Stocks That We Bought and Sold for the Past Year to Date

posted Jul 27, 2019, 12:04 PM by Intelligent Investor
Sold John Deere (DE), it is a cyclical business and the trade war the U.S. has with China isn't making things any better. Berkshire Hathaway also sold their holdings of this company a few years ago.

Bought Bank of New York Mellon (BK), we think their numbers looks better than Goldman and Sachs (GS), Berkshire Hathaway continues to accumulate this stock, the P/E Ratio is at 12, and has a Dividend Yield of 2%.

Bought Synchrony Financial (SYF), Berkshire Hathaway own this, P/E Ratio is at 7, and has a Dividend of 3%.

Bought International Business Machines (IBM), the Technical Analysis shows that it has bottomed, they announced to acquire Red Hat (RHAT) a provider of Linux OS, the P/E Ratio is at 12, and has a Dividend of almost 5%.

Bought Biogen (BIIB), I've always wanted to buy this company, one of their Alzheimer's drug research failed and their stock tanked to a P/E Ratio of below 10. In our opinion, this company is way undervalued given the fact that they have cash to make acquisitions and other drugs on their pipeline.

Summary:

Sold:
John Deere (DE)

Bought:
Bank of New York Mellon (BK)
Synchrony Financial (SYF)
International Business Machines (IBM)
Biogen (BIIB)
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