New Highs on Strong Earnings

Today was another good day for the Buy List. Our 20 stocks gained 0.45% today compared with a 0.01% loss for the S&P 500. This is the fourth day in a row that we’ve beaten the market. Our Buy List is now up 22.93% for the year compared with 18.20% for the S&P 500. Interestingly, this is the third day in a row that the S&P 500 closed with a 1,685 handle.

Our big winner today was obviously Fiserv ($FISV) which closed the day at $96.24 or 4.03% higher. At one point today, Fiserv came within 12 cents of $100 per share which was a gain of 8% on the day. This is what a good earnings report will do.

AFLAC ($AFL) also rallied on its earnings report, although I feared the stock was going to lose ground today. Shares of AFL got as high as $62.55 today which was a new 52-week high. At the close, AFLAC finished at $61.68 for a 1.36% gain. The AP noted that analysts are still favorable on the stock.

WEX Inc. (WEX) also hit a new high today thanks to its earnings report. WEX got as high as $88.59 today before it closed at $86.94 for a 1.25% gain. In the last three months, WEX has gained 28%.

We also had new highs from CR Bard ($BCR), Harris ($HRS) and Bed Bath & Beyond ($BBBY), plus Stryker ($SYK) and Medtronic ($MDT) came very close to new highs.

Posted by on July 31st, 2013 at 9:28 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.