Philip Morris Update

Philip Morris Update

Shares of tobacco giant Philip Morris are holding up quite well as the new week begins.  While the S&P 500 Index is falling over 2% and is heading for its lowest close since March 29th, PM remains above last week’s low.  The upward sloping 200 day moving...
Philip Morris Update

Philip Morris Update

From the Christmas week lows($64.65) to the 2019/March peak($92.75) PM rallied over 40%.  PM reached a multi year high (overbought daily MACD) high at the March peak. The stock has traced out a healthy pullback over the last four weeks. At last week’s low PM had...
Out Of Favor

Out Of Favor

Consumer Staples… XLP(Select Sector Consumer Staples)Top 5 Holdings: PG:   12% KO:   10.5% PEP:  9% PM:   8% WMT:  7.8% An interesting shopping list.  Hat tip Bespoke Research
Staples Sinking

Staples Sinking

The staples sector had a particularly rough week.  The XLP(SPDRs Select Sector Consumer Staples ETF)finished the week at new 2018 lows.  This was also the second weekly close below the 2017 lows in the last five weeks.  Quite a reversal for and index that in late...