David Cohne has 20 years of experience as an investment analyst and writer. Prior to StockNews, David spent eleven years as a consultant providing outsourced investment research and content to financial services companies, hedge funds, and online publications. He also served as a Consultant and Senior Investment Writer to NextShares Solutions LLC where he provided content on Exchange-Traded Products.
Previously, David was Vice President and Director of Research at The Rankings Service, an independent investment research and consulting firm that scored and ranked mutual fund managers. He also served as Vice President and Senior Analyst at Fundworks Inc, a financial newsletter publishing firm. David started his career in portfolio management at Adviser Investments, an independent wealth management firm. He received an undergraduate degree in Economics at Brandeis University and an MBA from Arizona State University.
David enjoys researching and writing about stocks and the markets. He takes a fundamental quantitative approach in evaluating stocks for readers. If you would like to see more of his best value stock ideas, then click the following link: See David Cohne's Favorite Value Stocks.
Last Monday, the major benchmarks suffered their worst declines of the year. The rising case count for COVID-19, primarily driven by the highly contagious Delta variant, led to the most significant drop in two months for the S&P 500 (SPY) and Nasdaq. It also sent Treasury yields to their most significant decline in over three months. But the market bounced back on Tuesday as investors reconsidered their worries as hospitalizations and deaths are not at the same level they were during the height of the pandemic. The question is, was last week's rally a temporary move higher, or are the rising cases a much larger cause for concern. I will answer that question and give my outlook below, but first, let's recap the week in the markets. Read on below… Jul 27, 2021| 2:01pm
Growth stocks have taken a backseat to cyclical names this year, but that may be about to change. The Fed appears to be sticking with its dovish monetary policy and rising cases of COVID-19 could lead to a return to lockdowns.This presents a great buying opportunity to pick up shares of tech stocks like Teradata Corporation (TDC), HP Inc. (HPQ), and Broadcom Inc. (AVGO). Jul 20, 2021| 5:10pm
Since last Monday, the markets have been in a risk-off mood, and the reflation trade has continued to sour. This is evident from a variety of perspectives such as long-term Treasury yields continuing to move lower, cyclical stocks have been among the worst performers, and overall indices finally starting to weaken. On an absolute basis, the damage is minimal as the S&P 500 (SPY) is just over 3% off all-time highs, but this is masking more weakness under the surface. As of Monday's close, only 48% of stocks are trading above their 50-day moving average which reflects the market's state from a more bottom-up perspective. It's possible that earnings season could serve as a reprieve. However, we should remain open to the possibility that the market could continue selling-off especially given the gains from the March bottom, and many months since the stock market has been tested with any sort of selling pressure. We’ll dive into these topics and review the market's latest developments below… Jul 20, 2021| 2:41pm
Stock trading app Robinhood appears to be headed for an IPO based on a recent SEC filing. The company is doing well by attracting more investors to its platform. The platform's top 100 list shows which stocks are the most popular among its users. David Cohne has scanned the list to find his top three stocks which include Apple (AAPL), Nokia (NOK), and Walmart (WMT). Jul 16, 2021| 9:10am
The reddit crowd had a new meme stock this week, driving up the share price of SCWorx Corp. (WORX) 50% in morning trading on Tuesday. This was another classic short-squeeze. While WORX is not rated highly in our POWR Ratings system, Salesforce.com (CRM), Workday (WDAY), and Cadence Design Systems (CDNS) all are and are worth a look. Jul 15, 2021| 9:19am
Last week's holiday-shortened week saw a mix of ups and downs as investors questioned the strength of the reflation trade. Longer-dated yields sank, driven by fears of a risk-off environment, and the S&P 500 (SPY) looked to close down for the week for the first time in three weeks until a rally on Friday drove the markets to new records. This week, I expect to see some possible volatility as investors react to more economic data releases. Still, looking at the big picture, the next catalyst for the markets is earnings season, which starts tomorrow with the release of earnings reports for banks. I will preview earnings season and what that means for our portfolio, but first, let's look at the markets since Wednesday. Read on below… Jul 13, 2021| 1:53pm
Shares of Newegg Commerce (NEGG) were up big last week as another case of retail traders on Reddit pushing up the price of a stock. While NEGG isn't a bad company, this performance doesn't line up with its fundamentals. Which is why David Cohne is recommending other internet stocks such as Alphabet (GOOGL), Facebook (FB), Yelp (YELP). Jul 12, 2021| 2:19pm
Oil prices have been soaring this year as the global economy reopened. The rise in oil has driven energy stock prices up as well. The current dip in prices and a strong outlook presents a great buying opportunity to pick up shares of Canadian Natural Resources (CNQ) and EOG Resources (EOG). Jul 9, 2021| 2:38pm
While the "Oracle of Omaha's" company underperformed the market last year, Berkshire Hathaway (BRK.B) has rebounded in 2021. However, that doesn't mean investors should run out and buy shares. Target (TGT), Foot Locker (FL), and Williams-Sonoma (WSM) are three Buffet inspired stocks are better buys right now. Jul 8, 2021| 4:05pm
The S&P 500 (SPY) finished the first six months of the year with the best first-half finish since the dot com bubble days. The index gained 14.4%. The market was driven by COVID vaccinations that allowed the economy to reopen again as trillions in fiscal stimulus helped create demand. Even with concerns over inflation, the market continued to surge higher. But these significant gains combined with a more hawkish Federal Reserve has made some investors concerned that the Fed will pull the trigger sooner than expected, which could cause stocks to fall. I don't share that opinion, and I will tell you why in my six-month outlook. But first, let's recap the markets in the past week. Read on below… Jul 7, 2021| 2:08pm