Hope all is well - been out of town over these few days but have been posting. As for the market, it looks to be moving sideways with 3Q earnings starting now. General Mills (GIS) just destroyed earnings and raised guidance this morning, which is a good sign to me for Proctor & Gamble (PG), as well as the consumer since the strong earnings may be indicating consumers are spending more on branded products.
As for value in this market, it's hard to find but I am finding stuff I want to buy. I added some Global Construction Industrial yesterday in FLR and will add another Industrial today, to have 3 in total. Currently HON and FLR are my 2 industrials. I will also add some semiconductors. I add MU last week, in healthy size and believe it will march higher.
I will also add to my WY below cost and PG. I believe PEP and PG should trade higher by Christmas and pays great dividends. WY is tied to the economy and housing, so if we tank, it will tank; however, I think it could explode to the upside.
Other retailers/services I am looking at are: HD, EBAY, and LOW.
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