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27 Notches on ‘Bedpost’

More of your personal experiences with phone scams:

“After nearly being snared in a ‘false cop, false arrest’ swindle attempt, my grandson and I agreed on a couple of identification questions that I would ask him (or an impostor) only he and I would know the answers to: the name of his third-grade teacher and where we went on vacation when he was 10-years old. 

“As the Boy Scouts say, ‘Be prepared.’”

Yeah, these scammers are no Boy Scouts. Smart to be prepared.

“I had a ‘Hi, Grandma’ call from a very nice-sounding boy,” says our next reader. “I do have grandsons but I knew this didn’t sound like their voices and I’d been alerted to the scam. I ended the call quickly. 

“But I noticed [his] voice was kind and gentle; I almost wanted to say to him, ‘I would gladly be your grandmother.’ [Scammers] are very winsome in the way they address you. I don’t believe this is accidental. I think it’s an important part of the scam.

“Thanks for watching out for us. We need all the help we can get.”

We think these guys would sell their grandmothers for a quick buck. Glad we can forewarn readers.

Your Rundown for Tuesday, May 7, 2019:

A Good Defense… (You Know the Rest) 

Today we take a look at a 130-year old consumer staple stock that’s resembling a spry momentum stock. For Procter & Gamble, in fact, it’s been a record-breaking year.

The Dow defensive stalwart is close to notching its 27th high-water mark so far this year.

p&g

“P&G has broken out above $107 on a monthly basis,” says CNBC, “a critical resistance level identified from an upward trendline that stretches back to a January 2000 peak.” And analysts expect P&G to keep trading into “the path of least resistance.”

So who says toothpaste and laundry detergent are boring?

And P&G’s representative of the sector as a whole…

“We would be overweight the consumer staples sector at this inflection point,” says Chad Morganlander of Washington Crossing Advisors.

“You’re getting consistent growth, consistent dividend growth, as well as you’re getting companies that have very little leverage.”

Market Rundown for Tues. May 7, 2019

S&P 500 futures are down 18.5 points to 2,914.

Oil is down 76 cents to $61.49 for a barrel of WTI.

Gold is down $3.30 to $1,280.50 per ounce.

Bitcoin is up $223.52 to $5,973.27.

Have a good day. We’ll talk tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown. Aaron’s been with Agora Financial/Seven Figure Publishing for 13 years. He's been covering technology and markets for over a decade.

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