- https://seekingalpha.com/article/4092372-s-and-p-500-weekly-update-positive-earnings-bonanza-produces-new-market-highs I love articles with this much data and summarizations. The authors are not necessarily pushing in any one direction, but calling your attention to data, patterns and probabilities. They leave it up to us investors to use their data collection and analysis. My reactions and actions are aligned here. I rotated out of very high priced companies in the Radar Positions 2 and 3 where growth was limited and the current income replaceble with lower priced companies with better prospects, e.g., Telecom and Retail were my most recent purchases.
- Here’s a look at back-tested models. I am not sure i have that confidence in models of prediction based on historical data – explains why i am much more comfortable investing in companies’ equity or bonds and not trading their stocks or futures. https://www.cantabcapital.com/we-think/trend-is-not-your-only-friend
- Seeking Alpha writers covered a few of my ‘watching closely’ list
- MSFT – (this is one of the best summaries of ‘why Linked In’ and goes to a deeper strategy) https://seekingalpha.com/article/4092398-microsoft-dynamics-enterprise-software .
- CSCO – for dividend investors and others – (i will be adding more if price gets into ‘value’ space; that guardrail i have not yet established – on the ‘to-do’ list – https://seekingalpha.com/article/4092272-cisco-dividend-stock-analysis
- JNJ – i do not share the author’s enthusiasm at this entry point, but would add to my position at right entry (current cost basis is $89 and it’s 4.86% of taxable portfolio) – https://seekingalpha.com/article/4092490-johnson-and-johnson-recent-dip-creates-opportunity-dividend-growth-investors
- Brian is the person i listen to around earnings …. his commentary on forward looking earnings conference calls is priceless – http://fundamentalis.com/?p=7076
- Here is another good S&P review and read together with Brian is good – https://seekingalpha.com/article/4092471-breaking-bull-market
I am fairly comfortable with my current holdings. I have >15% cash in taxable, and plenty of dry powder in nontaxble accounts as well. I will continue to look for opportunitistic profit taking in the Radar Position 2 companies, and writing covered calls for some others. Over the next few weeks, i think the 10yr Treasury is the key indicator and it will be watched carefully … i read somewhere this weekend that 2.4% on 10yr is a critical point. that is about the point where i am willing to take positions in the 7-10yr durations – investment grade muni and corp (not sure about treasuries).
For new positions or building existing ones, the favorites remain (pending logical entry points): STAG, QTS, MSFT, SWKS, CSCO and APPL. Of all these, MSFT is probably my favorite. Shorts being considered though too early on all 3 right now: THO, NFLX and NVDA.