Posts from: Blog

Markets Are Down, Time to Convert Traditional IRA to Roth IRA? by James R. Wigen, CAM® ChFM® CPM® CWM®, Sr. Portfolio Manager & Sr. Wealth Manager

The Stock & Bond Markets have had a horrible year, and we may see further declines.   When investors experience a decline in their IRA accounts, they often wonder if they should convert their IRA to a Roth IRA.  By doing this, their investment... (more...)

Markets Up First Few Days This Week, Now Back Down Until Mid October Right Before MidTerm Elections, Then Rally Into Elections by James R. Wigen, CAM® ChFM® CPM® CWM®, Sr. Wealth Manager

The first couple days of this week we have seen a nice rally with the Stock Market.  However, it will all start reversing with Earnings announcements and last until Middle of October, when magically the markets will rally right before MidTerm Elections. ... (more...)

Update on P/E Ratios of Blue Chip Stocks by James R. Wigen, Sr. Portfolio Manager at IFM

Tired of Technology stocks going down?  Thinking of buying Consumer Defensive stocks such as, Clorox, Hormel, Proctor & Gamble, Kraft Heinz Co., Colgate-Palmolive Co. & Hershey? Let’s take a look at the Price/Earnings ratios to see whether... (more...)

Tips For Investing In A Bear Market by James R. Wigen, Sr. Portfolio Manager at IFM

The Stock Market is currently moving towards re-testing the lows from June, what is the strategy now?  As with any market, depending on your personal financial needs from your investments, your strategy may work better if you do nothing at this time,... (more...)

P/E Ratios of Consumer Defensive vs Blue Chip Technology Stocks By James R. Wigen, Sr. Portfolio Manager at Independent Financial Management

Tired of Technology stocks going down?  Thinking of buying Consumer Defensive stocks such as, Clorox, Hormel, Proctor & Gamble, Kraft Heinz Co., Colgate-Palmolive Co. & Hershey? Let’s take a look at the Price/Earnings ratios to see whether... (more...)

You Want To Buy Stock Low, But Don’t Know When The Time May Be Right? By James R. Wigen, Sr. Portfolio Manager at Independent Financial Management

Many investors in today’s market climate are trying to figure out when to start investing in the market again, however, they don’t know what to look for which convinces them the market is low enough, and the time to buy is now.  Here are... (more...)

Clorox Stock Now Trades At A Higher P/E Ratio Than Nvidia!! That Is A Problem! By James R. Wigen – Sr. Portfolio Manager at Independent Financial Management

The stock market is Selling off the past several days, forcing many investors to think, Sell Growth stocks and Buy Value stocks! This trend is causing stocks like Clorox to now trade to a P/E Ratio of 35.63, which is higher than beloved Growth stock Nvidia,... (more...)

Caesars Cutting Back Ad Spending, To Benefit All Online Gambling Companies by James R. Wigen, Sr. Portfolio Manager at Independent Financial Management

During their recent earnings announcement, Caesars CEO indicated they will no longer spend so much to attract new customers, this will help all online gambling companies that are sure to adopt the same policy. Caesars indicated launching in so many new... (more...)

Analysts Upgrades of DraftKings After Earnings Release by James R. Wigen, Sr. Portfolio Manager at Independent Financial Management

Canaccord Genuity Adjusts DraftKings’ Price Target to $55 From $65, Reiterates Buy Rating MT NEWSWIRES 10:00 AM *COVERAGE REITERATED: DraftKings (DKNG) reiterated by Needham. Reiterated rating Buy. BRIEFING.COM 9:50 AM *COVERAGE REITERATED:... (more...)

My Thoughts From DraftKings Recent Earnings Announcement by James R. Wigen, Sr. Portfolio Manager with Independent Financial Management

For the three months ended December 31, 2021, DraftKings reported revenue of $473 million, an increase of 47% compared to $322 million during the same period in 2020. Fourth quarter 2021 revenue exceeded the guidance previously provided by the Company... (more...)

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