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Strategies & Market Trends : Value Investing

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E_K_S
To: Paul Senior who wrote (64691)8/25/2020 12:41:06 PM
From: Paul Senior1 Recommendation  Read Replies (2) of 78959
 
AMGN/PFE. The keepers of the dow index announced they kicked PFE out of their index and are replacing it with AMGN. That popped AMGN --- up now about $12, and dropped PFE about 60 cents.

I close my AMGN position. With a view that today's $10-12 point rise is not called for and the stock might (maybe?) drop back. I can always buy back in. (Haha). I'll also open a position a PFE. PFE has a better dividend yield than AMGN, but AMGN a better grower in several respects. I've followed AMGN and like how they treat shareholders. PFE, I don't know, but apparently it's a company more diversified (safer?) than AMGN. Fwiw Tipranks rates both companies (before the AMGN/PFE news I believe) as "moderate buys".

finance.yahoo.com
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