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Bull and Bear Portfolio Update 10.13.2017

October 13, 2017 By Richard Young

Model Guidance: No Changes for the Week

My short-term Bull & Bear Portfolio consists of 9 equally-weighted long positions and 3 equally-weighted short positions. Both the long and short stocks are selected from the Dow Jones Industrial Average. If the Dow advances over the period in which my 12-Dow stock portfolio is open, the model will make money with the stocks that advance and will lose money with the stocks that decline. And the opposite will prevail for the short stocks. Each week, I will review the model portfolio for potential changes. If no changes are required, I’ll simply post no changes for the week. You can read more about my Bull & Bear Portfolio here.

Symbol Description L / S Initial Investment Starting Price Qty L/S Prior Day Close Current Price Current Value % Chg. Day % Chg. Inception
AAPL US Apple Inc Long 10,000.00 165.70 60.34 187.00 187.00 11,283.49 0.00 12.83
CSCO US Cisco Systems Inc Long 10,000.00 44.10 226.81 43.50 43.50 9,857.11 0.00 -1.43
HD US Home Depot Inc Long 10,000.00 177.00 56.49 185.30 185.30 10,470.03 0.00 4.70
INTC US Intel Corp Long 10,000.00 51.50 194.06 54.80 54.20 10,523.97 -1.06 5.24
JPM US Jpmorgan Chase & Co Long 10,000.00 111.50 89.71 113.00 113.00 10,133.67 0.00 1.34
TRV US Travelers Cos Inc/The Long 10,000.00 136.80 73.08 130.70 130.70 9,552.76 0.00 -4.47
UNH US Unitedhealth Group Inc Long 10,000.00 235.10 42.54 243.00 243.00 10,336.08 0.00 3.36
UTX US United Technologies Corp Long 10,000.00 123.10 81.25 124.60 124.60 10,124.31 0.00 1.24
WMT US Walmart Inc Long 10,000.00 87.00 114.97 84.50 84.20 9,683.84 -0.31 -3.16
VZ US Verizon Communications Inc Long 10,000.00 47.90 208.77 47.90 47.90 9,989.56 0.00 -0.10
KO US Coca-Cola Co/The Short -8,000.00 43.70 -182.90 42.30 42.30 -7,736.63 0.00 3.40
CVX US Chevron Corp Short -8,000.00 122.30 -65.41 129.50 129.50 -8,467.66 0.00 -5.52
DWDP US Dowdupont Inc Short -8,000.00 66.04 -121.14 68.16 68.16 -8,256.81 0.00 -3.11
MRK US Merck & Co. Inc. Short -8,000.00 58.83 -135.99 59.07 59.07 -8,032.64 0.00 -0.41
IBM US Intl Business Machines Corp Short -8,000.00 144.90 -55.21 144.50 144.50 -7,977.92 0.00 0.28
Longs 100,000.00 101,955.00 -0.14 1.95
Shorts -40,000.00 -40,471.66 0.00 -1.17
Generated by wpDataTables

Featured Company: 3M (NYSE:MMM)

Back in 1902, five men came together to found the Minnesota Mining and Manufacturing Company. Their target that day was corundum, an extremely hard mineral that can be used as an abrasive. Their first mining operation, called Crystal Bay, didn’t turn out very well. The men however endured the failure and continued on, developing other products and materials to sell.

In 1907 a man named William McKnight would join Minnesota Mining and Manufacturing Co. (later known as 3M) as an assistant bookkeeper. No one knew then that McKnight would change the company and its culture forever. The assistant bookeeper quickly rose through the ranks, ultimately becoming 3M’s chairman of the board in 1949. McKnight would firmly establish the core philosophy of innovation and collaboration at 3M.

Innovation has been at the heart of the 3M’s business model since the very beginning. Along the way the company would make a number of product breakthroughs; developing masking tape, the first waterproof sandpaper, the Thermo-Fax copying process, Scotch-Brite Cleaning Pads, Scotchgard Fabric Protector, videotape, and innumerable other new products and processes for making people’s lives easier. Today there are over 60,000 products from 3M in homes, businesses, schools and hospitals around the world.

3M isn’t satisfied to sit on its accomplishments of the past. The company is innovating for the future. Today 3M scientists are developing new nanomaterials for dental work, polarizing films to protect smartphone screens, and hundreds of other technologies to make lives easier.

3M has paid a dividend every year since 1916 and increased its dividend every year for over half a century. Today the shares yield 2.2% and I am looking for dividend growth of almost 6% in 2017.

Related

Filed Under: Dow Bull and Bear Updates

Compensation was paid to utilize rankings. Click here to read full disclosure.

 

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The information contained here is for informational and educational purposes only. It is not intended nor should it be considered investment advice or a recommendation of securities. Past performance is not a guarantee of future results. It is possible to lose money by investing. You should carefully consider your investment objectives and risk tolerance before investing.

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