Recent purchase – The Madison Square Garden Company(MSG)
Guys, I own a piece of the Knicks now! I’ve always been a basketball fan and the recent purchases of NBA franchises at increasingly higher prices has led me to take a closer look this stock. There aren’t a ton of ways to invest in sports teams with only a few publicly traded companies offering investors an opportunity to do that and MSG is one of those. My recent portfolio update showed me lagging behind on my mid-cap allocation and MSG fits that criteria with a market cap just above 5B. The stock has had a solid year and is up 24% YTD. I never looked at the stock before but the…
My portfolio – September update
Hi and welcome to another monthly portfolio update. We’re moving into Q3 earnings season now with a solid 2nd quarter behind us. Solid earnings lead to solid performance as the S&P 500 is up nearly 10% YTD which has meant good things for our portfolios. According to Factset, for Q2 2017, the blended earnings growth rate for the S&P 500 was 10.3% which was higher than end of June analyst projections. This was one of the first times I’ve seen that happen in quite some time. Energy was the biggest grower and really drove a good chunk of that overall rate but every sector was above 0% this time around.…
My portfolio – August update
It’s time for another exciting portfolio update! Earnings season continued to accelerate this month with more than 90% of S&P 500 companies reporting Q2 results by now. The news has been largely positive as Q2 growth rate has come in at a solid 10.2% and will likely beat the 6.5% projection I referenced in my last portfolio update. Revenue growth was solid solid with a 5.1% rate. That all seems like good news but the stock market has had a largely muted response to the good results. Part of that is driven by the fact that the stock market is already aggressively priced and part of that is driven by…