U.S. markets are about unchanged this morning while Toronto is closed for the holiday.
I sold my Walmart shares this morning and used the money to add to my Toll Brothers position. Walmart seemed about fairly valued while Toll Brothers appears to be under-valued. It seems to me that Toll Brothers is more likely to be the better investment. Walmart could rise on positive news but I think Toll Brothers is more likely to do so.
I could probably apply the same logic to American Express and trade some of my position in that company for additional Toll Brothers. In that case it would be more difficult to do so since I am in a loss position on American Express. Logically, that is not supposed to matter but emotionally it always does. In addition keeping the American express provides me with more diversification.