I remain optimistic over the next 3-6 months. Let’s face it, the naysayers have been consistently wrong about Market direction. Protestors stormed the Capitol, US COVID death toll has exceeded 400k, tomorrow Biden will become the 46th President…and Markets are at or near record highs. The COVID90 portfolio has done extraordinary.
Since I’m in a great mood, I wanted to honor our new leader with a portfolio of 46 stocks to celebrate his inauguration. But alas, even with my high level of enthusiasm, I only felt comfortable with 24 stocks that I thought still had some COVID rotation inertia.
Putting aside irrational exuberance, the EASY MONEY HAS ALREADY BEEN MADE. But that doesn’t mean there’s an impending correction. Especially since SOOOOO many investors are still sitting on the sidelines. I’m constantly hearing that “the market is too high”, from the same crowd that 6 months ago said, “the market is too low, and going lower”.
So scraping the bottom of the COVID recovery barrel, I bought the following:
AKAM Akamai
DNB Dun & Bradstreet
DXCM DexCom
HTLD Heartland Express
LLNW Limelight Networks
LMNX Luminex
LMT Lockheed Martin
MHH Mastech Digital
MMM 3M
MRCY Mercury Systems
NEPH Nephros
VZ Verizon
And as a hedge, to round out my otherwise fairly aggressive portfolios, the following Utility stocks were also added:
BKH Black Hills
HE Hawaiian Electric
NI NiSource
NJR New Jersey Res
NWE NorthWestern
OGE OGE Energy
OGS ONE Gas
PNW Pinnacle West
POR Portland Gen Electric
SJI South Jersey Ind
SWX Southwest Gas
UGI UGI
As always, invest with caution and a healthy dose of sarcasm.
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