Purchased minimal positions of 100 shares in both FMO and ODP on today's massacre- even though the bearish tone of the market suggests otherwise.
ALL- bought at 23, flipped at 27. This is an S&P 5 Star buy, in the insurance sector, and one that I will probably own again. I see some risk to insurers in the form of decreased investment gains which are used to offset policy claims going forward, so I'm a little hesitant to throw my full weight behind them. I'd want to understand the insurers investment portfolio, which would take quite some effort if possible.
JCP, own a 1/3 position, under the thesis that traditional retailers are not doomed and JCP is working etailing. Nice yield, and tracking stock spin off possible in 3q00. I did flip 100 shares not long ago, and failed to add another 1/3 at 13 1/4 as retailers look a bit iffy given a recession would impact sales should personal income get hurt.
ODP is a retailer too, but I was thinking the small business market would be less sensitive. Maybe AR problems if a downturn does occur?
Key- owned it as part of my bank holdings, but currently out. Nice yield, but I just don't see a catalyst here. Probably will own it again.
WM seems to have better support in the market, despite the perception that WM is more exposed to home building/sales via mortgage operations. Until recently, the talk was that new and refinance activity was not responding to rising rates. Just in the past week or two, I have heard comments about some slow down, so maybe WM has a warning somewhere in the near future. I'd probably pick up some shares if I saw the price dip enough.
Always watching T, but I've never managed to get myself to buy it. Would like to own LU, but need to see some blood in the street before I'll enter it, or the other networkers.
One stock that keeps popping up, and I don't quite know why, is ADM. |
