IRVING’s AI found plenty of action in this wild market for you to take.
Not as many as last week. (And a few of those stocks stayed on IRVING AI’s list.) But certainly more than recent weeks.
We continue to view this trend toward having more names in play as a good sign for the markets overall.
And an even better indicator for our members.
So, we’ll keep this short and get right into those trades.
Here are all the brand-new stocks we recommend you buy today:
- Plains All American Pipeline (PAA)
- Gladstone Capital (GLAD)
- Automatic Data Processing (ADP)
- Vitesse Energy (VTS)
All appear to be solid “Buys.” But the timing for one of these names is quite interesting.
We’re in the third week of a government shutdown. That means certain economic reports are not being produced.
The most crucial of these are the jobs reports from the Bureau of Labor Statistics.
So, it’s interesting that ADP showed up this week.
ADP, you likely know, is one of the private sector sources for employment information.
One of the company’s main services is to handle payroll for corporations across the country. So, it has data on how many people are getting paid and how much.
It also publishes its own job reports every month.
It makes sense that its stock could also get a boost from this increased attention. After all, the Federal Open Market Committee will soon need every scrap of info it can get ahead of its Oct. 28-29 meeting.
ADP, Plains All American, Gladstone and Vitesse aren’t the only stocks to show up on your buy list this cycle.
IRVING’s AI targeted five more of your current holdings as worth owning during the next seven trading days.
They are …
- Cardinal Health (CAH)
- Rush Enterprises (RUSHA)
- Capital Southwest (CSWC)
- Sixth Street Specialty Lending (TSLX)
- Hess Midstream (HESM)
Rush is already looking good in your portfolio. It’s up nearly 4% over just the past seven trading days … with more to go.
The rest show promise for a bounce from here.
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If you already own Cardinal, Rush, Capital Southwest, Sixth Street and Hess Midstream, we recommend buying more at current prices. That brings us to nine stocks. But since we’re adding more shares to five of them, that’s 14 positions, total. |
That is, after we exit the stocks that didn’t make IRVING AI’s list today …
That means we have a few “Sells”:
- InvenTrust Properties (IVT)
- T-Mobile (TMUS)
- Tiptree (TIPT)
- MPLX (MPLX)
- S&P Global (SPGI)
- Verizon (VZ)
- TransDigm Group (TDG)
- Coca-Cola Europacific Partners (CCEP)
- Vistra (VST)
- Ares Capital (ARCC)
- Sprouts Farmers Market (SFM)
They no longer rank as high on our list of probabilities.
Verizon dropped off for the simple reason that its Weiss Rating dropped to a “Hold” on Oct. 10:
That doesn’t mean Verizon isn’t a great stock to own for the long term. But for our strategy, we only recommend you keep “Buy”-rated stocks in your portfolio.
Finally, we have an important clarification about two positions …
On Sept. 29, we told you that we’d track a second position in Brinker Int’l and a third in Sprouts.
However, in our regular review of Dr. Weiss’ account statements, we noticed these two moves were not entered into Dr. Martin Weiss’ portfolio.
Martin’s single position in Brinker was sold seven days ago. And his double position in Sprouts will get sold today … after you have plenty of time to do so first.
If you followed our instructions to add more to EAT and SFM, we’re glad you made those moves. They turned out to improve your performance compared to Martin’s.
We regret this error and any confusion it may have caused. We’ve also implemented new protocols to prevent a mix-up like this from occurring in the future.
Now, with today’s moves, we are all on the same page again.
That’s it for this week. Get those orders in …
And mark your calendar for Oct. 23. That’s your next trading day.
Until then …
Take care,
AL Qureiyeh
