To be honest with you, I’m at the point in my life and career where I no longer care if I’m “right” about what the market will or won’t do. And honestly I very rarely try and predict what it will do.
I’ll settle for being right more than I’m wrong. But make no mistake, at the end of the day, my chief concern is making money.
If I do make a prediction or believe something will happen, I no longer get entrenched in that belief. I can and will change my mind as I recognize what’s unfolding in the market, as opposed to what I thought should happen.
In two recent pieces (here and here), I’ve warned that a correction could be on the horizon. My reasoning was because one of the favorite market indicators that I follow flashed warning signs.
That indicator is what’s known as the AD Line. In short, it tells us the number of advancing stocks compared to the number of declining stocks.
I like to think of this as a peek under the hood of what’s happening in the market. Here’s how I described it back in late August:
Top Heal Care Stocks For 2023: Carrier Global Corporation(CARR)
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating and cooling needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration products and services, including refrigeration and monitoring systems for trucks, trailers, shipping containers, intermodal, and rail; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential and building systems, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Chubb, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; and Carrier, Automated Logic, BluEdge, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello brands. It sells its products directly to building contractors and owners, transportation companies and retail stores, and end customers, as well as indirectly through equity method investees, independent sales representatives, distributors, wholesalers, dealers, retail outlets, manufacturers' representatives, and value-added resellers. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
Advisors’ Opinion:
- [By Alex Sirois]
In 2021 Carrier Global (NYSE:CARR), Otis Worldwide (NYSE:OTIS), and Raytheon (NYSE:RTX) were all removed from the list.
That should actually give confidence to investors because those that remain have dividend income and potential for capital appreciation. Let’s get into seven such picks right now.
Top Heal Care Stocks For 2023: Systemax Inc.(SYX)
Systemax Inc. operates as a direct marketer of brand name and private label products. The company operates in two segments, Technology Products and Industrial Products. The Technology Products segment sells computers, computer supplies, and consumer electronics in North America and Europe. This segment offers individual technology products in categories, including computers; computer parts; television and video; audio; cameras and surveillance; car and GPS; cell phones; software; video games and toys; home and office; and other products. The Industrial Products segment sells various industrial products and supplies in North America. This segment provides products in categories, such as material handling; storage and shelving; workbench and shop desks; packaging and supplying; furniture and office; foodservice and appliances; janitorial and maintenance; tools and instruments; fasteners and hardware; motors and power transmission; HVAC/R and fans; electrical and bulbs; plumb ing supplies; and safety and medical items. The company offers its products through its relationship marketers, catalog mailings, and Internet Websites. It serves individual consumers; and business customers comprising for-profit businesses, educational organizations, and government entities. Its portfolio of catalogs comprises various brand names, such as TigerDirect.com, Global Computer Supplies, TigerDirect.ca, Misco, Global Industrial, Nexel, and Inmac WStore. As of December 31, 2011, the company operated 42 retail stores in North America; and 7 distribution centers in Europe. Systemax Inc. was founded in 1949 and is headquartered in Port Washington, New York.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
Systemax Inc (NYSE:SYX)Q4 2018 Earnings Conference CallFeb. 26, 2019, 5:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Max Byerly]
Systemax (NYSE: SYX) is one of 20 publicly-traded companies in the “Catalog & mail-order houses” industry, but how does it contrast to its competitors? We will compare Systemax to related businesses based on the strength of its profitability, risk, valuation, analyst recommendations, earnings, dividends and institutional ownership.
- [By Stephan Byrd]
Systemax (NYSE: SYX) is one of 20 public companies in the “Catalog & mail-order houses” industry, but how does it weigh in compared to its competitors? We will compare Systemax to similar businesses based on the strength of its analyst recommendations, valuation, dividends, profitability, institutional ownership, earnings and risk.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Systemax (SYX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Heal Care Stocks For 2023: Bank OZK(OZK)
Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products. The company also provides trust and wealth services, such as personal, custodial, investment management, and retirement accounts, as well as corporate trust services comprising trustee, paying and registered transfer agent, and other incidental services. In addition, it offers treasury management services comprising automated clearing house, wire transfer, transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfer, reconciliation, positive pay, and merchant and commercial card services, as well as zero balance and investment sweep accounts. Further, the company provides ATMs; telephone, online, and mobile banking services; debit and credit cards; safe deposit boxes; and other products and services, as well as processes merchant debit and credit card transactions. As of December 31, 2020, it operated approximately 250 offices in Arkansas, Georgia, Florida, North Carolina, Texas, South Carolina, California, New York, and Mississippi. The company was formerly known as Bank of the Ozarks and changed its name to Bank OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.
Advisors’ Opinion:
- [By ]
3. Bank OZK (NYSE: OZK) — Formerly known as Bank of the Ozarks, this small regional lender is a hidden gem. For those who aren’t geography buffs, the Ozark mountains straddle the border between Arkansas and Missouri. I attended college in this part of the country and am personally familiar with this well-run financial institution.
- [By ]
3. Bank OZK (NYSE: OZK) — Formerly known as Bank of the Ozarks, this small regional lender is a hidden gem. For those who aren’t geography buffs, the Ozark mountains straddle the border between Arkansas and Missouri. I attended college in this part of the country and am personally familiar with this well-run financial institution.
- [By Logan Wallace]
A number of institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. grew its position in shares of Bank Ozk by 0.3% during the 4th quarter. American International Group Inc. now owns 246,406 shares of the company’s stock valued at $5,625,000 after acquiring an additional 665 shares during the period. Geode Capital Management LLC grew its position in shares of Bank Ozk by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,333,823 shares of the company’s stock valued at $30,451,000 after acquiring an additional 4,086 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Bank Ozk by 20.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 5,370,678 shares of the company’s stock valued at $122,612,000 after acquiring an additional 923,260 shares during the period. Sapience Investments LLC grew its position in shares of Bank Ozk by 502.4% during the 4th quarter. Sapience Investments LLC now owns 393,140 shares of the company’s stock valued at $8,975,000 after acquiring an additional 327,880 shares during the period. Finally, Prudential PLC grew its position in shares of Bank Ozk by 36.3% during the 4th quarter. Prudential PLC now owns 2,769,200 shares of the company’s stock valued at $63,221,000 after acquiring an additional 737,300 shares during the period. 86.53% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Short Interest in Bank Ozk (OZK) Drops By 22.2%” was originally reported by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at www.tickerreport.com/banking-finance/4149949/short-interest
