Time to Hedge
AWK, AWR, BRK-B, UNP, HON, MMM, CELG, GOOG, CL, KMB, PG, CLX, URI, DIS
It is a Bull Market when you see major names hitting 52-wk highs. Wednesday we have many major stocks hitting new all-time highs
But, always keep in mind that at these marks we often see reversals for a variety reasons.
American Water Works Co. Inc. NYSE: AWK is the top water utility in America and hit a new high of 39.77. It still yields 2.6%, even at a new high. Its smaller rival is American States Water Co. NYSE: AWR, and that hit a new high of 52.97 and still yields about 2.8%. Water has proven its place in every investment portfolio.
Warren Buffett’s Berkshire Hathaway Inc. NYSE: BRK-B hit a new 52-wk high on the A-shares, and the B-shares hit a high of $101.48 Wednesday, Vs a prior 52-wk high at 101.08. The A-shares hit a new high of 153,159.98 Wednesday, against a prior 52-wk high of 153,090.00. Its prior all-time high was 151,650.00 in December 2007.
Union Pacific Corp. YSE: UNP is a transport, this shows that Buffett’s acquisition of the great BNSF railroad has added value. Union Pacific is now down 1% on the day but it hit a new high of 138, it yields 2% for dividend investors.
Honeywell International Inc. NYSE: HON hit 71.09, and 3M Co. NYSE: MMM broke its prior high at 104.39 by a 0.01 so far. Honeywell yields about 2.3%, Vs 2.5% at 3M.
Celgene Corp. NASDAQ: CELG hit a new high on its accelerated buyback plan announced Wednesday. The new high here is 103.69, Vs a prior high at 102.29.
Google Inc. NASDAQ: GOOG broke 800 for the first time Tuesday. The new all-time high Wednesday is 808.87, and the consensus Thomson Reuters price target is 831.40.
Colgate-Palmolive Co. NYSE: CL hit a new high of 112.93 and yields 2.3% for dividend investors. Kimberly Clark Corp. NYSE: KMB hit a new high of 92.60 Wednesday, and yields 3.2% for new investors.
Procter & Gamble Co. NYSE: PG seeing a new high, but the 52-wk high is elusive because of what is likely the ex-dividend. Its dividend yield is 2.9%.
The Clorox Co. NYSE: CLX is small for consumer products players at $10.8-B in market cap, but with a new high of 82.85, its yield is 3.1%.
United Rentals Inc. NYSE: URI is the equipment rental giant. Shares hit a new high of 56.87 Wednesday, and its market cap is just under $5.2-B.
The Walt Disney Co. NYSE: DIS is seeing a boom from its entertainment properties and its recent Star Wars acquisition. DIS marked new high, but that high came on Tuesday. Disney may not raise its dividend, it has a low yield for a DJIA stock.
Some analysts are saying that the DJIA Y 2013 will see a high of 14,590 in Y 2013. For it to happen, more and more of the major companies have to tap and mark all-time highs on the DJIA
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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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