Not a lot of excitement (positive or negative) for the week. The Fed released some new commentary about more rate increases but nothing that caused the stock market to panic as most investors are expecting additional rate hikes.
Only weakness was in transports and not sure why. If I had to guess maybe there is some worry of the economy slowing down (i.e. recession talk). Other than that it was a pretty quiet week so here are my trades for the week:
- Snap-On Inc. (SNA) – increased position – It dips and I buy. Grabbed 1 share @ $204.37 and a 2.78% yield.
- Best Buy Co. Inc. (BBY) – increased position – Love it when a stock I like is just floating near their lows as I can slowly build up a position. Grabbed 2 shares @ $90.39 and a 3.87% yield.