Dollar General’s Post-Christmas Miracle

More of your opinions on reforming Congress:

Select Representatives and Senators by drawing from a pool of qualified candidates (able to pass citizenship test).

Limit terms to 6 years for all. Replace one-third of the House every 2 years and half of the Senate every 3 years. 

Pay them all $100,000 per year for 10 years, the last 4 for them to resume private life. 

This would save us all from political campaigns and useless political parties. Just a thought.

Another reader says…

1. Lower salaries
2. Pay into Social Security
3. REQUIRE them to participate in a group health plan (like the rest of the idiots who keep voting in the same ones for repeat terms)

A quick correction: members of Congress started paying Social Security taxes in 1983; prior to that, they were exempt from paying into or receiving Social Security benefits.

As for salaries, the average base salary for members of the House and Senate was $174,000 — plus benefits — in 2017. That hasn’t changed since 2009. (You’d think they were Goldman Sachs low-level execs, weathering the Great Recession as they did.)

Considering Congress is in session just 138 days out of the year, these public servants rake in $1,260.87 per working day. We guess calling them public grifters is too close to the truth.

Yeah, your moment of zen.

Boxing Why Dollar General’s still one to watch in 2019 — including a post-Christmas bump and an indicator that’s right in the sweet spot. le

We wanted to check in with Dollar General, a stock we mentioned way back in August. We said then it was one to watch — even taking a share of the market from retail giant Walmart.

On Wednesday, DG shares jumped 7.2%; sure, the Dow rose over 1,000 points and the S&P 500 gained 5% that day. Still, impressive.

chart

So what happened Wednesday for DG?

Part of the jump had something to do with retail stocks as a whole. On Amazon’s press release detailing record-breaking holiday sales, the entire sector got a boost.

In Dollar General’s third-quarter earnings report, the company’s execs said it anticipated positive sales growth in each of its stores. Looking ahead to 2019, DG will…

  • Open 975 new stores
  • Remodel 1,000 existing stores
  • Relocate 100 stores

Dollar General’s CEO says: “We believe our ongoing investment in high-return real estate projects, along with our strategic initiatives, will not only continue to drive long-term shareholder value, but will also allow us to further enhance our ability to serve our communities and our customers.”

Last, take a look at the RSI on the chart at 54.02.

The Relative Strength Index tracks the change of price movements. The RSI signals a stock’s overbought when above 70 and oversold when below 30. Dollar General’s right in that sweet spot.

Still one to watch in 2019.

Market Rundown for Fri. December 28, 2018

S&P 500 futures are up 7.75 points to 2,502.74.

Oil is up 53 cents to $45.14 a barrel.

Gold’s down $1.70 to $1,279.40 per ounce.

Bitcoin is up $23.27 to $3,669.59.

Have a great weekend. We’ll circle back Monday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

Your Rundown for Friday, December 28, 2018:

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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