The Gilmo Report

November 17, 2019

November 16, 2019

New highs in the major market indexes remain the order of the day. The NASDAQ Composite, S&P 500 and Dow Jones Industrials all sit at all-time highs. But in a market where the #1 ranked group is Mobile Homes and RVs, consisting of stocks like dynamic, cutting edge Winnebago (WGO), finding those dynamic “super stocks” capable of three- and four-bagger price moves or better is a difficult proposition.

As I’ve been saying, this remains an alt-currency market, where the index trend to new highs is driven by the movement of money into big-cap, established companies with reliable business models. These are the names that have shown the more consistent trends since the early-October market low. The main issue for me is whether this is beginning to shift, so read on.


The rest of this report is available for Gilmo Report Members only.
The full report will be available 45 days after it is posted. For immediate access: login or subscribe

Gil Morales & Company, LLC (“GMC”), 8033 Sunset Boulevard, Suite 830, Los Angeles, California, 90046. GMC is a Registered Investment Adviser. This information is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to GMC, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Gil Morales & Company, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2008-2019 Gil Morales & Company, LLC. All rights reserved.