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Deep Value Dividend Growth Index Week 23 Update: Gorging On The Most Undervalued Stocks On Wall Street | The Mesh Report

Deep Value Dividend Growth Index Week 23 Update: Gorging On The Most Undervalued Stocks On Wall Street

Dividend Sensei May 2, 2017 Comments Off on Deep Value Dividend Growth Index Week 23 Update: Gorging On The Most Undervalued Stocks On Wall Street

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Last week was certainly chock full of interesting events. The two day post French election rally (in which the pro EU Centrist Technocrat was essentially guaranteed ultimate victory in the May runoff), set the market up for a strong week. That was followed by 190 earnings reports, about 70%, and 60% of which beat expectations in earnings and sales growth, respectively.

In addition, President Trump released his single page (skimpy on the details), tax reform proposal, which basically proposes all of the market’s most asked for things.  And of course the lack of a government shut down (through October at least) gave the market further reason to cheer. However, all the positives of the week were overshadowed by a VERY weak Q1 GDP growth estimate of just 0.7%, the weakest in three years.

So it seems that both bulls and bears have reasons to continue to support their views, and the market is likely to remain largely range bound as we wait to see whether Congress can make good on its goal of getting tax reform done this year.

As for specific changes to the portfolio, good earnings results mean few buying opportunities. However, as it was the end of the month we did enjoy a nice buffett of adding to the most undervalued names we own including:

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