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Morning Commentary

Merry Christmas

By Charles Payne, CEO & Principal Analyst
12/24/2019 9:12 AM

While the market appears to be on autopilot, there continues to be dual action that is part chasing winners (window dressing) and part seeking value (getting in front of street), which saw technology names higher, but the energy sector was the biggest winner.  We’ve seen energy have great sessions, only to ease back in subsequent sessions.

I continue to be intrigued with energy, and while I’m sitting on big losers in the sector, there are other names that I must drill down (no pun intended) on as potential new ideas. 

Meanwhile, looks like value-seekers are giving up the ghost on some of the deeply beaten down brick and mortar retailers.  There will be a few survivors from the bunch, but it’s too early to know which.  We are looking into that as well, because the consumer will remain strong into 2020 and one divertive will be the surprise survival and big pop in names currently being written off (think Best Buy (BBY) a few years ago).

S&P 500 Index

+0.09%

 

Communication Services (XLC)

 

-0.26%

Consumer Discretionary (XLY)

 

-0.23%

Consumer Staples (XLP)

 

-0.43%

Energy (XLE)

+1.03%

 

Financials (XLF)

 

-0.23%

Health Care (XLV)

+0.40%

 

Industrials (XLI)

+0.82%

 

Materials (XLB)

+0.28%

 

Real Estate (XLRE)

 

-0.60%

Technology (XLK)

+0.29%

 

Utilities (XLU)

 

-0.93%

 

Its half a day of trading (no Afternoon Note), and then it’s off to Christmas Eve dinners and Christmas Day.

My Wish for You

In my home office, I have two pictures, unframed, that lay strategically on my desk so that I see them immediately.  My mom and dad passed a few years ago, and each day I think about them.  Many days, I think about calling my mom. Then, I remember.  But I know they are with me, and the things I wanted to talk about are the culmination of things I was taught on how to live.

I hope they are proud.

I think they are proud.

Its because of them, and my own children and grandchildren, I will continue to work harder than anyone.   I believe if we all go through life focused on honoring those that came before us, and whose shoulders we stand, things will be fine.  Its more important than any kind of tribal success or pressures that seem to dominate our culture. 

I wish for everyone to have a great Christmas and receive the true blessings of the season. 


Comments
Merry Christmas

Jeff Owen on 12/24/2019 9:28:54 AM
Thank you for all you do Charles! May 2020 bless you!

Stephan on 12/24/2019 9:30:25 AM
Merry Christmas!!

Norm Ottley on 12/24/2019 9:38:51 AM
Your comments are well taken. Many of us our driven not by greed but the expectations of those before us and protecting the future of those coming after. Merry Christmas and Happy Holidays.

Harry Williams on 12/24/2019 10:16:47 AM
Charles, I really appreciate how important family is to you. I admire your hard work. Have a very
Merry Christmas and a prosperous New Year!

Ken Sherr on 12/24/2019 10:20:33 AM
Merry Christmas to you and your family!!! I have gained a great deal of insight and knowledge from watching you over the last few years.

Doug Taylor on 12/24/2019 10:37:57 AM
Merry Christmas Charles to you and your Family. You'll have a blessed day. Wishing you and your family a great up coming year.

Jack Lukse on 12/24/2019 10:43:21 AM
Merry Christmas to Mr Payne, his family, staff and readers!

With this zero stock trade commission environment and E-Trade up over 24% since we took a position in it; wouldn’t it make sense to NOT push our luck and take profits? How can you pay a dividend and staff salaries with your major source of income out the window??

George Farkas on 12/24/2019 10:52:23 AM
Thank you for those nice words Charles, so much of what dominates our lives doesn't, in the end, amount to anything. As long as we are comfortable and are able to assist others around us, life is good. Praise God and Merry Christmas to you and your family.

Andy Mcleod on 12/24/2019 10:58:46 AM
Merry Christmas Charles! Bless you and your family. Thank you for all you do. Enjoy watching or listening to you daily. Tiffany

Tiffany Clark on 12/24/2019 11:47:25 AM
Your a good man,


JAMES F CATERBONE on 12/24/2019 11:50:45 AM
Merry Christmas and happy new year to you and your family. Keep up the good work you do for all of us in your group. You are right life is like a relay race each on must receive from those before and then pass on those behind all truths and beliefs that hold us together as individuals, family and a nation.

James cuff on 12/24/2019 12:25:08 PM
I'm sharing Charles's heartfelt thoughts with all my friends and family. When all is said and done, only the True meaning of this season will make this world a Better and more Peaceful Place.

john oneil on 12/24/2019 12:55:29 PM
Thank you for your words of wisdom.
Yes, I owe my good life to the love & training given me by my family & friends. Thank you for what you do so well. Merry Christmas to you and yours.
Maria L. Bennett 12/24/19

Maria-Litka Bennett on 12/24/2019 1:17:37 PM
From watching you on television, to reading your book to joining your service, my sincere admiration for you and these actions have made me very grateful again this year.

Randal Markiewicz on 12/24/2019 2:08:19 PM
Merry Christmas! You are an inspiration and I thank you for all the work you do; not the fiscally sound suggestions (which are appreciated), but the example and ideas you present on how one should live their life.

Jon on 12/24/2019 2:51:27 PM
Merry Christmas!

Carlos on 12/24/2019 4:31:17 PM
Merry Christmas! Happy Prosperous, Peaceful and Joyous New Year!

Patricia Flynn on 12/24/2019 4:40:00 PM
Great to know you Mr. Payne! Still looking to someday rejoin you and Cecil, in the boardroom. All the best to you and your family. Thanks for being a leader we all can love and respect.

Kevin O. Grier on 12/24/2019 5:55:25 PM
MERRY CHRISTMAS TO YOU AND YOUR FAMILY. I HAVE DONE WELL BY LISTENING TO YOU AND YOUR POSTIVE OUTLOOK ON THE MARKET. I HAVE ALSO LISTENED TO MY INNER VOICE; SUCH AS NO RECESSION COMING AND NEVER PANICKING. SINCE EARLY 2017 I AM UP 45%. BECAUSE OF OUR AGE I HAVE HAD TO PULL OUT MONEY EACH YEAR AND EVEN EXTRA. I AM UP 30% THIS YEAR ALONE. SO THANKS AGAIN FOR YOUR VERY SAGE ADVICE. IT IS A GOOD TIME TO BE FULLY IN THE MARKET. BEFORE THE MONEY WAS IN AN ANNUITY AND CASH IN AN IRA. I DO ALL MY OWN TRADING. I NEVER TAKES MY EYES OFF THE MARKET.

sally baumann on 12/25/2019 4:28:18 PM
 

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