{"id":38676,"date":"2013-05-31T01:38:40","date_gmt":"2013-05-31T05:38:40","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38676"},"modified":"2013-05-31T01:38:40","modified_gmt":"2013-05-31T05:38:40","slug":"friday-charts-crooked-politicians-redneck-intelligence-and-stock-market-seasonality","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/31\/friday-charts-crooked-politicians-redneck-intelligence-and-stock-market-seasonality\/","title":{"rendered":"Friday Charts: Crooked Politicians, \u201cRedneck Intelligence\u201d and Stock Market Seasonality"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> <\/p>\n

It’s Friday in the<\/span> Wall Street Daily Nation<\/i><\/span>!<\/span>
\n<\/span>
\nThat means the long-winded analysis is out. (Hallelujah!) <\/span>
\n<\/span>
\nAnd some carefully selected charts are in. (Amen!)<\/span>
\n<\/span>
\nSo without further ado, check out these snapshots of the big thorn stuck in small business’ side… a <\/span>“<\/span>s<\/span>ell in May” update… and, as <\/span>I promised yesterday<\/span><\/span><\/a>, one of my favorite stocks to own during this economic recovery. <\/span>
\n<\/span>
\n<\/span>Move Government, Get Out the Way!<\/b><\/span>
\n<\/span>
\nI’ve featured the <\/span>NFIB Small Business Optimism Index<\/span><\/span><\/a> here before.<\/span>
\n<\/span>
\nSo what does the latest reading tell us? In short, Washington is still a major problem.<\/p>\n

<\/span><\/span><\/div>\n

\"\"<\/span><\/div>\n

\nThe number of businesses citing poor sales as their biggest concern keeps falling. But the number of those that blame taxes and government red tape keeps climbing. <\/span>
\n<\/span>
\nIn fact, 44% of small business owners rank these two factors as their biggest problems. Mind you, that’s almost double the low hit in September 2008.<\/span>
\n<\/span>
\nMaybe President Reagan was on to something when he warned: “The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’”<\/span>
\n<\/span>
\nLet’s all do our part to help Washington get the message.<\/span>
\n<\/span>
\nCopy and paste this chart into an email to your elected representatives with a simple message (from the wise words of Ludacris): “Get out the way!”<\/span>
\n<\/span>
\n<\/span>Sell in May? Nope! How About June?<\/b><\/span>
\n<\/span>
\nI hate to say “I told you so.” But… I told you so!<\/span>
\n<\/span>
\n<\/span>On May 1<\/span><\/span><\/a>, I warned: “Selling in May and going away is not all it’s cracked up to be.”<\/span>
\n<\/span>
\nAnd sure enough, the market kept on rallying. As I write, the S&P 500 Index and Dow are both up about 3%, while the Nasdaq is up about 4%.<\/span>
\n<\/span>
\nSo what’s in store for June? A little <\/span>gloom<\/span> – t<\/span>hat<\/span> is, if history is a reliable guide.<\/p>\n

<\/span><\/span><\/div>\n

\"\"<\/span><\/div>\n

\nAlthough the Dow averaged a gain of 0.37% in June over the last 100 years, it’s only delivered positive returns 48% of the time, according to Bespoke Investment Group.<\/span>
\n<\/span>
\nIf we focus on the last 50 and 20 years, the average performance is even weaker. The Dow actually averaged declines of 0.37% and 0.76%, respectively. And it only posted positive returns 46% and 40% of the time.<\/span>
\n<\/span>
\nNow, if that has you thinking about ditching stocks to sidestep the potential selloff, might I suggest an alternative? <\/span>
\n<\/span>
\nFor instance, a stock that’s uniquely positioned to buck the trend…<\/span>
\n<\/span>
\n<\/span>You Might Be a Redneck If…<\/b><\/span>
\n<\/span>
\nIf you live anywhere in the South, you might be accused of being a redneck if you own a pickup truck. (I know, because it’s happened to me.) Chances are, though, that you’re a small business owner, too.<\/span>
\n<\/span>
\nAs I’ve noted before, small business owners account for a large portion of pickup sales, particularly <\/span>Ford<\/b><\/span> (F<\/a>) F-Series trucks. That means, by gauging sales of F-Series trucks, we can track the health of the economy. <\/span>
\n<\/span>
\nAnd there’s no mistaking the underlying trend…<\/p>\n

<\/span><\/span><\/div>\n

\"\"<\/span><\/div>\n

\nYear-to-date through April, Ford has sold just as many F-150 trucks as it did right before the recession hit. And there’s more road ahead.<\/span>
\n<\/span>
\nSo much so, that Ford is planning to boost North American production to meet the demand.<\/span>
\n<\/span>
\nTack on the fact that sales in Europe are bottoming out, and Ford is certainly in store for an earnings boost. <\/span>
\n<\/span>
\nMy conservative estimate calls for the company to earn $2 per share in 2014, which would represent a 41% increase over the consensus estimate for this year.<\/span>
\n<\/span>
\nGiven that stocks ultimately follow earnings – and that Ford is trading on the cheap at less than 11 times earnings, compared to 16.8 times for the S&P 500 Index – shares could easily rally another 50% from current levels. <\/span>
\n<\/span>
\nThrow in a modest 2.7% dividend yield, and what’s not to like? <\/span>
\n<\/span>
\nYou might be a redneck if you drive a pickup. But you’d be a pretty darn <\/span>smart<\/i><\/span> redneck if you also owned a few hundred shares of Ford. <\/span>
\n<\/span>
\nThat’s it for this week. Before you go, though, let us know what you think of this weekly column – or any of our recent work at <\/span>Wall Street Daily<\/i><\/span> – by sending an email to <\/span>feedback@wallstreetdaily.com<\/span><\/span><\/a>, or leaving a comment on our <\/span>website<\/span><\/span><\/a>.<\/span>
\n<\/span>
\nAhead of the tape,<\/span>
\n<\/span>
\nLouis Basenese<\/span><\/span><\/div>\n

Article By WallStreetDaily.com<\/u><\/a><\/p>\n

Original Article: Friday Charts: Crooked Politicians, \u201cRedneck Intelligence\u201d and Stock Market Seasonality<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com It’s Friday in the Wall Street Daily Nation! That means the long-winded analysis is out. (Hallelujah!) And some carefully selected charts are in. (Amen!) So without further ado, check out these snapshots of the big thorn stuck in small business’ side… a “sell in May” update… and, as I promised yesterday, one of … <\/p>\n

Continue reading “Friday Charts: Crooked Politicians, \u201cRedneck Intelligence\u201d and Stock Market Seasonality”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38676","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38676"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38676\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}