One of relatively few stocks that were up today was Wal-Mart, up 1.25% to $73.51. It’s up 12.5% since we rated it a Buy at $$65.31 on May 28. Considering these facts, and the fact that I have only a small cash position, I decided to sell half my holdings in Walmart today. I also note that Walmart is up 23% this year to date. It may still be a good investment but it’s not as good an investment as it was in may and I just decided to take some profits on this one.
Canadian Tire fell 2.7% to $69.32.