Berkshire-Hathaway (BRK.B): Added to Position

When Berkshire-Hathaway (BRK.B) came under pressure this week with many of the industrial and cyclical plays, I decided to add a little to this “speculative” position with an order which filled Tuesday at $250.46

The buy raised my per-share cost a fairly substantial +15.29% from $142.22 to $163.97, however, given that my new per-share cost is still near BRK.B’s low of $159.50 in March 2020, I’m comfortable with that to get some more exposure to this company that’s shocked everyone by making a new all-time high this year.

My next price target to add more is $222.00 and I currently have no intention of taking profits as we wait to see where this one can go.

BRK.B closed the week at $256.77, up +2.52% from where I added Tuesday.

Boeing (BA): Added to Position

Just like Berkshire-Hathaway (BRK.B) above, Boeing (BA) also came under selling pressure on Tuesday, so I decided to add a little at $240.55, replacing only a small portion of shares I sold between 2018-2019 for an average price of $369.67, locking in a -34.928% discount.

The buy raised the per-share “cost” on my position by +1.907% from -$333.52 to -$327.16 (Boeing remains in the top 2 biggest lifetime earners in the portfolio with each share costing no capital and instead adding $327.16 to the bottom line). From here, my next buy price target is $215.50 and my next sell target is near BA’s all-time high around $450.00.

BA closed the week at $244.87, up +1.80% from where I added Tuesday. 

Disney (DIS): Added to Position

With DisneyLand opening later this month, a renewed focus on its Disney+ streaming services, and its line of movie studios, cruise lines, hotels, and theme parks making it the ultimate economic reopening play, I decided to add the profits I took out of Disney (DIS) back in when it came under weakness on Tuesday.

I placed an order which filled at $189.36, throwing only my profit back into the position and leaving me with a per-share “cost” of -$0.04 (meaning each share in the position cost the portfolio nothing and instead adds $0.04 to the bottom line).

From here, my next price target to add to Disney is $162.30, slightly above the low of its last big selloff.

DIS closed the week at $185.92, down -1.82% from where I added Tuesday.

Dow Chemical (DOW): Added to Position

Dow Chemical (DOW) sold off with the rest of reopening plays on Tuesday, prompting me to half of the shares I sold back on January 12 for $60.66 at the same price with an order that filled Tuesday afternoon at $60.66. The order raised my per-share cost +0.567% from $35.26 to $35.46, but given the rock-solid +4.616% yield even at these levels, the deal was too hard to pass up.

My next buy price target is $54.90 and my sell target is around $100, at which point DOW will be outgrowing the target 7.14% allocation size for each position in the portfolio.

DOW closed the week at $63.99, up +5.50% from where I added Tuesday. 

Nike (NKE): Added to Position

When threats of a boycott from China broadened on Thursday, many stocks got slammed, including Nike (NKE) which dropped nearly -4% from already depressed prices despite an earnings report which was overall positive.

Many analysts felt like since Nike missed its numbers that the company isn’t popular, but it turns out demand is huge and the only reason NKE missed was due to supply chain constraints and known congestion at ports.

Accordingly, it was time for me to swoosh (get it?) in with a buy order which filled at $127.05 Thursday morning. The order raised my per-share “cost” +17.05% from -$29.85 to -$24.76 (each share in the portfolio cost no capital and instead adds $24.76 to the bottom line). At my fill price, Nike’s 0.866% dividend is nothing to get too excited about, although any dividend is nice in a rising rate environment.

From here, my next buy target is $112.10, and my next sell target is near $210 where Nike will have exceeded the 7.14% allocation target for the portfolio.

NKE closed the week at $132.99, up +4.70% from where I added Thursday.