Took gains in UPRO (S&P 500) & MS (Morgan Stanley) after sending out our last alert. We swapped into BlackRock (BLK) because the risk/ reward and dividend (2.8%) was better. They are also a leader in the fast growing ETF (Exchange Traded Fund) business owning nearly half of the market share. Investors, permanately scarred from the past 6 years, will be interested in these new ETFs because they provide more protection than an individual stock. If the market is going higher in 2013, then this is a good bet on people going back into equities (stocks). We also initiated a new tech position- Facebook (FB). More on that to come.
S&P 500 finishes the week on a positive note. The 20 day (green line) continues to act as support.
Trades at 15x forward earnings but historically trades at 17x earnings- So still cheap. Nearly a 3% dividend..what’s not to like.
Stock Advice | Stock Market Analysis | Stock Market Tips | Top Stocks
