Current Issue - December 2014

Even though it is late in the business cycle, there are, as always, timely investment opportunities available, if a lot less of them than at the beginning of a cyclical economic recovery. For instance, energy stocks have lagged YTD. The worst performing sector in the S&P 500 so far this year is energy. Oil prices have sold off sharply in recent months. But while the market is fleeing anything related to oil, I am finding opportunity in the big integrated oil companies.

This month, I'm recommending you purchase a fund whose largest holdings are all big integrated oil companies with large refinery operations that are profiting handsomely from the lower input costs. Also this month, I am dropping five stocks from my Monster Master List. My longtime readers know that I am a reluctant seller of stocks. Rarely do I sell a company whose business I like, and many have been on my Monster Master List for years, decades even. But an aggressive reach for yield by many investors has pushed these stocks to levels that put them in the realm of the speculative. The yields on three of the stocks I am dropping are all under 3%, and the yield on one of the stocks is at its lowest level in over 15 years. I'll tell you where should you invest the proceeds of any sales, starting with this month's Top 10 Common Stock Countdown and a telecom yielding north of 5%. More >>

Economic Analysis - December 2014

Each month, I provide you with an Economic Analysis supplement to the issue. This supplement provides you with a bird's eye view of the indicators that I monitor on a regular basis. The incisive, story-telling charts included in this supplement are updated every month and range from "The Leaders" to "World Currency Reserves/World Gold Reserves." There will always be great new material as well as timely reference dates, and my comments spell out the meaning of each chart for you. Download in pdf format.

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