One Unsung Nasdaq Stock
A reader gets creative on stagnant wage growth:
“Another way to view current wages…
“In 1964 the minimum wage was, I think, $1.25 per hour or 5 silver quarters.
“With silver at $16 per ounce today, 5 quarters have a melt value of about $15.
“Only in coastal cities is the minimum wage approaching $15 per hour. That means a minimum wage of $15 per hour is no wage growth for over 50 plus years.
“Stagnant wages are prevalent in most of the U.S.A.”
We checked minimum wage in 1964 — it was $1.15. But we get the picture.
And a reader forecasts the state of the economy in 2019:
“I am a representative for a number of different companies…in the Midwest.
“Manufacturing is as strong as I have seen it in over 30 years. Companies are investing in their equipment with upgrades and adding new equipment as well.
“It is hard to find good people for manufacturing as unemployment goes down. That is going to be an issue in the future — having good people to take the place of those retiring.
“Growth can only go on for so long but I see things being steady with some growth for this year. That makes people feel good about their jobs, raising their families and planning for the future.
“This year, 2019, is going to be a good year, stable with some growth, which — to me — is a great thing!”
From the state of the economy, we turn to the State of the Union. What did you think of the President’s speech?
What did you think of the President’s speech?
Your Rundown for Thursday, February 7, 2019:
One Unsung Nasdaq Stock To Watch…
This Nasdaq stock came on our radar yesterday: Danaher Corporation. We think it’s worth a mention.
According to the company’s website: “Danaher is a global science and technology innovator committed to helping customers solve complex challenges and improving quality of life around the world.”
The company specializes in the following…
- life sciences
- environmental and applied solutions
Danaher Corporation (DHR) has climbed 9.75% since Feb. 5, 2018 and is trending up; during that same time, Danaher outperformed the S&P 500 by 9.75%.
As for guidance from three market analysts, each gives Danaher a rating of Outperform; it also gets a solid Buy rating.
Yesterday’s closing price was $109.66 but price targets range from $114 all the way up to $126.
As for 2018 Q4 earnings, a couple beats were reported: earnings per share of $1.28 (beat) and — here’s the standout — Danaher’s revenue rose 5.3% and beat analysts’ estimates by $50 million.
Impressive. Might be one to add to your portfolio.
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You could retire as early as TODAY, February 7.
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Market Rundown for Thurs. February 7, 2019
S&P 500 futures are down 15.25 to 2,714.25.
Oil is down 54 cents to $53.47 for a barrel of West Texas crude.
Gold is up $1.10 to $1,315.50.
Bitcoin is down $8.11 to $3,386.78.
Have a good day. We’ll talk tomorrow.
For the Rundown,