No stock picks today – will probably be selling some equity next week if the Bull keeps running.
Markets are off to the races today with a good jobs report:
- Business Insider – JOBS REPORT CRUSHES EXPECTATIONS
- Bloomberg – Upbeat Jobs Data Doesn’t Guarantee September Hike
On the flip side – cautionary tale from Bristol-Myers Squibb today:
Stock is down huge after the report (BMY). This is why it is important to only buy individual stocks with a large Margin of Safety. Before the report – the stock was trading about even with its intrinsic value based on current cash flows.
Taking off early today – enjoy your week end with good music:
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