Market Analysis- July 30 th , 2019
Current Holdings [ Thoughts on my holdings ]:
SNAP – Stock dropped another 4 percent. I believe part of it is overall market and another part is due to the release of insider stock sake details . When you read the CEO sold at $18 makes you wonder if you should pay anything more than that for the stock . I am going to set a sell target at $18 .
BNN Recap [ Thoughts on Information on BNN] :
- Bruce Murray from Murray wealth group on BNN top picks . He had some really good recommendations. I liked his picks and thought process . He is a large Cap US Investor. Owns his own investing firm where he is the CIO .
- His first pick was Facebook (FB). He believes it is headed toward $230 . Given the management team there , their ownership of Instagram and involvement in Crypto currency it is definitely a stock I would want a position in . I own a small position in it today and wouldn’t mind adding to it .
- His second pick was Enbridge [ENB]. Within the last week I have seen this stock being recommended a second time . I wouldn’t mind buying into this stock if for nothing else but for the yield of 6 percent!
- His third pick was a cruise line . Royal Caribbean [RCL] .It is an industry that doesn’t interest me much so I wouldn’t invest in it .
- A good evaluation of a Investor is the performance of his past picks and Bruce had two picks that returned over 40 percent and 100 percent! His one pick – BMW suffered within the last year but nevertheless seemed to be a good long term pick !
Overall definitely an Investor I would take recommendations from !