CWS Buy List +4.74% YTD

The Dow broke 12,000 today for the first time since June 20, 2008. However, the index closed the day just below the mark at 11,985.44. The S&P 500 got as high as 1,299.74 but closed at 1,296.63 which is its highest close since August 28, 2008. So we came very close to a double milestone day.

The Buy List rose by 0.46% today which slightly beat the S&P 500’s 0.42%. For the year, the Buy List is now up 4.74% to the S&P’s 3.10%. I hope we’re on our way to our fifth-straight market-beating year.

Today was another good lesson on the benefits of diversification. Even though Abbott Labs (ABT) got knocked down today by 2.52%, other stocks picked up the slack. Moog (MOG-A), for example, hit a new 52-week high. So did Deluxe (DLX) and AFLAC (AFL). I was happy to see that AFL got as high as $58.79. I said it was going to make a run for $60.

I should add that I have no idea why ABT dropped 2.5%. It’s still a very solid stock.

I’m also happy to see Ford (F) back above $18 where it belongs.

The big winner today was Gilead Sciences (GILD). By the closing bell, shares of GILD had gained $1.50 which was close to 4%. Again, I don’t know why Wall Street reacted this way. Gilead only beat by a penny. The reason why GILD should be rising is because it’s very inexpensive. Anyway, I won’t argue with stocks heading in my direction.

Posted by on January 26th, 2011 at 7:47 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.