Six More Stock Tips from the U.S. Government
My latest column is up at RealMoney.
We can all agree that the jobs report was pretty lousy. On a year-over-year basis, the growth in employment is barely staying positive.
However, as Jim Cramer likes to point out, there’s always a bull market somewhere, and regular readers probably know I like to use the economic reports as a source of stock ideas. Until they launch an “Economy ETF” (believe me, it won’t be long before somebody tries), that means sifting through the reports to find the industries and companies that are most poised to benefit from the prevailing trends. In this morning’s jobs report, that was pretty easy. According to the Bureau of Labor Statistics report, only five industries are showing statistically significant job growth:
- Hospitals
- Ambulatory health care services
- Nursing and residential care facilities
- Oil and gas extraction
- Pipeline transportation
I’ll bet you noticed the same pattern in those industries that I did.Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
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