SBUX
42 posts
Preserving assets was the goal in June, which led to swapping out more stocks than usual in a tough tape, says investment manager Bob Freedland.
We had hoped that Asia might have enough economic strength to support itself and avoid recession. No more.
The portfolio holds companies which are strong financially and may benefit from the continued weakness in the equity markets.
Our model has almost 85% of its market value held in 5 holdings: Liberty Interactive, Intuit, Direct TV, Quest Diagnostics, and Starbucks.
In the Long Term GARP model, all most 85% of the market value of the portfolio is held in five holdings, including Liberty Interactive (LINTA), Intuit (INTU), Direct TV (DTV).
PetSmart (PETM) remains strong as Americans resist cutting back their purchases for Fido during any recession.