I did some buying today, added in small lots to the following companies:
TSLA .. NEE .. HD .. MA .. WSM .. TROW .. TSCO .. ADP .. SO .. TXN.
TROW has been a hot topic over the last couple of days, and I understand that in the short term there is going to be selling pressure as money continues to flow out of the investment firms. I don't know when that selling is going to stop so I am going to continue adding in small amounts as long as TROW can grow earnings and revenues.
Earnings growth is supposed to slow down this year but it's still earnings growth, and as long as earnings continue to grow, even on lower expectations, then the time will come where companies actually earning money will see their prices reflect that, so I'm going to build the position while it is down.
I still consider NEE the cream of the crop in utilities even if they are not considered the top choice by firms for 2022. I think AEP is more heavily favored, even XEL. I own both but am adding to NEE at this time.
HD or LOW, it doesn't matter to me, I own both, it was HD's turn. How's that for scientific research? I also added to TSCO which I include in this group of home improvement stores. I expect to keep and build all 3. TSCO had a terrific earnings report and increased the dividend more than 70%.
MA or V? MA was my choice and has been for a number of years, a strong performing company that continues to perform.
WSM is a buy the dip purchase as it has corrected 34% from its 52 week high turning it into a value play.
SO is an income based asset I chose to add to, TXN is a play on semi-conductors, a sector I think will show long term growth and ADP is a play off higher employment at some point. There will always be a place for HR resources.
I'm not through buying, I'm waiting for further earnings announcements before deciding where to add more shares. BMI and LYB announce after the close so they are "potential" buys for tomorrow along with BMI which announces tomorrow. |
