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Financial Fitness & Life Planning

March Update

MHB Equity Management LLC

The stock market remained quite volatile and dropped sharply in March.  It was unnerved by tariffs and the potential for a trade war, ongoing Fed tightening, and stock-specific worries regarding companies within the market-leading technology sector.  These are all legitimate concerns, especially given high valuations.  At the same time, however, a series of positive factors should not be ignored – robust earnings growth, the corporate tax cut, and low interest rates.  The benchmark 10-year treasury yield still stands at only 2.74%.

Commentary on selected individual stocks

Procter & Gamble – I expect the stock slump to prove temporary due to the power of its brands that has been built through years of innovation and customer focus. 

Exxon Mobil – the stock is valued as though oil is at a lower price than the current $65. 

Apple – dominant consumer position and still reasonable valuation, but it is no longer cheap, and the company faces some headwinds.

Michael Berlin can be contacted at mberlin@mhbpartners.com and at (631) 629-4928 .

The information included in this article is not intended to be used as a basis for making investment decisions nor should it be constructed as a recommendation to buy or sell any specific security. Consult your investment professional for additional information and guidance.
 

 

 

 

 

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