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Investing With IBD
Ep. 254 3 Factors That Will Determine If This Supercharged Uptrend Has More Room To Run
Feb 1, 2024
Explore the upsides of market seasonality, presidential election years, and the January Barometer with Jeffrey Hirsch, editor of the Stock Trader's Almanac. Delve into factors influencing market performance, the changing role of the Federal Reserve, concerns about small cap behavior, and potential investments in the energy sector. Learn about the technical setup of the oil and gas market and its relation to geopolitical factors.
50:45
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Quick takeaways
- The upcoming presidential election, market seasonality, and a positive January Barometer can potentially contribute to a supercharged uptrend in the stock market.
- Watching the energy index (XLE) and stocks like Virco Manufacturing (VIRC) and Super Micro Computer (SMCI) can provide insights into potential market opportunities and trends.
Deep dives
The IRC: A Seasonal Winner
The manufacturing company, IRC, has seen significant success due to its seasonal setup and strong earnings growth. The company manufactures movable furniture and equipment for schools and hospitality. With low debt, good valuations, and outperforming earnings reports, IRC has become a top pick. Since its recommendation, the stock has seen remarkable gains of over 500%, making it a standout in the market.
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Discover
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