The markets had a pretty good day today, with the Nasdaq leading the way by gaining 1.07%.
I was going to do a Net Worth update, but not too much has changed lately. My portfolio has been gaining lately and this is increasing my net worth, while I'm trying not to spend too much at the same time.
So I thought to comment on my portfolio. Year to date my portfolio is up 12.6%.
The S&P is up 0.62% and the Dow is still in negative territory (down 2.44%). We're into the second half of the year and I'm meeting my two main objectives.
1. Beat the S&P 500
2. End the year with positive returns
I have #2 in there because if the S&P returned -5% and I returned -3%, even though I did better than the S&P I still lost money. I invest to make money while beating the S&P (so maybe I should switch #1 and #2 around).
Overall I'm pretty happy with the returns, and I hope the returns continue for the rest of the year.
On to the specific positions.
EBF: +4.7% I'm feeling just so-so about this one. The last earnings report was pretty good, but I might be able to find a better place for my money.
UNTD: -6.5% I'm going to give this one some more time, and I'm not that far away from being break-even.
FRX: +12.3% I like this stock still, although 40 is becoming a tough area to breakthrough. A few days ago Morgan Stanley raised estimates and said that FRX bottomed out, and they put a $50 price target on it.
LB: +82% This stock is on a roll as you can see here. The uptrend is fairly strong and good news continue to come out. I'm going to let this one run for awhile.
NCC: +4.6% My opinions on this one hasn't really changed.
NTE: +1.8% I still think this one is going back up to $28, but what do I know.