explaining why I think Brent will go back down to the mid $50s and then back to $60 next year.
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Advisor Perspectives S&P 500 Snapshot: A Recovery From Most of Yesterday's Selloff
May 27th, 2015
On a day of light economic news, the S&P 500 managed to recover most of its -1.03% post-Memorial Day selloff. The index surged at the opening bell, vacillated at the 30 minute mark and then rose at a slower but steady pace to the final hour. At its 1.05% intraday high eight minutes before the final bell, the index was fractionally above Friday's close. But some last minute selling trimmed the closing gain to 0.92%, the best performance in eight sessions and only 0.12% below Friday's close.More…
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Illinois Tool Works Inc. (NYSE: ITW)
Illinois Tool Works Inc. manufactures and sells industrial products
and equipment worldwide. It operates through seven segments: Automotive
OEM; Test & Measurement and Electronics; Food Equipment; Polymers
& Fluids; Welding; Construction Products; and Specialty Products.
The Automotive OEM segment produces components and fasteners for
automotive-related applications. The Test & Measurement and
Electronics segment provides equipment, consumables, and related
software for testing and measuring of materials and structures, as well
as equipment and consumables used in the production of electronic
subassemblies and microelectronics. The Food Equipment segment offers
commercial food equipment and related services. The Polymers &
Fluids segment produces adhesives, sealants, lubrication and cutting
fluids, janitorial and hygiene products, and fluids and polymers for
auto aftermarket maintenance and appearance. The Welding segment
produces arc welding equipment, consumables, and accessories for various
industrial and commercial applications. The Construction Products
segment produces construction fastening systems and truss products. The
Specialty Products segment provides beverage packaging equipment and
consumables, product coding and marking equipment and consumables, and
appliance components and fasteners. The company distributes its products
directly to industrial manufacturers, as well as through independent
distributors.
Take a look at the 1-year chart of Illinois (NYSE: ITW) below with the added notations:
ITW rallied in October and November, traded sideways for two months, and then rallied to new highs again. In addition, over the lat 6 months the $96 price level (blue) has become very important to the stock. Not only was $96 a key resistance in December, as well as support in March and April, but that level has also been a recent resistance in the beginning of May.
The Tale of the Tape: ITW has a key level at $96. A trader could enter a long position on a pullback down to $96 with a stop placed under the level. However, if the stock were to break back below $96, a short trade could be made instead.
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Take a look at the 1-year chart of Illinois (NYSE: ITW) below with the added notations:
ITW rallied in October and November, traded sideways for two months, and then rallied to new highs again. In addition, over the lat 6 months the $96 price level (blue) has become very important to the stock. Not only was $96 a key resistance in December, as well as support in March and April, but that level has also been a recent resistance in the beginning of May.
The Tale of the Tape: ITW has a key level at $96. A trader could enter a long position on a pullback down to $96 with a stop placed under the level. However, if the stock were to break back below $96, a short trade could be made instead.
Please share this article
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