Equities

CVS is looking good today

Apr
19

Today CVS fell below $75 and I picked up shares at $74.11.  The thing with CVS is that they have a mid 20's P/E, but their earnings are low only because they had a one-time big payout for the opioid epidemic. Without that charge, their P/E would be around 13.

 

 

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The equity markets are looking tired. Are we rounding the top of this cycle?

Apr
14

JP Morgan came out with good numbers today, much better than the market expected.  The stock was up about 6% in pre-market trading.  I'm skeptical about this short-term “showing”.  JPM is as subject as any bank to the inversion of interest rates.  They may have gained as depositors fled from regi

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Copyright 2017 Mark T. McLaren