Safe and Sound with IRM

[] [View in browser]( [View in browser]( [] NOV 30, 2023 [] [] SCOTT WELSH’S TICKER TALES A Rock-Solid Investment in Security The Document Management sector has been hot lately. As tech gets more and more advanced, so does the need for security. And Iron Mountain (IRM) is pretty much what it seems. It’s a company that secures all our sensitive documents in a mountain. It does other types of securing too, but the basis of the company is that you can feel safe knowing your important documents are safe and sound in a mountain. Probably guarded by bears (but that’s unconfirmed). IRM has been hot for a while: [] It’s been good in 2023 and didn’t do badly in the Bear Market of 2022. Plus, it carries a very healthy dividend (over 4%). Plus, as mentioned, it’s in one of the top 25 hottest sectors in the world. If IRM breaks above $64.48, it could make a nice run–and pay you along the way. We’ll keep it on our radar. — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] PROSPERITY PUB MARKET TALK Is This The Soft Landing We Were Promised? As we navigate the post-pandemic era, the resilience of the American economy continues to be a subject of intense scrutiny. Recent data from the Bureau of Economic Analysis paints a picture of an economy bouncing back with more vigor than anticipated. In the third quarter of 2023, the real U.S. Gross Domestic Product (GDP) grew by an impressive 5.2%, surpassing previous estimates of a 4.9% increase. This robust growth, driven by consumer spending, private inventory investment, exports, and both state and federal government spending, signals a rebound that's both broad-based and dynamic. The upward revision of GDP growth is more than just numbers on a spreadsheet. It reflects a country finding its feet economically after a period of unprecedented challenges. Current-dollar GDP surged at an annual rate of 8.9%, amounting to a staggering $27.64 trillion, $20.9 billion higher than prior estimates. Key to this resilience is the American consumer, whose spending habits have bounced back significantly. U.S. personal disposable income saw an uptick of $144 billion, while personal savings stood at $815.4 billion, maintaining a personal savings rate of 4%. This financial health of households is crucial, as consumer spending is the engine that drives the American economy. Interestingly, corporate America isn't lagging behind. Financial corporations saw their profits increase by $18.8 billion in the third quarter, while non-financial corporations enjoyed a boost of $76.2 billion. This corporate profitability, coupled with strong consumer spending, creates a cycle that supports sustained economic growth. The resilience of the American economy isn't just about recovery; it's about the potential for a 'soft landing' amidst global economic turmoil. The Federal Reserve's efforts to steer the economy through turbulent waters seem to be paying off, at least for now. The third quarter performance offers a glimmer of hope that the U.S. could indeed achieve the elusive 'soft landing' the Fed has been aiming for. As we head towards the end of 2023 and into 2024, it seems the economy may be stronger and more robust than even the most optimistic spectators had dared to hope. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] NOV 30, 2023 [] [] SCOTT WELSH’S TICKER TALES A Rock-Solid Investment in Security The Document Management sector has been hot lately. As tech gets more and more advanced, so does the need for security. And Iron Mountain (IRM) is pretty much what it seems. It’s a company that secures all our sensitive documents in a mountain. It does other types of securing too, but the basis of the company is that you can feel safe knowing your important documents are safe and sound in a mountain. Probably guarded by bears (but that’s unconfirmed). IRM has been hot for a while: [] It’s been good in 2023 and didn’t do badly in the Bear Market of 2022. Plus, it carries a very healthy dividend (over 4%). Plus, as mentioned, it’s in one of the top 25 hottest sectors in the world. If IRM breaks above $64.48, it could make a nice run–and pay you along the way. We’ll keep it on our radar. — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] PROSPERITY PUB MARKET TALK Is This The Soft Landing We Were Promised? As we navigate the post-pandemic era, the resilience of the American economy continues to be a subject of intense scrutiny. Recent data from the Bureau of Economic Analysis paints a picture of an economy bouncing back with more vigor than anticipated. In the third quarter of 2023, the real U.S. Gross Domestic Product (GDP) grew by an impressive 5.2%, surpassing previous estimates of a 4.9% increase. This robust growth, driven by consumer spending, private inventory investment, exports, and both state and federal government spending, signals a rebound that's both broad-based and dynamic. The upward revision of GDP growth is more than just numbers on a spreadsheet. It reflects a country finding its feet economically after a period of unprecedented challenges. Current-dollar GDP surged at an annual rate of 8.9%, amounting to a staggering $27.64 trillion, $20.9 billion higher than prior estimates. Key to this resilience is the American consumer, whose spending habits have bounced back significantly. U.S. personal disposable income saw an uptick of $144 billion, while personal savings stood at $815.4 billion, maintaining a personal savings rate of 4%. This financial health of households is crucial, as consumer spending is the engine that drives the American economy. Interestingly, corporate America isn't lagging behind. Financial corporations saw their profits increase by $18.8 billion in the third quarter, while non-financial corporations enjoyed a boost of $76.2 billion. This corporate profitability, coupled with strong consumer spending, creates a cycle that supports sustained economic growth. The resilience of the American economy isn't just about recovery; it's about the potential for a 'soft landing' amidst global economic turmoil. The Federal Reserve's efforts to steer the economy through turbulent waters seem to be paying off, at least for now. The third quarter performance offers a glimmer of hope that the U.S. could indeed achieve the elusive 'soft landing' the Fed has been aiming for. As we head towards the end of 2023 and into 2024, it seems the economy may be stronger and more robust than even the most optimistic spectators had dared to hope. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](