August 14, 2026
Qualcomm (QCOM) is being added to the Sound Advice portfolio. A complete explanation will follow in the next issue of Sound Advice scheduled to be published on the first of September, but we are adding QCOM now as a timely investment.
The stock price is down 34 percent from its peak of $250 in early June and is...
Growth of $100,000 invested in 2000
This chart shows the growth of $100,000 invested in the S&P 500 (in gray) since 2000 would have grown to $465,820, versus $834,366 if it was invested in the Sound Advice recommendations (in blue) for 79 percent more capital return.
Gray Cardiff has been the editor of Sound Advice since its inception in 1988. The Sound Advice Model Portfolio has significantly outpaced the return of the S&P 500 Index since 2000 with less volatility and risk. Mr. Cardiff also manages the Sound Advice Diversified Growth Fund, which maintains positions exclusively in all of the Sound Advice model portfolio recommendations. He is also an investor in the Fund on a side-by-side basis with other investors.
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Stock and fund prices may delayed by up to 20 minutes.
| Growth with Income | Symbol | Price | Yield (%) | Action | Limit |
|---|---|---|---|---|---|
| Chevron | CVX | 200.00 | 3.42 | Buy | 210.00 |
| Cisco Systems | CSCO | 111.68 | 1.47 | Buy | 117.26 |
| Haliberton | HAL | 34.42 | 1.98 | Buy | 36.14 |
| Invesco Consumer Staples ETF | RSPS | 31.40 | 2.64 | Buy | 32.96 |
| JP Morgan Chase | JPM | 362.84 | 1.54 | Buy | 380.98 |
| RLJ Lodging | RLJ | 10.99 | 5.46 | Buy | 11.54 |
| RLJ Lodging Trust - Preferred A 1 | RLJ-PA | 25.05 | 7.78 | Hold | 25.00 |
| Valero | VLO | 341.67 | 1.32 | Buy | 358.75 |
| Growth | Symbol | Price | Yield (%) | Action | Limit |
|---|---|---|---|---|---|
| Exxon Mobil | XOM | 160.10 | 2.57 | Buy | 168.11 |
| Genomic Revolution Multi-Sector | ARKG | 43.45 | Buy | 45.62 | |
| Golbal Robotics & Automation ETF | ROBO | 84.83 | 0.37 | Buy | 89.07 |
| Invesco Basic Materials ETF | RSPM | 40.37 | 1.73 | Buy | 42.39 |
| Invesco Health Care ETF | RSPH | 36.00 | 0.61 | Buy | 37.80 |
| Invesco Small Cap Industrials ETF | PSCI | 183.88 | 0.52 | Buy | 193.08 |
| Moderna | MRNA | 63.32 | Buy | 66.49 | |
| S&P 500 Equal Weight ETF | RSP | 222.77 | 1.29 | Buy | 233.91 |
| Virtus LifeSci Biotech Products | BBP | 101.31 | Buy | 106.38 |
| Hedges | Symbol | Price | Yield (%) | Action | Limit |
|---|---|---|---|---|---|
| ProShares UltraShort Pro Russell | SRTY | 20.49 | Buy | 21.51 | |
| ProShares UltraShort Russell 2000 | TWM | 20.18 | Buy | 21.19 | |
| ProShares UltraShort S&P 500 | SDS | 53.00 | Buy | 55.65 |
August 1, 2026
It’s a little scary. After 17 years, it is natural to worry if the bull market may be getting tired soon. Price/earnings (P/E) ratios, the standard measure of valuations, are at record highs. We can’t even measure the P/E of the Russell 2000 stocks because more than 40 percent don’t even have positive earnings. The Wall Street darlings, the so-called Magnificent Seven, are at astronomical P/E ratios but they are now taking on debt to finance monumental capital expenditures on data centers. The AI race is looking more and more like the Dot Com bubble of the late 1990s.
July 1, 2026
The healthcare sector has been languishing during the past three years. Returns were close to zero in 2023 and 2024. Some life returned in 2025, but the return for the entire three-year period was far below the rest of the market. The wake of this abandonment has left this sector undervalued and replete with investment bargains.
During this time, the market has been enthralled with the AI boom and ramping up the stock prices of the companies in the race to build data centers. As these companies have become extended, Sound Advice has continued to recommend staying away from the hyper-scalers while investing in unappreciated companies and sectors that will benefit from the proliferation of AI to enhance innovation and production while streamlining costs. Healthcare is clearly one of those sectors.
May 31, 2026
Sound Advice has joined the 21st century! We have a new responsive layout for a smoother reading experience on your phone or tablet. You can also follow links to the original research and sources of information.
In May, it was reported that sharp increases in energy costs caused by war in the Middle East caused inflation to spike to 3.8 percent, pushing the inflation rate even higher above the Federal Reserve’s targeted mandate of 2.0 percent. Wholesale prices also increased, indicating more inflation is in the pipeline. In response, yields on Treasury securities rose, with the yield on the 30-year Treasury bond climbing above 5 percent to its highest level since 2007.
Traditionally, stubbornly high inflation and rising Treasury bond yield is very bad news for stocks. However, the market was not rattled. Why not?
May 1, 2026
Last month we advised not to get sidetracked by the spectacle of the military activities and lose sight of the major trend, which is revealed by our Diffusion Indexes. Since then, the S&P 500 rose to record highs.
We rely on the Sound Advice Diffusion Indexes (page 9) to identify business cycles because they have an accurate track record of predicting major stock market trends for the last 50+ years. They work by observing changes in the most sensitive leading and lagging economic indicators that lead to shifts in interest rates...