Watching and Waiting
This continues to be a time to look out for value opportunities. Pfizer and certain financials continue to look tempting, but we are biding our time and seeing if pre-holiday low volume may afford a chance to get in at lower prices. REITs continue to be strong so we are not putting any cash there pending a pullback. Market holding up well here, in general, so we continue to look for under followed small-caps that could spike if economic recovery takes off into the fall.
- posted by Jay @ 7:19 PM

 
Sticking With Value
Today's market action featured a comeback in values after languishing for most of the day. Positions in our accounts were no exception, with most starting lower and then reversing. This entire week will likely not establish much direction given low pre-holiday volume. We continue to feel comfortable here with our value-oriented positions, particularly ones sporting relatively high dividends, such as Tupperware (TUP) and Dow Chemical (DOW). As for new opportunities, drug stocks, particurly Pfizer (PFE) under $30 and financials such as Wells Fargo (WFC) look to be good investments for the next 6-9 months, as they are temporarily out of favor. Some small-cap and international stocks with relatively low PEs, such as Tyler Tech (TYL) and Royal Dutch (RD) also continue to look interesting at current levels.
- posted by Jay @ 5:45 PM