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Special Report: Chasing Performance

By Charles Payne, CEO and Principal Analyst

Stop Fretting About the Top! 

In this special report Charles writes about anxiety associated with chasing performance. This report includes 3 free investment ideas. 

Click here to download your copy

After the close on Wednesday, the trend continued as Williams-Sonoma (WSM) blew away consensus. Aspirational spending is real, and that stock is up more than 8%.

Okay, so you are still worried about the market because the best stocks are already changing hands at 52-week highs - or in some cases, all-time highs.

Yesterday, I had a woman make this point as she fretted about never owning Boeing (BA).

Investing is about looking into the future and measuring and managing risk against potential. 

Face it. Investors could have avoided buying Boeing because the shares were changing hands at an all-time high on so many occasions, including:

  • Jan 28, 1980: $6.65
  • Jun 23, 1986: $13.77
  • Jul 10, 1990: $30.60
  • Jul 28, 1997: $58.50
  • Dec 4, 2000: $70.00
  • Sep 24, 2007: $105.00
  • Feb 23, 2015: $150.00

Yesterday, Boeing closed at $359 a share, and I think the stock is cheap.

Returning to the Top

If you follow the market very closely there have been investing themes and stocks (think most recently about 3D printing) that fell short of early hype sending stocks cratering as interest moved on.  Without the harsh glare of the spotlight and fast money that comes with hype, these themes begin to work.

Click here to continue reading and get the three ideas. 

Charles Payne
Wall Street Strategies


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