☕ Two world-class companies to own for the next 5-10 years

Good morning! 👋 

The headlines are making sure you know that the indices are beginning this holiday shortened week on a soft note. 🤦‍♂️ 

Really?!?! 

The S&P 500 has returned 23.92% YTD while the Dow and the Nasdaq have chalked up 12.68% and 26.44% respectively over the same time period. 

Stocks we talk about regularly have done considerably better including Palantir (+357.13%), Nvidia (+175.11%) and Tesla (+71.39%) just to name a few at random. 

That’s neither here nor there. 

The point I want to make is that the “Santa Claus rally” news outlets seem to be looking for began last Fall and all too predictably many investors missed it. Present company excluded, of course. 

What’s next? 

As I noted to the fabulous Ashley Webster this morning, “I have no idea.” 

What I do know though is that the 2nd half of December is typically the 2nd strongest period of the year for US stocks and that the S&P 500 has been up 83% of the time during presidential election years. 

In other words, Santa could still fire up the sleigh and rally into January but whether he will or not is another matter. 

The next few days will be almost entirely about the computers and technicals.  

Not fundamentals. 

As usual, that’s an opening and an opportunity if you’re smart about it. 

In fact, I wouldn’t be surprised to see some green on your screen by the time you read this with both the S&P and the Snazzy Nazzy turning around. The Dow probably stays in the dumper, unfortunately. 

Much of Wall Street is still offsides and the clock is running out of time to right that wrong come December 31st when statements are printed. So, I won’t be at all surprised to see a sharp move or two and encourage you not to be either. 

The thing to do now is focus on great companies that will be there when you need ‘em. 

Like the two I mentioned this morning ahead of the opening bell during a conversation with the fabulous Ashley Webster. One is an absolute dividend machine while the other couldn’t be more necessary. I believe owning ‘em for the next 5-10 years would be a really smart and – dare I say it – potentially very profitable move. (Watch) 

Now and with your permission, I’ve got a few last-minute items to take care of for Christmas so let’s leave it here for now.   

I’ll also be working for the balance of the week on the January 2025 Outlook which will debut on January 10th when we publish the next issue of One Bar Ahead®. 

Not to spill the beans, but I believe we could have another record year ahead (and that’s sayin’ something considering all we’ve achieved this year) – hooyah! 

Bottom Line 

You attract the energy you give off.  

Invest in optimism and attract profits.  

Good vibes and positivity are contagious. 

As always, let’s MAKE it a great day. 

Merry Christmas, Happy Hanukkah, Kwanzaa Cheers and Eid Mubarak! 

Keith 😀 

PS: I will be making a few TV appearances for the balance of the week but other than that, taking some time off to be with my family as will the entire OBA team with theirs. That said, I will be watching the markets closely and plan on being in touch or posting occasionally if there’s something that merits your attention. Remember, buy the best and ignore the rest – you got this!