Latest / Earn Your Leisure / Best Stocks in the Market: Josh Brown's Strategy for Market Success

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Best Stocks in the Market: Josh Brown's Strategy for Market Success · Earn Your Leisure

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  Speaker 2: After I called him video, the number one question I
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  Speaker 2: got for eighteen months is what's the next? And video
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  Speaker 2: that's not my question for you, but same when you're
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  Speaker 2: looking at the new sector or new company, what's your
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  Speaker 2: process to do the research to find what sector could
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  Speaker 2: be the one that takes off next?
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  Speaker 3: All right, So we have this list that we keep
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  Speaker 3: internally call the best stocks in the market, and what
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  Speaker 3: we're looking for are the stocks that are working right now.
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  Speaker 3: And it's not that we don't care about the fundamentals,
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  Speaker 3: of course, like everybody does. So we're looking for profitable companies.
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  Speaker 3: They've got to be a certain size. It's not that
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  Speaker 3: there aren't small good stocks to owner, it's just this
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  Speaker 3: is not what we're doing right with this particular effort.
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  Speaker 3: So they've got to be a certain size, they've got
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  Speaker 3: to be profitable, and we want to see the distance
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  Speaker 3: from a fifty two week high. You want to see
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  Speaker 3: whether or not they're in a defined up trend. Not
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  Speaker 3: like my opinion, but like mathematically, is a stock trending
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  Speaker 3: higher over a certain period of time. And we're looking
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  Speaker 3: at all these things, come up with a list of
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  Speaker 3: what are currently the best stocks in the market. Now.
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  Speaker 3: I can't say these will be the best stocks in
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  Speaker 3: the market for the rest of the year because things
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  Speaker 3: change so all we can really do is take a
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  Speaker 3: snapshot of this moment in time. Where are people making
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  Speaker 3: money right now? For me, that's not the end of
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  Speaker 3: the process. At the beginning. This is the number one
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  Speaker 3: people The problem that people have when they get into
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  Speaker 3: the stock market. They don't know where to begin. So
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  Speaker 3: they turn on TV. Maybe they see me, maybe they're
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  Speaker 3: not so lucky, they see somebody else. But whatever ticker
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  Speaker 3: symbols are being talked about that day, on the air,
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  Speaker 3: like they think those are the stocks they're supposed to trade.
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  Speaker 3: There's no context. So what we do with best stocks
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  Speaker 3: in the market? List? It's to start. It's to say,
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  Speaker 3: all right, if you're going to go fishing and you
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  Speaker 3: want to catch something, shouldn't you start in a pond
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  Speaker 3: that you know is stocked with Fish's the problem with
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  Speaker 3: people is it's not their fault. Nobody teaches anybody this.
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  Speaker 3: Why would you start? Why would you start with a
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  Speaker 3: random list of stocks that people were talking about on
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  Speaker 3: TV or in a magazine that day or people on Twitter?
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  Speaker 3: Like that's your starting point? So I'm starting with the
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  Speaker 3: best stocks in the market. They're profitable, they're big, they're
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  Speaker 3: going higher, they're in up trends, they're in proximity to
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  Speaker 3: a fifty two week high. They're in the S and
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  Speaker 3: P five hundred the best Every week, every Friday, I
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  Speaker 3: look at the close. I don't want to get whipsword
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  Speaker 3: every day Monday, Tuesday, Wednesday because the list changes, stocks
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  Speaker 3: fall in, stocks fall back on. If I look every
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  Speaker 3: week fifty two times a year on Friday, market closes, okay,
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  Speaker 3: what are the best stocks this week? That's a great
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  Speaker 3: starting point for me to spend that weekend, not for
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  Speaker 3: a million hours, just like, Oh, I never heard of this,
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  Speaker 3: Let me find out why it's going up. Think about
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  Speaker 3: how many people have the opposite approach. They're looking at
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  Speaker 3: the fifty two week low list. That's a really tough
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  Speaker 3: way to make a living. They look at the worst
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  Speaker 3: stocks or one of the stocks that are the most
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  Speaker 3: controversial and they're being talked about all day. That's not
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  Speaker 3: a great starting point either, right, That's how you end
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  Speaker 3: up owning Boeing. So what I'm trying to or intel,
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  Speaker 3: what I'm trying to do, is identify those best stocks
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  Speaker 3: and then use that as a jumping off point to
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  Speaker 3: try to figure out what's going on. And I'll tell
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  Speaker 3: you guys a couple things. The first is, let's say
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  Speaker 3: the list has sixty five names on it on a
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  Speaker 3: random Friday. It could be ten names, it could be
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  Speaker 3: one hundred. This is a function of how the stocks
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  Speaker 3: themselves are behaving. Let's say sixty five names. If ten
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  Speaker 3: of those sixty five names are all consumer staples, there's
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  Speaker 3: a lot of information in there. Number One, it tells
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  Speaker 3: me defensive names are rallying more than most of the market.
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  Speaker 3: Number two, I might stumble upon a company within that
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  Speaker 3: sector that people are excited about, and I might learn
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  Speaker 3: that catalyst for myself and have a new trade. So
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  Speaker 3: that's my starting point. I'm not saying there aren't other
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  Speaker 3: ways to do this. I'm saying this is what I
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  Speaker 3: know works for me. Here's what I'm saying, this definitively
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  Speaker 3: that I'm not doing. I'm not looking for the cheapest stocks.
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  Speaker 3: I'm not looking for one are the lowest valuations. That's
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  Speaker 3: just listen that. There are people that play that game
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  Speaker 3: and they're really good at it and there's nothing wrong
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  Speaker 3: with it. I'm not doing that. I'm saying, where are
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  Speaker 3: investors being rewarded right now? Let me find out why?
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  Speaker 3: And then I got to figure out can this continue?
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  Speaker 3: This is how I ended up in the trade desk
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  Speaker 3: this year TTD sick sick chart. This is how I
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  Speaker 3: ended up in Reddit one of the best performing recent IPOs.
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  Speaker 3: All of these things, I wasn't focused on them until
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  Speaker 3: my list said, Josh, look at this stock. Find out
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  Speaker 3: what's going on here. And so that's my approach to investing.
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  Speaker 3: And look, it's taken me, i don't know, fifteen sixteen
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  Speaker 3: years to figure that part out to the extent that
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  Speaker 3: I have. But I've been doing that the last few years,
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  Speaker 3: and I don't want to go back to any other
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  Speaker 3: version of what I was doing now that I'm doing
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  Speaker 3: it this way.
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