I have updated the composition of my own portfolio.
Perhaps surprisingly, amid the gloom, stocks did well today.
With Stantec down somewhat yesterday, Monday, I added to my position in that stock.
Walmart is updated and rated Buy at $65.31. While Walmart’s stock is “knocked” for still being below its 1999 peak of about $70, the company itself has performed very well. Earnings per share have increased relentlessly at about 12% per year on average in the past decade. The stock unfortunately had gotten way over valued by 1999 as investors were projecting growth closer to 20%. I feel comfortable owning it. We could have rated it (higher) Buy, but there is a scandal hanging over it in regard to paying bribes to acquire licenses to build stores in Mexico.