OPINION: “Some of the best stock purchases you’ll ever make in your life will happen during down markets,” columnist mbrushstocks writes.
Investing in a beaten-down stock market is no fun. But here’s the good news: Some of the best stock purchases you’ll ever make in your life will happen during down markets.
That’s no guarantee that stocks my system favors now will be up a similar amount a year from now. They probably won’t be. But it is evidence that following the right insiders can help you outperform. Two travel-related companies One of the great things about closely following insider activity is that you can make sector “calls” when you spot systematic buying by insiders across an industry or group. That’s the case now with travel-related companies. There’s been a wave of buying across cruise lines, hotels and casinos.
Another factor is recession fears. But the forces that caused high inflation — like rising commodity prices and supply chain issues — are all improving. Inflation is in retreat. So the Fed may have the luxury of easing up on its rate-hiking campaign, reducing the odds that it creates a deep recession.Avis Budget Group This car-rental company’s stock CAR, +3.71% looks attractive in the decline this year to $172 recently, from $320. A director sure thinks so, given his $14.8 million purchase.
Besides strong demand, Avis also benefits from the strong used car market as it sells vehicles to make room for new ones. Ongoing snafus in the air travel system are another factor hurting the stock. The company has opted to keep staff, to be ready for the moment when the kinks in air travel get worked out. In the interim, these costs weigh on earnings.
A global brand power in retail Worries about consumer strength is holding back retailers, but this one should do just fine, if the insider buying is any guide. Investors are skeptical about the company’s low double-digit sales guidance for the next quarter. But employment in the U.S. remains strong, and there are several signs that inflation is coming down. Commodity prices are falling, including the price of gasoline. This should boost consumer sentiment — and demand for Nike sneakers. Consumer sentiment has largely been shaken by unnerving inflation levels, not job security concerns.
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