Gordon Reid is president and CEO of Goodreid Investment Counsel. His focus is U.S. equities.
Latest Purchase June, 2015 @ $47
Verizon is as much a tech company as a telecom, as demonstrated by their exit from the wireline businesses in California, Texas and Florida as well as their purchase of Vodafone's interest in their wireless joint venture, VZ is focused on delivery of video and data to complement their voice offering.
Wells Fargo (WFC)
Latest Purchase June, 2015 @ $57
This bank is the most tied to the domestic economy and housing market. With improving loan growth, rising net interest margins and excellent management, Goodreid believes this bank will be a top performer in a strong sector.
Latest Purchase June, 2015 @ $60
Tenneco is a manufacturer of exhaust and ride control systems. While foreign exchange headwinds are temporarily slowing earnings growth, this company has a solid future as emission standards are tightened, the world's automotive market recovers, and the company's internal operations become more efficient.
Past Picks: June 26, 2014
Walgreen Boots (WBA.Q)
Then: $74.23; Now: 85.88; +15.69%; Total Return: +17.51%
Then: $208.96; Now: $69.01; +32.01%; Total Return: +32.98%
Then: $14.47; Now: $13.21; -8.71%; Total Return: : -8.71%
Total Return Average: +13.93%
The impending U.S. Fed rate increase will likely be a "one and done" event. However, there is growing evidence that the bond market is finally ready to take the reins and move the curve to reflect its opinion of economic health. Investor sentiment is decidedly bearish, which as a contrary indicator, bodes well for short term market moves. Europe remains a worry and a risk, not only structurally, but also as it rolls out its version of Quantitative Easing.