A new title to our monthly series, "stocks I'm buying" was rather incorrect and deceiving, as sometimes I would not purchase any stocks in that month at all, but rather showcase my largest holdings and where I stood as far as gains/losses. Granted, I might have made a few purchases, but not purchase all 4 stocks I showed that month. With that said, from here on out, the series will be called "the stocks I'm holding" or some shit like that. It just does not have a good ring to it.
Last month, January 2018
My 4 biggest positions last month were Cintas, Coke, Visa, and Square respectively. Let's see what has changed this month.
This month, February 2018
Cintas, Cintas, Cintas, Wall St. will never understand you, as everyone who works in an investment bank, hedge fund, or anything related to finance has never worn a uniform from a certain company or a trade job. It's just suit and tie. They don't have that insiders view of how Cintas delivers their uniforms to millions of companies nationwide and how valuable and profitable it is like I do. Enough tooting my horn, I'm so bullish on this company.
Recently, Cintas has decided to shut down a facility in Iowa, the facility was purchased when Cintas made the acquisition with G&K services but figured there was no need to continue operating such facility when there were other stockroom facilities in the area. The facility will leave 35 employees without a job, HOW-FUCKING-EVER, Cintas is encouraging those 35 employees to apply in their other facilities, IF, for some reason, they can't find employment in their other facilities OR any other job Cintas will continue providing health care coverage, offer job opportunities, and other resources to the employees and their families.
2. American Express
Why has American Express suddenly jump up almost 6 spots in my portfolio and lands on 2? AmEx has been dormant for awhile, but it recently reported earnings, while BEAT estimates in EPS and revenue, they were slapped by a $2.4 billion tax hit from this new tax bill. AmEx brought back overseas profits to the U.S and was taxed at 15.5%. It also reported that it will halt share buybacks for the first half of 2018 in order to recover capital from the tax bill. That does not sit well with investors. Me, I'm not too worried, long-term, the tax cut will only benefit American Express.
Per usual, nothing too exciting happening with Visa. They announced that Visa will boost contributions/matching for their employee's retirement plans. Visa is to report earnings later today.
They rolled out a line of new diet Coke products, with their own little flavors. Like the renaming and rebranding of "Coke Zero" became "Coke Zero Sugar" and proved to be a huge success, I don't think this new line of diet Coke products will be any different. Coke also has established a goal to become more environmentally friendly by recycling a can for every can purchased in 2030.
Currently, the portfolio is up 6.48% YTD. The blue figure is the S&P