Friday Night's Show Highlights:
Definitely wait to see if opportunities present, then maybe do some buying!
Friday, July 29, 2016
Note: There was no 8/19 show as there was only Olympic coverage instead. We look forward to providing you with the Friday recap on 8/26. Thank you.
Jim: You thought we were done with earnings. You thought, with this big week now behind us, we can finally sit back and relax and do some thinking. Forget about it!
Sure, next week starts quiet enough. We've got Vulcan Materials kicking things off on Monday. I think this maker of aggregates, also known as stone, is going to tell a pretty darn good story. You see Vulcan does well when there's construction in the country, and when there are highway bills being passed. Right now, we've got both. I'm looking for a positive story that can reverberate to Caterpillar, which is a red hot stock now, precisely because construction is booming.
I know that many of you at home are hungry for yield, which is why I frequently get calls about Frontier Communications. That's a plain old telephone company with more than an 8% dividend yield that reports on Monday after the close. You know that I don't like to reach for income, though. And I think if you own Frontier stock, you are definitely reaching. Too much risk for this guy. I prefer Verizon. Less risk, more growth with Verizon. Tuesday is big. We get results from Procter & Gamble, Cummins, Pfizer and CVS, all in the morning before the bell, and that's a lot to keep track of. I think the best of the lot will be Pfizer, which has a solid dividend, decent growth and a nice pipeline...