By Brian Nelson, CFA
We generally don’t like commenting on pricing performance because it immediately becomes stale, but…
…when was the last time you saw Intel (INTC) up 7% on the trading session?!?! I know I can’t remember, but that’s what happens to Valuentum stocks! Intel’s stock has surged from $24 and change in March to more than $34 per share today on the heels of a strong second-quarter report and outlook (1)…this is a big move for a ~$170 billion market-cap company that pays a nice ~3% dividend yield!
…and now that we’ve let our emotions show. How can we forget about Apple (AAPL)?!?! The iPhone maker is approaching $100 per share, the split-adjusted equivalent of $700 following its 7:1 stock split. The strong price performance is in part a result of Apple’s new arrangement (2) with IBM (IBM). Apple’s market cap is now approaching $600 billion, and it yields north of 2%!
Some have mentioned that they don’t like it when we’re happy about the performance of the stocks in the portfolios, but I just can’t help it today. Both of these companies are included in both portfolios – revealing the conviction we had in both ideas.
Today is a really good day! But most importantly, however, and on a more serious note, I trust that you have benefited greatly from these ideas. All of our efforts are devoted to your continued investing success.
For new members, don’t worry if you haven’t capitalized on the Intel or Apple moves, there will be more ideas coming…that, I promise.
(1) http://www.intc.com/releasedetail.cfm?ReleaseID=859875&ReleasesType=Financial News
(2) http://www.apple.com/pr/library/2014/07/15Apple-and-IBM-Forge-Global-Partnership-to-Transform-Enterprise-Mobility.html