Meeting minutes for 7/18/19
Attendees: Grant, Nicky, Craig General: Craig will miss August. Grant/Nicky may miss September. Sells: LEA Pitches: Roku MSFT – add to Buys: Roku MSFT
Month: July 2019
$MDB Stock Update
MongoDB is a recently acquired stock that I’m very excited about. Being a Software Engineer and this stock being right up my alley, this is a stock I am very familiar with. Being familiar with a stock as one of it’s target market users is definitely a leg up, I’m able to confidently say that …
$COST Stock Update
Costco has also been on a tear lately, up 30% this year, and beating earnings back on 5/30 $1.89 to $1.82. Costco has outpaced the market so far this year, and expectations are for this to continue. Costco’s continue to rise is attributed to the long bull market, and high consumer confidence. Trade and softening …
$MSFT Stock Update
Microsoft has been on a tear, and continues on a very attractive trend. So far this year, we’re looking at 34%. Not too shabby for a trillion dollar company (yes, trillion. Microsoft is market cap is currently at 1.040T.). They are not the most valuable company in big tech. Microsoft has made some major moves …
$BRK-B Stock Update
Berkshire Hathway fell a bit from May, recovered, and recently fell some again leading us to where we were at in May. The biggest news to come from Berkshire Hathway is the alleged wrongful firing of a Wells Fargo executive over the bank’s participation in purchasing Burger King. The case will be going to court, …
$WM Stock Update
The club is up 14% since purchase in May. WM will be looking to display strength as it nears its next earnings release, which is expected to be July 25. In that report, analysts expect WM to post earnings of $1.08 per share. This would mark year-over-year growth of 6.93%. Meanwhile, latest consensus estimate …
$SPOT Stock Update
SPOT is up 20% for the last half a year but the club is only up about 4% (we purchased in March after a rise). “If SPOT can clear $155, look for a run toward the next ceiling of $170”. I like the sound of that! In news: Spotify will devote a prominent spot …
$RNG Stock Update
The club is up some 59% (purchased in May and October of 2018). Zacks Rank of # 2 (Buy). Not much else in news. HOLD
$EA Stock Update
EA has seen a lackluster performance in the last 6 months with only a 1% gain (compared with the S&P at a 7% gain). Electronic Arts was the worst performing stock in the S&P 500 index last Friday, as the second-season release of “Apex Legends” hit a snag, raising concerns the new version of …
$BAC Stock Update
Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter. Earning Beat on Wednesday: earnings of $0.74 per share, beating theestimate of $0.70 per share ($0.63 per share a year ago) …