Progress Report - BDX, CSCO, BIDU, EMP.A
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In another progress update, John Schwinghamer reports on recent changes affecting several trades we entered in 2012. As we have highlighted in recent weeks, we have trade recommendations in progress across at lease 20 different issues.
Becton-Dickinson (BDX) is a Top-25 Purple Chip. We originally posted in Market Update - BDX and we have followed it closely as it returned to the valuation mid-range and has now climbed to the top end of the range. Earnings this week were boosted by an early flu season and management guided future expectations higher leaving our trade up over 20% to date.
Cisco (CSCO) slowly returning to the mid-level of the valuation range, we originally recommended this big-cap technology leader, Cisco Hits Low Valuation Signal and highlighted change Cisco Strengthens Earnings Profile. The position is up over 28% to date and we continue to see strength in the name.
Baidu (BIDU) had missed quarterly earnings by a penny this week and lost a full 10% of value. We've been invested in the stock since it hit a low valuation in November Baidu Triggers Low. Our trade is now only up about 5%, but we will be sticking with this Chinese growth name.
Empire (EMP.A) was originally recommended in mid-November Canadian Alerts and is up 10% to date. John highlights progress on this and other names.