April 4th, 2008
Who’s Hiring? More Stock Tips from the US Government
My latest column is up at RealMoney.
I dissect the jobs report to see which industries are showing the best/worst growth in new hiring, on the thesis that companies in these industries may present investment opportunities.
The fastest growing industries are restaurants, hospitals, mine services, machinery, and oil & gas extraction. The worst were transportation equipment and a plethora of housing-related sectors.
Disclosure: At time of publication, William Trent owns shares of Starbucks (SBUX).
Disclosure: Author is long Starbucks (SBUX) at time of publication.
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Topics: Terex (TEX), Joy Global (JOYG), Astec Industries (ASTE), Minefinders (MFN), Lifepoint (LPNT), Bucyrus International (BUCY), Manitowoc (MTW), Allis Chalmers (ALY), GATX (GMT), Furniture Brands (FBN), Leggett & Platt (LEG), Superior Well Services (SWSI), Exterran (EXH), Dawson Geophysics (DWSN), Universal Health (UHS), Community Health (CYH), Oil Well Services and Equipment, Retail (Specialty), Forest and Wood Products, Weyerhaeuser (WY), Home Depot (HD), Helix Energy Solutions (HLX), Retail (Home Improvement), Lowe's (LOW), Red Robin Gourmet Burgers (RRGB), Texas Roadhouse (TXRH), Panera Bread (PNRA), Chipotle Mexican Grill (CMG), IHOP (IHP), Starbucks (SBUX) | RSS
Interesting analysis…it speaks well with this post from Think Big:
http://bespokeinvest.typepad.com/bespoke/2008/04/sector-relative.html
Healthcare has drastically underperformed the market this year — that obviously isn’t ONLY hospitals, but I’m wondering if hospitals have been oversold as well. Might be looking at a great buying opportunity.
-Wayne
My guess is that healthcare will be weak until the elections. Then there can either be a Republican relief rally or a Democrat buy on the news rally