I haven't written in a while while the market has engaged in some of the sharpest moves in history. It's funny that my last article was bullish on Texas Roadhouse (TXRH), which was published days before the entire restaurant industry was hit by the black swan that is COVID-19. For the record, I'm still bullish, and I opened a position in early April for the hopeful return to normal, whenever that may come.
My writing slowed down, in part, because life got busy, but it has also been difficult for me to have a well-formulated opinion about what I have been witnessing. Obviously, with hindsight, there were a ton of great companies to scoop up in late March at the most recent stock market bottom. That being said, if you had told me the market would be back to these levels a month ago, I would have thought you were crazy.
It is well documented that there are still a huge number of negative factors playing into the market today, with groups of investors firmly believing that there will be another drop any day now, and others sure that the market is forward-looking and that the Fed can continue to print sufficient stimulus to maintain the market at these levels.
I'm not basing my long-term investment decisions off of either camp (although, I think it's likely the market retraces its recent gains). What I am interested in, however, is continuing to find the best companies that I can buy today, with a significant amount of wariness in not catching falling knives (shout out to Tanger Factory Outlet Centers (SKT), my falling knife of choice).
I've recently bought Amazon (AMZN), which was fortuitously timed, and Alphabet (GOOGL), among others. A company that I find to be very interesting, however, is Booking
