Sell: BAC at $15.84

Loss: $56.15 1.8% loss    Sold 187 shares of Bank of America (BAC) at $15.84/share.

I was looking at the amount currently invested in the market and decided it’s best to have less money in this downward trending market; especially after the EU’s outlook and James Bullard’s comment:

“When there is a mismatch between what the central bank is thinking and the market is thinking, that sometimes doesn’t end well, because there can be a surprise later on.”

MDR has continued an unreasonable drop to over -50% in 1 month; putting me at a $1,000 loss. Word on the street is Mcdermott is positioning itself for a strong rise to power again. Looks like I’ll be holding onto MDR for at least another couple years. RAD is also performing terribly; currently at a $800 loss.

The next pull out of the market will be $3,000 from GE sometime soon.

Buy: GE at $25.20

Purchased 120 shares of General Electric Company (GE) at $25.20/share. Total cost: $3,030.51

GE hit $28/share last December ($500 gain)…it hasn’t gone anywhere since then (lingering at a $200 gain).

GE-stock-december-review

I should have tried trading the GE ups and downs all year; hopefully today’s entry will help the ScottStocks portfolio.

The currents weights on individual stocks in the portfolio are keeping things looking a little brighter. Rite Aid and Mcdermott are performing horribly; bringing my total loss to $1,000.

42%($6,200) in GE.   4% return. $200
43%($6,300) in BAC. 8% return. $450
6%($900) in MDR.   -46% loss. -$780
9%($1,300) in RAD. -35% loss. -$700

Fed News Moves the Market…Again

As I occasionally glanced at the market throughout the day, I was surprised to see the ScottStocks portfolio rising significantly. First up $100, then within the hour rising further to $200. After a 2% gain during the day, I finally checked the finance news for the day. Ah yes, the Feds have once again reassured us they will maintain the ~0% interest rate policy.
fedlowrateTomorrow will be interesting to watch as Rite Aid announces quarterly earnings. I plan on buying more shares the first minute the market opens if they beat analyst’s EPS estimate of $0.06.

I’ve been using Estimize to watch earnings dates and estimates, but I also came across WhisperNumber.com today; another good source for earnings estimates .

Buy: BAC at $16.07

Purchased 187 shares of Bank of America (BAC) at $16.07/share. Total cost: $3,011.72.

Putting more in Bank of America after their $16.65 billion mortgage settlement with state and federal agencies. With the final numbers determined for fines/penalties, analysts can put aside the outstanding lawsuits and properly value the company. This valuation clarity should bring investors back in to BAC.

 

Buy: RAD at $5.97

Purchased 330 shares of Rite Aid Corp. (RAD) at $5.97/share. Total cost: $1,979.51.

Walgreens announces their acquisition of pharmacy chain Alliance Boots, and RAD drops 6%. I don’t see the acquisition directly hurting Rite Aid anytime soon, so I’m putting a little more in RAD after this unreasonable 6% nosedive.

Sell: JNS at $12.55

Loss: -$19.17
-.009% return    Sold 160 shares of Janus Capital. (JNS) at $12.55/share.

Half a year of holding JNS and it goes nowhere. Although, it did pay a couple dividends ($11.20 and $12.80) that almost made it worth holding onto.

For a future dividend paying stock, I’m watching Invesco; a stock in my price range with a nice 50 cent quarterly dividend.

 

Sell: RAD at $7.70

Profit: $524.84
18% return    Sold 460 shares of Rite Aid Corp. (RAD) at $7.70/share.

RAD set a new record today for the biggest return on a trade.

In 8 months, Rite Aid has brought in over $1,300 for the ScottStocks portfolio.

Today’s rally comes after Rite Aid announced a 5% increase in last month’s Same Store Sales compared to 2013 April sales. Their new ‘Wellness+‘ program (think: customer loyalty program) is clearly working; and with more stores being remodeled, the growth will continue.

RAD Same Store Sales Increase

The next dip in price, I plan on putting $5,000 into RAD; $2,000 of which will be devoted for long term growth.

While the realized profit is now positive, I’m still down about $100 after unrealized losses.

I’m on the brink of no longer being a stock market loser!