During the first three days of the week the market has dropped big time, rallied back, and once again is giving ground. With the indices within striking distance of new highs the trend remains to the upside and I want to look to buy into new stocks/ETFs on pullbacks.
We issued 2 buy alerts for subscribers of The ETF Bulletin newsletter. One was an ETF that yields 7.4% annually and is up 3% so far this year. The ETF is not popular and the "flying under the radar" status is something we appreciate for our subscribers.
The second buy recommendation was for the Rotation Portfolio; this ETF gives investors exposure to a niche sector with the technology industry. The stocks in this niche have started to turn bullish in the last few months and we felt it was time to take a flyer on this high beta ETF.
We also bought 2 new stocks for our clients at PFG in the last 3 days: a specialty paper company and a high-flying social media stock.
I do feel there could be some more short-term weakness in the overall market, but want to use any pullbacks as buying opportunities into solid long-term plays.
For more on the services Penn Financial Group offers to individual investors please feel free to email us at info@pennfinancialgroup or call the office at 1-877-383-7366.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
No comments:
Post a Comment