The S&P ended Friday flat, which resulted in back-to-back down weeks for the market… the first time since February.
Monday – PulteGroup – The housing market is booming right now. It would only make sense to have exposure to a homebuilding and mortgage lending company. Shares finished down 4% this week.
Tuesday – Alaska Air – Alaska Air is unique because they do not rely on business travelers. Allegiant is similar to Alaska Air, where their primary business is recreational travelers, but shares of Allegiant are about 25% above its pre-pandemic highs vs. Alaska Air just reached its pre-pandemic share price… United, American, and Delta rely on business travelers and that is why their shares lag.
Wednesday – Palantir – We love Palantir… shares of the Data-Mining company have been consolidating around the $20 range, and we think a bull run is due soon. $PLTR works in the commercial and government sectors, so their services are vital and are not going anywhere.
Thursday – ETF of the week $TAN – The Guggenheim Solar ETF is all about clean energy. Shares have slid over 50% from their peak in February, but we are sensing a summer comeback.
Friday – Alibaba – Never a bad idea to have some non-US exposure… you’ll find it with Alibaba. Shares have slid 20% the past three months and it is the best Chinese consumer growth play there is.