Happy Monday to everyone.
And to our service members and your families, let me be the first to wish you a happy and honored Veterans Day. Thank you for your courage and your selfless commitment to protecting the freedoms we enjoy.
In front of the holiday, we have four new buys to make:
You probably know T-Mobile from its pink-themed commercials. Or you might be a customer of the U.S. wireless leader.
Here at Weiss Ratings, we know it as a stock that’s held a steady “Buy” rating for the past two years.
IRVING’s AI also chose another telecom this cycle, KT Corp. This Korea-based mobile and broadband provider just reported several positive achievements in its Nov. 7 earnings.
Those include year-over-year jumps in net income (16.2%), operating profit (16.1%), operating revenue (7.1%) and wireless revenue (4%).
Lowe’s Companies needs no introduction, especially with the holidays coming up. This home improvement chain has started tapping into social media influencers to bring more (and younger) traffic into its stores.
It’s also partnered with Nvidia and Palantir to fortify its supply chain logistics with artificial intelligence.
We’ll see how these expenditures pay off when Lowe’s announces earnings on Wednesday, Nov. 19.
That’s the day after our next scheduled trading day.
So it will be interesting to watch how the stock behaves as the big day approaches. It notched an earnings beat back in August.
Finally, there’s ESAB, which just announced earnings that handily beat Wall Street’s estimates.
This global industrial welding and automation company just raised its full-year sales estimates to $2.7 billion. That’s thanks to growth in Asia and emerging markets. It also completed its acquisition of a German competitor earlier than expected.
Buy those four stocks as soon as you can.
And hold on tight to two stocks that IRVING’s AI selected for another seven-day trading cycle:
We’re NOT going to double down on those this week.
If you’re just joining us, you can buy them today. But if you already own them, sit tight with your current positions.
Coca-Cola is up 1.6% since Halloween. And Sixth Street is down about 5%.
You should have a single position in Coca-Cola and three sets of Sixth Street shares. So we’ll let these positions ride at their current sizes.
That leaves us with seven stocks to sell today:
- Progressive (PGR)
- Antero Midstream (AM)
- Novartis (NVS)
- Ferrari (RACE)
- Aon (AON)
- Wheaton Precious Metals (WPM)
- RELX (RELX)
Since Halloween, Progressive has gained 4.4%, Antero has gained 3.3% and Novartis has gained 2.5%.
And since our previous trade date of Oct. 23, Wheaton has gained 3.2%, Ferrari has gained 2.5% and AON 1.7%.
Those are our current tracked gains. Yours may vary, depending on when you bought and sold.
As always, we’ll post the final results to your Position Tracker, and we’ll post Dr. Martin Weiss’ Statements as soon as we receive them.
You should have single positions in each, save for AON and RACE, where we doubled down last week.
The only loser in the group is RELX, which has slid 5% since Halloween. The good news is, the other gains should more than make up for its underperformance.
Your next trade date is Tuesday, Nov. 18.
Take care,
AL Qureiyeh
