| | | Hi ETF....following are two examples of companies changing direction.
General Electric (GE) is selling off the financial business and also the appliance business. The have bought more manufacturing business from the French. (Alstrom). GE will be a heavyweight in manufacturing. (Gas Turbines, Trains, jet engines, MRI machines etc). These are high growth areas that the stockholders want to be in.
Jerome, looks like the 3 top advisors (over the last 15 years) that Mark Hulbert follows in the Hulbert Financial Digest all own GE, along with you.
"..........market timing is rarely even attempted by the advisers who have made the most money over the past 15 years. The three top performers over this period, among the 200 advisers monitored by the Hulbert Financial Digest, are the Investment Reporter, edited by Marc Johnson; the Prudent Speculator, edited by John Buckingham; and the Turnaround Letter, edited by George Putnam."
"Three stocks currently are held in each of these advisers’ model portfolios. One is industrial conglomerate General Electric (NYSE:GE) , with a P/E of 17.7 based on the past 12 months’ earnings, compared with 18.8 for the S&P 500. GE also sports a dividend yield of 3.5%, compared with 1.9% for the S&P 500......"
The other two stocks that each of these three advisers currently owns are in the pharmaceuticals industry: Johnson & Johnson (NYSE:JNJ) and Pfizer (NYSE:PFE) . Johnson & Johnson has a trailing P/E of 18.2 and a dividend yield of 2.8%. Pfizer’s P/E is 17.5 and its dividend yield is 3.7%."
Jerome, you're in good company
marketwatch.com
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