December 4, 2006
The Big Sell
Today was the big day to sell my SunTrust holdings. I sold about $1000.00 (15 shares) after paying the commission. It reached its 52 week high and increased it by another 4%, so I thought that it was a great time for me to sell and purchase new securities. My portfolio will finally look a lot more balanced than what it used to be. SunTrust was originally 78% of my portfolio (because it was a rollover balance from my 401(k)) and now it’s only 19%.
I like SunTrust stock. I believe that they will still be going up for sometime now. They’re an extremely conservative bank & loan company, so they grow at a slow but steady pace. They are expanding at a very nice rate, and they rarely try risky endeavors. They’re stock rarely splits (once in almost 20 years), so they rely heavily on growth for the ultimate appreciation.
I have also decided what stocks I will be purchasing this month. I have listed the stock symbol and why I will be purchasing that precise stock.
Symbol Name
DPZ DOMINO’S PIZZA INC – I think Domino’s is the most successful pizza company out there. They keep their prices low and still deliver a great product. They are successful in a boom or bust economy which is always great.
INTC INTEL CORP – Intel recently signed their deal with Mac; which increased their market share by 20%. I think that Mac is a wonderful company, but I am waiting for their stock to go down a bit. I like Intel because with every Mac that is sold, Intel makes money. Good deal!
SU SUNCOR ENERGY – One of the leading oil companies in Canada with huge expansion plans for the next 10 years.
THI TIM HORTONS INC – Tim Hortons recently broke away from their parent company Wendy’s. Tim Horton’s will be expanding throughout the U.S.; which will be eating away some of the market share from Dunkin’.
TXN TEXAS INSTRUMENTS INC – Texas Instruments are the leaders in almost every electronic market in the U.S. They develop the leading college and high school calculator, to the high end DLP TV’s. They’re stock is low and is ready for me to buy it.
VCLK VALUECLICK INC – ValueClick keeps on taking away Google’s web advertising on a daily basis. They’re stock has gone up more than 25% this year and seems like they will keep on going up next year.
WAG WALGREEN CO – Great company and delivers growth every year.
WAIN WAINWRIGHT BANK TRUST CO – This is an “environmentally friendly” bank in the North East. After reading about this company, I found that they have only lost 5% of their customers to either death or moving; which means people love this bank. With proper expansion, they will be an extremely valuable asset. This stock also splits on a yearly basis; which is nice for the young investor.
WEN WENDYS INTL INC – Best fast food company in the world. They have awesome food at a cheap price. That is a great combination in North America.
[…] If you own an individual stock portfolio, what market segments do you want to invest in? I like to stick to the markets I know, but with my recent stock purchases I am venturing in uncharted waters. Does it mean that I am going in blindly? I don?t think I am. I looked at past returns of the companies, their prospectus for their future and where I think the markets are heading. Most of my stock portfolio was heavily weighted on American consumers. And now I am invested in a few Canadian based stocks and companies that have global consumers. […]
[…] I am extremely glad I sold my shares of SunTrust this week because it�s gone down about forty cents since then. My stock portfolio went up a little since last week, but I expect it to get some more momentum before the end of the year. I added a good amount of shares and diversified myself to some outside markets that I wasn�t originally part of. Walgreens and Suncor Energy Inc. were my big purchases followed by Archer Daniels Midland Company and Penn West Energy Trust. I can see some big time growth in those companies but I am hoping that all the new purchases will be worth my time and money. […]