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SBUX, NKE, WFC etc
July 3rd, 2018 6:20 PM
I am trying to see whether I have any talents on the stock investment. When I was smart enough, I knew that I did not have any special talent. But like a lot of other people, we will simply try and try to prove that we are not that smart.

I read a lot of financial books recently, and think I am a little bit now. But still I do not trade that much. I bought some WFC, JPM shares the beginning of this year, still under water.

A few years ago, I liked SBUX and NKE a lot. Starting last year, I know NKE should be doing better, since lots of runners like NKE shoes a lot. They thought those shoes can help them run a few seconds faster for each mile. And I do not know whether it was related, but NKE earnings was very good after that.

And I did not buy SBUX shares(Purchased NKE). If I did, I would be under water again. But for NKE, it appreciated over 40% after the purchase.

And story is WFC. I thought WFC would be ok after all those scandals, but Fed put a growth cap until WFC meeting the requirement. It was down almost 10% after Janet Yellen left the office. And it was not back to the level I purchased so far.

But they announced 24.5B stock repurchase plan. It helped the stock a little bit. But still, someone said do not buy the stock. But I held it for the long term. Let's check it in a few years.

Posted in:General
Posted by Eric Fang on July 3rd, 2018 6:20 PMPost a Comment

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