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April 12, 2024
April Report
Dear Valued Subscriber,
The April Report of the AlphaProfit Sector Investors’ Newsletter™ is now available in the Subscriber Login section of alphaprofit.com. View April Report
Here are some of the items discussed in the Report:
Affiliated Managers Group, DTE Energy, Tyson Foods, Universal Health Services, and W.R. Berkley make the Stock Searchlight cut. Page 3 shows the recommended entry & exit prices for these stocks and the status of stocks recommended last month.
AlphaProfit recommended FedEx Corp. (FDX) on December 12, 2023. This recommendation filled on January 17, and exited on March 22, netting 18.9%.
The details of the above recommendation, including trade dates and prices, are in Results from previous Stock Searchlight selections.
See:
Results from previous Stock Searchlight selections
Stocks held or waiting to be bought
Inflation is proving sticky. The annual increases in the consumer and producer price indexes are clocking well above the Federal Reserve’s 2.0% long-term inflation goal. Stock prices have come under pressure as market participants have delayed expectations for the first interest rate cut and pushed up the 10-year Treasury note’s yield above 4.5% in response to the inflation data. The next update on inflation is not due until April 26. Meanwhile, the first quarter earnings reporting season kicks off today. Stocks can fare better if first-quarter earnings exceed investors’ expectations, while inflation worries may keep the gains in check. The April Report starts with the ‘Market Review & Outlook’ section.
Chemical company stocks led the S&P 500 in March. Investors grew more confident that customer inventory destocking is nearing its end. The shares also benefited from broad strength in the materials sector and signs of accelerating U.S. economic growth. We believe it is too early to call the bottom in chemical stocks. Comments on chemicals start on page 5.
Retailers face headwinds as higher credit card debt, inflation, and lower government benefits squeeze consumers’ wallets. Larger retailers are leveraging artificial intelligence and data analytics to reduce costs, boost productivity, and enhance the customer experience. These advancements are likely to put smaller retailers at a disadvantage. Comments on retailing are on page 8.
We welcome your comments.
Best regards,
Sam Subramanian PhD, MBA
AlphaProfit Investments, LLC
Ideas. Insights. Results.
https://www.alphaprofit.com
