|Day Low/High||20.35 / 20.53|
|52 Wk Low/High||14.53 / 20.61|
Most of the portfolio got caught in this week's downdraft, though we used weakness to add to our position in Sherwin-Williams.
We added no positions this week, although we scaled up our position sizes in both Costco Wholesale and United Parcel Service.
We eliminated our position in Fortive but bulked up our stakes in recent newbies Sherwin-Williams and Whirlpool and added Nike to the portfolio.
The bull flag is ideal for those who want to increase their position.
This week Whirlpool jumped into the portfolio pool, where it joined recent additions Sherwin-Williams and International Flavors & Fragrances.
This week we promoted International Flavors & Fragrances from the Bullpen and added it to our active portfolio, where it joined recent newbie Sherwin-Williams.
TheStreet's Jim Cramer says the humanization of pets is a growing investment opportunity.
The humanization of pets has sent spending soaring, which has some pet-related stock seeing major benefits.
We welcomed paint maker Sherwin-Williams into the Trifecta portfolio fold this week.
Looking at the universe of stocks we cover at Dividend Channel, on 8/4/16, PetMed Express Inc will trade ex-dividend, for its quarterly dividend of $0.19, payable on 8/19/16. As a percentage of PETS's recent stock price of $20.85, this dividend works out to approximately 0.91%, so look for shares of PetMed Express Inc to trade 0.91% lower — all else being equal — when PETS shares open for trading on 8/4/16.
Favorable results from Alphabet and PetMed Express led us to raise our price targets on those stocks.
PETS has been a winner for the portfolio and a pullback would set up a nice buying opportunity.
At best, the stock should be priced at around $18, or 12% lower.
We suspect Wall Street will be boosting its expectations for the back half of 2016.
In a week that saw the market continue to rise and several strong performers in the portfolio, we exited one position and trimmed another.
Cramer is faithful to pet care drug maker Zoetis and he prefers Danaher over its split-off sibling Fortive.
Johnson & Johnson was easy, Cramer says, but other stocks were more problematic.
Most of our portfolio names did well, though we did downgrade AT&T and Costco to Twos from Ones because of the moves higher in their shares in recent weeks.
UPS, Alphabet, Foot Locker and other holdings should benefit.
This week we booked a profit trimming one position while another holding effected a planned spinoff.
When the going gets tough, investors should snuggle up to the stable pet industry.
Ongoing uncertainty gave a boost to some of the portfolio's more defensive names, including AT&T and Randgold Resources.
Our inverse ETFs and Randgold Resources were solid performers this week thanks to today's Brexit-inspired market turmoil.
How it affects the Trifecta Stocks portfolio, and how we are playing it today and going forward.