 | |  Good morning. The Japanese have a term Ikigai, meaning reason for being. The Finnish have the term Sisu, meaning resilience. And the Swedes have Lagom, meaning moderation. All point to popular terms used in popular books and articles to discuss the concept of clutter, whether mental, emotional, or, usually, the physical.
Call it a sign of the 10-plus year bull market, but the rise of books on the subject of clutter, if all collected, would more than clutter a standard bookshelf. But as long as the economy is good, people will continue to accumulate more stuff… and one of the best investment opportunities may be in self-storage spaces, which continue to see robust demand, and likely not just as extra storage for books on decluttering.
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| | |  | DOW 26,078.62 | -1.86% | | | | S&P 2,887.61 | -1.79% | | | | NASDAQ 7,785.25 | -1.56% | | | | | *As of market close | | | • | Stocks dropped for a second day, , on fears of slowing global growth, with the Dow slipping nearly 500 points. | | | • | Oil prices declined 1.9 percent, to $52.60 per barrel. | | | • | Gold rose 1 percent, to $1,505 per ounce. | | | • | Cryptocurrencies traded flat, with Bitcoin still around $8,300. | | | |
| | | Baird Lowers Price Target on Boeing (BA) | | | | Investment firm Baird lowered its price target on Boeing (BA), to $445 from $470. The lowered price was based on factors such as increased risk to production rates, and risks from the changing Chinese market, with the expectation that the company's free cash flow will improve in 2021.
With shares around $367, and with Baird still maintaining its outperform rating on shares, the investment firm still sees about a 21 percent upside in shares in the next year.
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| | Needham Cuts Targets on World Wresting Entertainment (WWE) | | | | Needham cut the price target of World Wrestling Entertainment (WWE), citing concerns over offshore rights. The main concern is with India, where the company's deal only extends through January. India is the company's third-largest market.
The company did reiterate its buy rating, but lowered its price target from $100 to $88 as a result of these concerns. At current prices near $65, that still indicates 35 percent potential upside in shares.
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| | Insider Activity: WideOpenWest (WOW) | | | | Crestview Partners, a fund with board seats and major ownership, added to their stake of WideOpenWest (WOW). The fund bought 18,120 shares, increasing their total stake to over 30,547,000 shares, at a cost of $108,000.
Insiders such as the CEO and CFO have also been buyers of the company in the past two years, with most of that buying coming in recent weeks. Insiders have last sold shares of the company back in 2017.
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| | | | Unusual Options Activity: Ford Motors (F) | | | A number of bearish options trades were made against Ford Motors (F) recently, as the company reported lower-than-expected sales. Of all the options trades, the November 15th $8 puts saw the most action, with over 44,000 contracts trade, for a 63-fold surge in volume from a prior 700 contracts.
That bet, expiring in about six weeks, will move in-the-money if shares drop just fifty cents, or about 6 percent from here.
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| | | | TOP | | | LEN | 3.769% | | | | ULTA | 1.783% | | | | PM | 1.546% | | | | V | 1.27% | | | | NKTR | 1.155% | | | | BOTTOM | | | ETFC | 5.821% | | | | SCHW | 5.788% | | | | XEC | 5.755% | | | | FANG | 5.336% | | | | APA | 5.189% | | | | |
| | |  | | We have now tariffed our way into a manufacturing recession in the US and globally | | - Peter Boockvar, chief investment officer at Bleakely Advisory Group, on the manufacturing decline and the culprit being the trade war.  | |
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