Major Averages: Mixed
Market Shadows’ Value Mix: New Record
The DJIA and SPY posted fractional losses this week while the Nasdaq Composite rose by almost 0.7%. The three indices are all in the black year to date with profits running from 1.66% to 6.09%. The Dow is now the laggard after the tech-heavy Nasdaq rebounded strongly in recent weeks.
Our own Virtual Value Portfolio had a better week than the broad market, gaining 0.82% since last Friday. Boardwalk Pipelines (BWP) was especially strong. We beat Murphy’s Law as both lots, of what is now our largest position, are up more than 50% since our March 2014, acquisition dates. BWP’s move helped our portfolio set a new closing record.
Our unlevered, plain vanilla value blend is now ahead by 8.56% YTD and + 52.74% since our Oct. 26, 2012, inception date.
We happily added the cast-off shares of Bed, Bath & Beyond (BBBY) to our list on Thursday after the shares got down to a three-year low. Unlike most of TV’s talking heads, we welcomed the chance to buy low. By Friday’s close BBBY had rebounded 3.3% from our purchase price only one day earlier.
See results on all our completed trades and currently held stocks by clicking on the following link…
Check the status of all our put writing activities by using this link…