Connect with us

Hi, what are you looking for?

Stocks

BEER Stocks: Own What You Know

Legendary investor Peter Lynch told the world to “own what you know” – meaning use the products and services of companies in the equity market. The Top-Down approach to market analysis yielded some interesting idea generation today. In this edition of the GoNoGo Charts show, using GoNoGo Charts on a relative strength basis, Alex and Tyler get under the hood of the benchmark equity index $SPY to see that only two sectors have held their leadership position – Communications, XLC and Consumer Staples, XLP. Within the consumer staples sector, they dig into the relative strength leaders and laggards. The Brewers Index $DJUSDB is in a strong relative “Go” trend against the sector, which is outperforming the S&P 500 index. Alex and Tyler pulled out three brewing companies with strong Go trend conditions: $CCU, $TAP, and $CABGY.

This video was originally recorded on May 11, 2023. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android, and more!

New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV. Learn more about the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.

    You May Also Like

    Sports

    Kyle Larson spent the week watching videos of his 10-win, 2021 championship season, he said, “to remind myself that I used to be good.”...

    Sports

    Jarrett Payton is looking for the heroes who saved his son’s life. The former Miami Hurricanes running back and son of Pro Football Hall of...

    Sports

    The Formula One season kicked off Sunday in Bahrain, and it was smooth sailing for Red Bull Racing and Max Verstappen. The 25-year-old Dutch star...

    Politics

    The three announced Republican 2024 presidential candidates weighed in over the weekend on the shocking collapse of Silicon Valley Bank (SVB). Former President Donald...

    Disclaimer: americanbrokersalliance.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 americanbrokersalliance.com | All Rights Reserved