The Oxen Group's Extended Value Portfolio has been off to a strong start in 2012. View our January article that discusses all positions and why we chose them. The portfolio is a $50K long-term investing portfolio that uses 12-month price targets from our EquityAnalytics department to select equities that we believe have upside to outperform the market. This year, we are introducing several new types of positions into the portfolio to help it become an even better long-term portfolio that includes bonds, ETFs, and commodity holdings.
We started the year with the following holdings:
- CA Tech (NASDAQ:CA)
- Coca-Cola (NYSE:KO)
- Dollar General (NYSE:DG)
- DR Horton (NYSE:DHI)
- DuPont (NYSE:DD)
- Gildan Activewear (NYSE:GIL)
- McDonald's (NYSE:MCD)
- Microsoft (NASDAQ:MSFT)
- Monster Energy (NASDAQ:MNST)
- Panera (NASDAQ:PNRA)
- Sociedad Quimica y Minera (NYSE:SQM)
- Trina Solar (NYSE:TSL)
- Take-Two Interactive (NASDAQ:TTWO)
- VF Corp. (NYSE:VFC)
- Wal-Mart (NYSE:WMT)
- iShares Barcalys Aggregate Bond Fund (NYSEARCA:AGG)
- United States Oil Fund (NYSEARCA:USO)
- iShares MSCI Canada Index Fund (NYSEARCA:EWC)
- Vanguard Emerging Markets Index Fund (NYSEARCA:VWO)
During the month, we made the following moves. We sold 2/3 of the CA position at 24.30 for a 20% gain. We sold 1/3 of DHI at 14.60 for a 10% gain. We sold 1/2 of DD at 50 for 6.7% gain. We sold 1/3 of GIL at 21.85 for 10% gain. We sold 1/3 of MNST at 102.50 for 10% gain. We sold 1/3 of MSFT at 30.00 for 9.4% gain. We sold 1/2 of PNRA at 150.00 for 9.5% gain. We sold 1/3 of SQM at 60.00 for 9.3% gain. We sold 1/2 of TSL at 9.31 for 32.2% gain. We sold 1/3 of TTWO at 15.50 for 10.5% gain. We sold 100% of VWO at 42.25 at 8% gain.
The portfolio is up 4% for the year thus far and we have over $15,000 in cash currently.
For the coming month, here are some of the stocks we are looking at that we currently have as Buy-rated and are in our Buy range that we may be looking to add to the portfolio:
Intuit (NASDAQ:INTU) -
Intuit is one of our favorite application software companies right now. The company has a PT of $79.50 right now and looks to be a Buy at $63 and below. In December, we increased our PT from $68.50 to $79.50. They have a growing cloud computing software business that gives them a lot of upside in their price. Even with recent pushes higher, we still like this company moving forward.
Oracle (NYSE:ORCL) -
Oracle's latest quarter was a disaster for sure. It definitely hurt the stock, but we believe the market overdid it on the downside. Now that the stock has recovered, we believe that now is a great time to start to look at them again. We like them at $42, and we believe that they are still attractive at these levels.
Starbucks (NASDAQ:SBUX) -
We have a Hold rating on SBUX, and our last PT was just shy of $40. Yet, we have run some recent numbers on the company as of their latest quarter and like what we are seeing and see $50 as more likely for our 12-month goal now. The stock is close to that, but we believe they are one of the strongest holdings and are a great safe place to put money. The market seems to love the stock and continues to reward it with a higher multiple. We believe that SBUX will make a great Hold that may have upside especially if the K-Cup service continues to prosper.Disclosure:
I am long CA.
Additional disclosure: We are long:- CA Tech (CA)- Coca-Cola (KO)- Dollar General (DG)- DR Horton (DHI)- DuPont (DD)- Gildan Activewear (GIL)- McDonald's (MCD)- Microsoft (MSFT)- Monster Energy (MNST)- Panera (PNRA)- Sociedad Quimica y Minera (SQM)- Trina Solar (TSL)- Take-Two Interactive (TTWO)- VF Corp. (VFC)- Wal-Mart (WMT)- iShares Barcalys Aggregate Bond Fund (AGG)- United States Oil Fund (USO)- iShares MSCI Canada Index Fund (EWC)- Vanguard Emerging Markets Index Fund (VWO)