I have not updated the models mid-week, but based on the last update, and decent reaction to today’s data, I think yesterday’s pullback is a buying opportunity. The only questions I have are, do I buy now or wait until next week? and what to buy?
There are a couple of items on the sell block for me. First is Asbury Automotive (ABG), I am frustrated by their second secondary offering announcement in a two-month time-span. Next is iShares South Africa (EZA), I will take the profit here and free the portfolio space for a regular stock. Some of the buys appear courtesy of modified screens.
Abb Ltd (ABB), Complete Production Services (CPX), Ennis (EBF), Masisa S.A. (MYS), and the SPY (SPY) are the buys today. More on the stocks later, the SPY is just a placeholder.
