Richard Moroney, CFA, is the editor of Dow Theory Forecasts and the Upside newsletter; the vice president of research for Horizon Publishing Company; and vice president and portfolio manager of Horizon Investment Services, a money management company. He is the inventor of the proprietary Quadrix® stock-rating system. Called "An Intellectual Heir to Charles Dow" by his peers and the press, Mr. Moroney is sought out for his accurate forecasts on the market and specific stocks by major news organizations and business groups. He has appeared on CNN, CNBC, and Sky Radio and is often quoted in Barron's, Investor's Business Daily, SmartMoney, Business Week, The Washington Post, The Chicago Tribune, and the Chicago Sun Times. Mr. Moroney holds an MBA in finance from the University of Chicago.
Even though the S&P SmallCap 600 Index has advanced 16% this year and 101% over the past 12 months, small company stocks have room to run — so long as today’s profit estimates are in the ballpark, explains Rich Moroney, editor of Upside.
We like the outlook for homebuilders. The combination of short supply, cheap financing, and a year of pent-up demand has us excited about the prospects of Lennar (LEN.B) despite some signs of trouble, says Rich Moroney, editor of Dow Theory Forecasts.
The death of brick-and-mortar retailing has been greatly exaggerated. The middle of the market faces pressure, but companies serving high-end or discount niches can do fine, suggests Rich Moroney, editor of Dow Theory Forecasts.
Small doesn't mean weak — in fact, small-company stocks are having their day in the sun — with small-cap blend funds up 15% so far in 2021, topping the returns of 4% for large-cap funds and 9% for midcaps, observes Rich Moroney, editor of Dow Theory Forecasts.
At mid-year, Richard Moroney of Dow Theory Forecasts highlights some of the best performers and their current outlook on these Top Picks for MoneyShow.com.