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At Wilsey Asset Management, our main goal is to help educate our clients through the difficulties in the financial world.

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Individualized Concentrated Value Portfolio

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Blog

Latest Blogs


Amazon & Google Compete

Dec 6th, 2017

Amazon and Google may be some of the most loved stocks over the last few years, but right now there appears to be no love for each other. The companies are battling in various businesses which include hardware, content, cloud computing, and digital advertising. As competition heats up the companies may take actions to try and increase its own reputation. In a recent example, Google is removing YouTube from Amazon’s devices. This comes after Amazon refused to sell Google’s Chromecast, Home smart speaker, and other hardware. Be careful with investments in these two companies as valuations are high and competition should continue to heat up.

Booming Economic Evironment

Dec 5th, 2017

CEOs are feeling optimistic about the current economic environment. An index measuring responses from 150 CEOs advanced to 96.8 from 94.5. This is the highest reading since 2012. Capital spending which can help drive the economy through company investment increased to 92.7 from 86.4 and produced the highest reading since 2011. CEOs indicated that labor costs were the top cost pressure. As the labor market tightens, employers have to pay more for top level employees. We believe this will continue to be a problem for employers. This is still a benefit for the economy as employees have more money in their pocket. This was the first time in 6 years that regulatory costs did not top the list of cost pressures. The economy is alive and well and it is important to find the right companies that will continue to benefit from this stock market rally.

Cuts in Oil Output Extended

Nov 30th, 2017

As many expected, OPEC and non-OPEC producers which includes Russia agreed to extend the oil output cuts through the end of 2018. This action will attempt to clear the excess surplus and re balance the oil market. The agreement did not have a major impact on oil prices as much of the news was anticipated and concerns linger about U.S. production replacing the cuts. It is also important to remember that many places in the Middle East pose risks of disruption which would benefit oil prices. We still believe long term oil prices will find a home in the $60-$70/barrel range and that there are some great value opportunities in the energy sector.