Earlier today, I was a guest on "Your Daily 5" and I featured 5 charts that I believe we should all be focused on right now. One of the charts I discussed was the Dow Jones U.S. Delivery Services Index ($DJUSAF), which has exploded higher after two of its key components - United Parcel Service (UPS) and FedEx Corp (FDX) - reported absolutely blowout numbers when they announced their quarterly results on July 30th and June 30th, respectively. Seriously, check out this chart:
To see the other 4 charts that I discussed, you can CLICK HERE to watch the recording on StockCharts.com TV's YouTube channel.
On the above chart, however, it's clear to me that Wall Street has now fallen in love with both FDX and UPS, which are higher today (at last check) by 8.37% and 3.13%, respectively. As I approach my next Top 10 Stocks event, where I fill out my 4 portfolios with 10 leading stocks from 10 leading industries, there is no doubt that both FDX and UPS will receive significant consideration for our flagship Model Portfolio, which boasts a 117% gain in the 21 months since its inception on November 19, 2018. That gain is despite TWO separate cyclical bear markets, one in Q4 2018 (trade war) and the other, of course, earlier this year with the pandemic. It also is nearly 100 percentage points higher than the S&P 500 over the same time period.
The best news? Today at 4:30pm ET, I will discuss my strategy behind building these portfolios. I'll walk you step-by-step through the process and the rules that we live by. Fundamentals, relative strength, and a great big dose of discipline is responsible for our performance and I'd love to show you what I do. This event, "Top 10 Stocks - Sneak Preview" is open to the public and begins shortly. If you'd like to join us, simply click on the room link below and we'll get started promptly at 4:30pm ET:
https://us02web.zoom.us/s/88445384350
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Hope to see you at the event!
Happy trading!
Tom
