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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (1061)	8/8/2022 4:37:01 PM
From: chowder	2 Recommendations Recommended By Menominee red cardinal Respond to of 21895

Re: Old Folk Portfolio ... Add On Buys Today's objective was to continue building up some of the smaller positions so that they too can become full positions eventually. I added to: CMI .. FDX .. TSCO. CMI -- Morningstar says Cummins’ Q2 results show demand for products remains solid. CFRA has a Strong Buy on CMI and raised their 12-month target to $277 from $261. Both firms consider them undervalued. FDX -- Morningstar says FedEx’s B2C package volumes normalizing, but pricing power remains healthy. CFRA also has a Strong Buy rating on FDX. Our Strong Buy rating reflects a view that FDX will grow earnings faster than the S&P 500 over the long term, with shares therefore highly undervalued at just 9x consensus FY 23 (May) earnings, a discount of 40% to the S&P 500 multiple. TSCO -- Morningstar says that over the next decade, they think Tractor Supply should be able to generate 6% topline growth, benefiting from location growth, higher pet penetration, and increased conversion stemming from dynamic marketing to loyalty participants. CFRA says the company has embraced the rise of the omni-channel business model by improving its website, mobile app, and expanding to one day delivery, leaving the company well-positioned for future growth. Over the next twelve months, they see continued execution of its long-term strategic plan to open new stores (80 Tractor Supply & 10 Petsense in 2022) and tailwinds from the recent pet adoption trends; primarily in the consumable, usable, and edible category