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Chris Lau

Midweek Moves for Wednesday, August 14, 2019

The 10% tariff delay to Dec. sent stocks higher. The usual suspects bounced back: $AAPL Apple, Microsoft $MSFT, Facebook $FB. Bears who bought puts or are short $SPY will feel some pain on the long hedge.

$VIA / $CBS are merging. No one cares. They are weak cable firms. Continue on with $AMC, $NFLX, $T, $CMCSA instead. $FOX $FOXA stock looks cheap.

$AMC, AMC Entertainment Holdings, Inc. / H1

Old man stock $GE added 4%. Bottom was $9, it seems and $10 is resistance.

Dividend-Income stocks to hold:

Tobacco stocks: $MO, $PM have a strong dividend yield. So does British American Tobacco $BTI, which has even deeper value.

Financial stocks have a decent dividend and will recover as markets bounce back: $JPM, $C, $BACJust avoid $DB, which faces BK - bankruptcy - soon.

Disclosure: I own shares of AMC.

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