Happy New Year! Stocks are cheap, so we’re adding some bargains to the Smart Investing in Turbulent Times portfolios today.
Cardinal Health (CAH) is the newest addition to the Growth & Income Portfolio. Cardinal is one of the largest U.S. distributors of healthcare products and services. The stock offers investors strong earnings growth, an undervalued P/E and a 1.7% dividend. Unlike most U.S. stocks right now, its chart is not weak; rather, the stock is pushing up against all-time highs of 91, established in April 2015, and could easily break past that price shortly.
We’re adding FedEx (FDX) to the Buy Low Opportunities Portfolio today. FedEx is thriving, with record revenues and profits, while its competitors in the transportation sector are suffering with earnings disappointments. FedEx offers investors strong earnings growth, an undervalued P/E and a bargain stock price at the bottom of its recent trading range.
Watch for the January issue of Smart Investing in Turbulent Times tomorrow, where you can read more about both of these excellent stock investments!