April 18, 2014 Comments

On Friday the S&P 500 was up 0.1% and Toronto was up 0.4%.

Most of our stocks were up but Toll Brothers was down 1.4% to $34.16. It remains a speculative choice. I have added to my position recently at about this price.

Bank of America is updated and rated Speculative (higher) Buy at $16.15. It reported a loss in Q1 due to settlements related to mortgage issues from the credit crisis. These settlements will likely soon be behind it and don’t change the outlook for the bank, which is positive. This bank trades at a low valuation and will likely increase. But it’s not nearly as strong or as well run as Wells Fargo and so I look at it as a more temporary investment.

Leave a Reply

Your email address will not be published. Required fields are marked *