The market continues to melt up for no apparent reason – Friday’s Jobs Report is in the rear view mirror:
- Business Insider – HSBC: Stocks look like they could ‘melt up’
If the market continues to rise – I will be looking to pare my equity holdings further, selling into this strength. I will not be selling my GILD shares – still feel they are the best value in this market, and a good long term investment.
For the Stocks to Own screen – we have the same stocks as last time – only more expensive:
| Ticker | Price | Fair Value | Margin of Safety | Yield % |
| AMGN | $150.18 | 194.00 | $43.82 | 2.4% |
| WMT | $69.88 | $75.00 | $5.12 | 3.1% |
| MMP | $71.31 | 76 | $4.69 | 4.4% |
Click on the links to research further.
Results are based on the following screen:
- Low fair value uncertainty.
- Wide moat.
- Morningstar rating 4 or more stars.
- Financial Health Grade >= B.
- Current P/E <= 20.
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