CNBC’s Latest Nonsense


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CNBC is at it again…

I hope you’re not listening to them for financial advice. Because while I understand some of their guests have great insights and ideas, many are simply two steps behind.

Take this picture I snapped on Wednesday as an example.

CNBC

What do you think. Is it safe to buy Facebook (FB) again?


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Once Again CNBC is Simply Two Steps Behind

The answer is a resounding NO!

You must remember, we’re talking about a company here that’s under investigation and facing some serious public backlash after wrongfully selling user data.

This is a situation that’s made it way all the way to Congress, and still no final decisions or regulations have been made.

This leads me to believe that this story isn’t even close to over, which means there could still be pain ahead for the company.

In addition, in just the last four months the stock is already up 50%!

This is close to the “peak speculation” levels that it traded near before the data mismanagement headlines torpedoed their stock price.

Look, I know it’s tempting to chase speculative stocks like FB as they move higher day after day. (This phenomenon is commonly referred to as “FOMO” or the fear of missing out.)

But here we’re urging you to not chase speculative stocks as they run higher, but to methodically plan out every move and only put your hard-earned money to work when the odds are in your favor.


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Here’s Where to Put Your Money Instead…

Instead of chasing speculative names after the “easy money” has already been made, let’s look to a few time-tested blue chip stocks that pay solid dividends.

Procter & Gamble (PG) — This consumer staple juggernaut is the maker of Tide, Gillette, Crest, Olay, Charmin, Cascade and dozens of other household products I’m sure you’re familiar with. And just a few days ago PG reported its best quarterly sales growth in eight years. Couple this growth with a reasonable valuation and a 2.76% dividend, and PG deserves a spot in any balanced portfolio.

The Coca-Cola Company (KO) — This classic American company has found its growth path once again. In its earnings report this week, the company reported a 5.2% boost in sales over the same period last year while also introducing new product rollouts including a coffee-infused energy drink. The stock also pays a healthy 3.4% dividend.

Walmart Inc. (WMT) — Talk about a classic American company getting back to growth. Walmart is now the de facto threat to Amazon’s online dominance. They’ve accomplished this by completely revamping their website and adding new features like in-store pickup and free delivery. At current levels the stock pays a 2.17% dividend.

Sorry, CNBC. I’d recommend any one of these dividend stocks over chasing a speculative name like Facebook any day.

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