Molson Coors Added

By on October 1, 2020

Molson Coors TAPInvestors continue to pile into high-flying technology shares and various other market darlings creating some of the biggest bubbles I’ve ever seen. TSLA, ZM, NVDA, CMG, AMZN come to mind. Apparently no price is too high in a zero interest rate world. This may have reached an inflection point on September 2, 2020 when the NASDAQ closed over 12,000.

Many value stocks continue to be shunned as the vast majority of money flows towards the bubble stocks. The Growth/Value ratio has not been more skewed since early 2000.

A position was initiated in Molson Coors (TAP) today at $33.5. TAP now represents approximately 0.9% of the SMA portfolio. TAP has performed dismally over the past five years. It’s one of the cheapest stocks I can find. Disclosure: I have owned and traded TAP shares for many years. I own small positions in TAP in other accounts.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of individual securities or low cost, broadly diversified index funds. Past performance has no relation to future performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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