|Day Low/High||100.78 / 102.04|
|52 Wk Low/High||88.64 / 107.84|
We initiated 2 new portfolio positions this week, as odds for a March rate hike increased.
Volume levels in the stock of the spice maker have swelled of late, a sign of institutional interest.
We said good-bye to one position and trimmed 2 others as all major indices closed higher once again.
We added one new position to the portfolio and bolstered the Bullpen as the market continued its grind higher.
Once again, a number of our One-rated positions outperformed a rising overall market this week.
MKC is ready to once again test key resistance; it could break higher or fail once again.
It was a busy week of earnings for the portfolio as the market ended up largely unchanged.
The portfolio had several outperformers during the first week of the new president's term and somewhat mixed earnings.
The most recent short interest data has been released for the 01/13/2017 settlement date, which shows a 831,411 share decrease in total short interest for McCormick & Co Inc , to 4,648,642, a decrease of 15.17% since 12/30/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
The spice maker is 'priced to perfection' but missed estimates.
We continue to like the underlying business case at McCormick.
Remember the old saying "the business of America, is business"? This is what we were all taught on the way up.
We expect more value to develop in the markets as we enter the heart of earnings season and put the inauguration in the rear view mirror.
Cajun Hot Sauce, Korean BBQ Marinade, new offerings bring serious flavor to the grill and kitchen
Earnings season heats up next week as Donald Trump is sworn in as president.
We initiated one new position and trimmed/added to several others as December-quarter earnings season kicked off.
The market continued its run as the new year started, with a number of portfolio positions showing nice advances.
With its break of the 'neckline,' the stock has room to move back above $100.
As 2016 comes to a close, we have ample cash in the portfolio to take advantage of any near-term pullback in the market.
We used available cash to scale into 2 portfolio positions before the Christmas holiday.
We are putting some cash to work to scale into these two positions given the favorable fundamentals we see for both companies.
These three stocks are basing and look ready to break to the upside.
During a week that brought the long-awaited Fed interest rate increase, we exited one portfolio position.
During the week, we downgraded one stock's rating and exited a position as indices showed mixed performance.