It was a wild week for the market. Between Wednesday and Thursday, the Dow fell over 1300 points. It was a steep decline, but also an opportunity to buy additional shares. In this case I added a new stock to my portfolio; Chubb Limited (CB). The company was on my radar for a while because of their global presence, diversified product lines, and … [Read more...]
Recent Buy: Waste Management
Some companies are truly forever companies. Retailers like Target can be disrupted by consumer preferences, economics, or Amazon. Even tech kingpin Apple could fall victim to a higher quality, more innovative smartphone. In these cases, we need to really keep an eye on industry developments, economics, trends, and whatever else is going on in … [Read more...]
Recent Buy: Medtronic
I finally went ahead and added a new company to my portfolio. We are, again, under the threat of a trade war. Therefore, I’d rather buy a company less likely to be hit by such a dispute. This led me to buy 23 shares of Medtronic (MDT). Medtronic is the world’s largest manufacturer of biomedical devices and does business in 120+ countries. … [Read more...]
Philip Morris gets Smoked
Philip Morris recently reported earnings and shares have been in a freefall. The stock fell nearly 18% towards the end of the week. PM is now trading around $84/share down from $120 last summer. This was due to falling cigarette volumes and a perceived slowdown in demand for reduced risk products. On the bright side, the dividend has been … [Read more...]
Correction!
The stock market entered correction territory last week. The Dow dropped over 1,000 points on two separate days. Even on Friday it was a bumpy ride. At lunch time we were down 500 and by 4pm we were up over 300. According to analysts, the correction had to do with rising interest rates and a market that might have been “too hot”. After periods … [Read more...]
Recent Buy: Bank of Nova Scotia
The Dow is near 25,000 and the tax bill is being voted on today. All signs point to a healthy economy from GDP of 3.3%, to strong retail figures, and record high consumer confidence. Even so, I believe investors are becoming euphoric. Earlier I mentioned when to sell based on historic P/Es, dividend yields etc. If stock prices rise any further, … [Read more...]