SAGE Connected Investing of Raymond James Ltd

CVS is on track to achieve its debt reduction goals in the foreseeable future.This will free up meaningful amounts of cash for shareholder returns. Shares are very inexpensive, and could have significant upside potential. There are some risks to consider, however. https://www.rjsocialmedia.com/aFmLIv

The NAHB/Wells Fargo Housing Market Index (HMI) rose five points to an all-time high of 83 this month, data showed on Wednesday. A reading above 50 indicates that more builders view conditions as good than poor.

We were interested to note Imperial Brands in the news.

Semiconductor stocks have suffered losses this week but Todd Gordon, director of Ascent Wealth Partners, is betting on Skyworks Solutions, which largely makes cellphone chips, as a play on the 5G rollout. Skyworks should be well positioned to capitalize on a 5G push says Gordon. https://www.rjsocialmedia.com/a-3upg

American cable company Altice USA Inc. has made an offer to acquire Cogeco Inc. and Cogeco Communications Inc. in a $10.3-billion deal that would see Cogeco's long-time shareholder Rogers Communications Inc. snap up the telecom company's Canadian assets. https://www.rjsocialmedia.com/atEKg4

We are pleased to see traders looking at names other than the Big 5. Rebalancing into quality/value stocks may help support the markets.

This coming week is going to be an interesting one for the computing world. On Tuesday, Nvidia will unveil its RTX 3000 series graphics cards. And for those in the market for a new ultraportable laptop, Intel will reportedly launch its new mobile Tiger Lake chips on Wednesday.

The market continues to favor EPS growth and price momentum (not profitability and value). A growing number of market professionals expect a general market correction could develop soon, which could take the opposite pattern of recent advances in the market.

U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown due to COVID-19. Housing starts increased 22.6% the biggest gain since Oct 2016.

It may be time to think about rebalancing.

HCA Healthcare +6% on Q2 results.

We were pleased to note another strong quarter for Lockheed Martin Corp.

We are pleased to announce that our new trust company, Raymond James Trust (Canada) is now registered to offer fiduciary trust services to clients in the province of Alberta, in addition to Saskatchewan, Ontario and Québec.

It's too early to call the end for the current rotation as the value/growth ratio made a higher low on Friday, so the short term trend appears intact.

2020 has proven interesting. There may be more to come as we head towards the US elections.

Upcoming Investing for Success Courses. https://www.rjsocialmedia.com/a-VHoR