|Day Low/High||15.66 / 16.36|
|52 Wk Low/High||15.00 / 41.76|
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.
We added one new position to the portfolio in a week dominated by the upcoming Brexit vote.
The central bank is telling us that any eventual move upward in rates will be 'gradual.'
Our first inclination is to do no harm to the portfolio, which is why are careful in taking new positions, as we did this week in Alphabet.
We've got plenty of cash on hand to take advantage of any "June swoon" decline in the stock prices of quality companies.
Investors are likely to shift their focus to safer-haven, inelastic business model companies and dividend payers.
We are likely to see current-quarter GDP forecasts reduced.
Costco was the portfolio's big winner this week, with most of our other names making small moves.
Several of the names slipped this week as we added to our ProShares Short Russell2000 position.
Oil and the Federal Reserve have been running the markets, Cramer says.
Pet-care stocks have weathered market instability in recent months, Bob Lang tells Jim Cramer.
Looking at the universe of stocks we cover at Dividend Channel, on 5/18/16, PetMed Express Inc will trade ex-dividend, for its quarterly dividend of $0.19, payable on 5/27/16. As a percentage of PETS's recent stock price of $18.80, this dividend works out to approximately 1.01%, so look for shares of PetMed Express Inc to trade 1.01% lower — all else being equal — when PETS shares open for trading on 5/18/16.
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