Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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3:59 PM EST

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From: Trader J	5/1/2024 9:24:56 AM
	3 Recommendations of 56532

The May sell thesis seems to be holding court and a few of my stocks are getting beatings on the back of weak or disappointing earnings and/or guides. CVS and SBUX down big premarket. SQ materially weak though I haven't seen news. PFE is up modestly and AMZN continues to be a star. It's a strange environment as the big cap tech leaders appear to be reasserting their dominance as a (the) primary place for growth. Overall, it sure appears that inflation has come home to roost in the consumer and the environment is getting more difficult. Going to have to look at these holding to determine if it's time to move on simply add on weakness. This also exemplifies why you don't want to get over your skis on your weighting for core holdings. On CVS and SBUX, dividend yield continues to be solid but there's been a rising tide of companies reducing their dividend rats, including once aristocrats. Really starting to look like a have or have not environment and quite difficult. Hard to argue the Mag 5 allure given that companies such as Google, Amazon, Microsoft, Nvidia remain the cream at the top of the market while Apple and a balky Tesla come under greater scrutiny. Meta could be back in range after a 20% decline and it held up well into yesterday's decline. Tough market and I've been raising cash. Going to be looking at my weights and seeing if adjustment is needed. Stay safe out there. J

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