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Market Summary:
The major indices are all trading lower at midday, giving back some of yesterday's lofty gains, with the Nasdaq once again being under pressure, similarly to last week's trends. Treasury yields remain in the spotlight following an overnight selloff in risk assets which was sparked by the words of a high-level Chinese regulator who said that he is worried about the "bubbles" in the U.S. and European markets.
Yields rallied in the wake of the Chinese comments, and while rates turned lower during the morning session, investors continue to be nervous due to the growing risk of tightening monetary conditions. Target (TGT) reported bullish earnings and revenues in pre-market trading, but as the firm skipped this year's guidance due to the pandemic-related uncertainties, its stock lost considerable ground in early trading.
Stock Pick Summary:
With the market seeing a sharp pullback over the last week, we are beginning to see opportunities within our prolific portfolio, which has held itself relatively much stronger than the overall market even after the recent carnage. As long term investors, we are not at all worried about the market mood swings and will continue to invest in top businesses for the long term.
Today, we are strengthening our stake in one of our recent winning pick and the rationale offered then still holds true. If you do not own this stock, consider opening a new position. If you already own some, consider picking up some more today. If you are already over invested in this stock, consider investing in other opportunities in our portfolio.
Risk Meter:
Allocation Guidelines:
We don't recommend over investing in any stock. Consider starting with a small amount, say 2-3% of your portfolio's overall value, and add a little at a time.
You could invest as low as $200-$500 on a pick, and even buy just 1 or 2 shares, if you are new to investing, low on cash or just prefer going slow.
For best results, have an intention to hold your position for at least 2 - 3 years in general. However, you can always lock profits sooner if you prefer as every investor has a unique portfolio and different goals.
Consider investing in our multiple stock picks (the more the better).
The most successful members look to mirror our portfolio as much as possible.
Besides the new stock pick, you may also consider diversifying amongst some of the earlier picks from our market crushing portfolio.
Be patient and don't allow daily market swings to unnerve you. Remember, we have a pristine track record over last 10 years, so Buzz with confidence and patience.
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