We are adding a position in the global food and beverage company, which has been a star performer in 2014.
We will not be publishing a Weekly Summary today.
We look at charts of MMM and UNP, recently added to, and ADP.
The upside to the quarter was mainly attributable to a stronger-than-expected operating margin.
Both names recently posted solid earnings results and currently have attractive fundamental and technical outlooks.
But the company is on the right track.
With earnings season over, there will be fewer market distractions.
An overblown selloff is a chance to load up.
The reaction to softness in gross margins is grossly overdone.
Revenue and earnings beat estimates, and the company raises guidance.