Tuesday, December 8th, 2009
The markets this month have been especially boring- that’s not necessarily a bad thing. Remember that the market as measured by the S&P 500 has rallied more than 50% since March lows.
Through last night, the Dow was ahead .42%, the Nasdaq .80% and the S&P 500 better by .82%. Given the futures indicating a modestly lower opening in about an hour, its possible that by the end of the day these market measures could be flat.
We have seen a move to health care and consumer non-durables this month. Johnson & Johnson (+2.4%), Pepsi (3.2%), Diageo (2.9%), Baxter (2.6%) and Verizon (5.7%) all have outperformed the market. We see this as a gentle shifting away from the more economically sensitive companies mainly because those have been the best performers from the market bottom.
Our advice is to remain diversified both in the stock market as well as by adding some fixed income to your portfolio.
Any specific stocks named in this presentation may not be representative
of current or future investments in the portfolio to which they belong.
You should not assume that investments in the securities identified
were or will be profitable. We will furnish, upon your request,
a list of all securities purchased, sold, or held in the portfolio
during the twelve months preceding the date of this presentation.
Please note that all data is for general information purposes only and
not meant as specific recommendations. The opinions of the authors are not a
recommendation to buy or sell the stock, bond market or any security
contained therein. Securities contain risks and fluctuations in
principal will occur. Research any investment thoroughly prior to
committing money or consult with your financial advisor. Please note that
Fagan Associates, Inc or related persons buy or sell for itself securities
that it also recommends to clients. Consult with your financial advisor
prior to making any changes to your portfolio.
©2013 Fagan Associates, Inc. All rights reserved.