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Hotline Sample Report

This report is a sample for information purposes only. These recommendations are closed.
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3/7/2024 10:10:13 AM Eastern Time

By Charles Payne, CEO & Principal Analyst

 Click here to download PDF version

Does this look like a snapshot (below) of a stock market that’s losing steam?

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Yesterday, large-cap stocks fared well, but midcaps fared better as the stealth rally continued.

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It’s not the same as The Beatles breakup, but the ‘Mag Seven’ continues to splinter as Nvidia (NVDA) and Meta (META) keep chugging along while the rest struggle.

S&P 500 Map

There were lots of nuggets in the Fed’s Beige Book, especially from community perspectives:

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New York

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Mentions of the recession continue to ease, although they are still higher than one would imagine, considering the aggressive action taken by Powell & Co.

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Just as we learned Commercial Real Estate (CRE) jumped and Jay Powell was saying small banks were “fine,” the shares of New York Community Bank (NYCB) went haywire.


The shares of NYCB were down close to 50%, but then word of a $1.1 billion package, led by former Treasury Secretary Steve Mnuchin, turned the stock around.

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Even when NYCB looked like it would bite the bullet, the market held up well, even Financials (XLF).

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Portfolio Approach

We closed a position in Technology (APP) and are adding a new position this morning in Consumer Discretionary (DDS) in the Hotline Model Portfolio.

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Today’s Session

Economic data came mostly as expected this morning, but continuing jobless claims are approaching a key milestone of 2,000,000.

FRED Graph

Individual investor confidence over 50% typically scares Wall Street, but the experts ae too busy catching up to notice.  Muscular arm outline





Long Idea: Dillard's, Inc. (DDS) @ $406.68
Industry: Consumer Discretionary; Specialty Retail
Click here to view the trading alerts that followed this recommendation

Trading Parameters
Status Closed
Entry Price$406.68
Entry Limitsee comments
Stop LossN/A

BACKGROUND: Dillard's, Inc. operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. The company also engages in the general contracting construction activities. Dillard's, Inc. was founded in 1938 and is based in Little Rock, Arkansas.

SKINNY: DDS continues to run laps around its department store peers. The retailer reported a respectable holiday quarter with margins holding up relatively well due to inventory adjustments. Our target is $476.

Key Fundamentals
PEG  0
Book Value  104.76
Institutional Holdings  74.73
Price/Sales  0.96
Average Daily Volume  99.5K
Shares Outstanding  12.24M
Market Value  6.41B
Insider Activity  Buys 98 Sales 2
52-week High  447.35
52-week Low  272.58
Annual Earnings Estimate  31.04

Analyst Coverage
 Telsey Advisory Group Reiterated  Market Perform

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